Publications

  • Published Financial Statements for the ended December 31, 2013

    30 Aug 2017
    Ugafode_admin
    467
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    Published Financial Statements for the ended December 31, 2013. Download a copy here

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  • Annual Report and Financial Statements for the Year Ending December 31, 2014

    30 Aug 2017
    Ugafode_admin
    434
    0

    Annual Report and Financial Statements for the Year Ending December 31, 2014. Download the Annual Report Published Accounts 2014 here in PDF format. Below are the highlights of the financial statements:

    Profit after tax stood at UGX 1.1 billion in 2014 compared to UGX 279 million in 2013
    Loan portfolio grew by UGX 6.02 billion from UGX 17.49 billion in 2013 to UGX 23.5 billion in 2014 (34.4%)
    The savings portfolio grew by UGX 3.24 billion (43%) to UGX 10.789 billion in 2014 from UGX 7.54 billion in
    2013 because of aggressive mobilization efforts by staff, quality customer service and turn‐around time.
    Interest income increased to over UGX 8.59 billion in 2014 up from UGX 7.15 billion as a result of the
    growth in the loan portfolio.
    The institution’s short term investments with other financial institutions increased to over UGX 3.20 billion
    up from UGX 2.67 billion.
    Designated fund income increased as a result of a United Nations Capital Development Fund (UNCDF)
    Grant towards developing and piloting of the new GroupSave product and AirSave mobile banking
    platform.
    The overall rating of the institution by Bank of Uganda for end of December 2014 was “Satisfactory” an
    improvement from a “Fair” rating as at end of December 2013.

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  • Annual Report for the Year Ending December 31, 2015

    30 Aug 2017
    Ugafode_admin
    430
    0

    Annual Report and Financial Statements for the Year Ending December 31, 2014. Download the Annual Report Published Accounts 2014 here in PDF format. Below are the highlights of the financial statements:

    • Profit after tax stood at UGX 1.1 billion in 2014 compared to UGX 279 million in 2013
    • Loan portfolio grew by UGX 6.02 billion from UGX 17.49 billion in 2013 to UGX 23.5 billion in 2014 (34.4%)
    • The savings portfolio grew by UGX 3.24 billion (43%) to UGX 10.789 billion in 2014 from UGX 7.54 billion in
      2013 because of aggressive mobilization efforts by staff, quality customer service and turn‐around time.
    • Interest income increased to over UGX 8.59 billion in 2014 up from UGX 7.15 billion as a result of the
      growth in the loan portfolio.
    • The institution’s short term investments with other financial institutions increased to over UGX 3.20 billion
      up from UGX 2.67 billion.
    • Designated fund income increased as a result of a United Nations Capital Development Fund (UNCDF)
      Grant towards developing and piloting of the new GroupSave product and AirSave mobile banking
      platform.
    • The overall rating of the institution by Bank of Uganda for end of December 2014 was “Satisfactory” an
      improvement from a “Fair” rating as at end of December 2013.
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  • Annual Report 2015

    30 Aug 2017
    Ugafode_admin
    405
    0

    Annual Report  for the Year Ending December 31, 2015. Download the ANNUAL REPORT 2015 here in PDF format.

    Below are the highlights of the financial statements:

    • Total assets grew by 21% as a result of growth majorly in short term investments (25%), loans and advances to customers (19%) and other assets (52%).
    •  Total Equity increased by 63% to UGX 11.6 billion in 2015 up from UGX 7.1 billion in 2014 as attributed to growth in retained earnings by -32% and share capital injection by 52% during the year 2015.
    • Core Capital/RWA increased by 29.20% in 2015 up from 18.92% in 2014 and total capital/RWA increased by 32.51% in 2015 up from 22.98% in 2014 resulting from the growth in equity.
    • Share capital and premium raised to UGX 1.4billion and 7.3billion respectively
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