UDB Focuses on Sustainability and Innovation to Drive Uganda’s socio-economic development
Uganda Development Bank Ltd (UDB), the country's national Development Finance Institution and the Best Bank in East Africa 2024, has today announced its 2023 annual performance, highlighting its continued pivotal role in fostering economic resilience and sustainable growth across key sectors of the economy.
UDB's net loans expanded to UGX1.47 Trillion in 2023, reflecting robust support to the private sector. The Bank strengthened its commitment to providing affordable and patient capital, achieving significant milestones amidst economic challenges.
The results, released during the Annual General Meeting held at the Ministry of Finance, Planning, and Economic Development, reflect a sustained effort to facilitate economic recovery.
The meeting was attended by the Bank's shareholders, the ...