Pride Bank has recorded a strong financial performance for the year ended 2025, posting Shs11.6 billion in profit after tax, representing a 41% increase as the institution continues to strengthen its position in Uganda’s financial services sector.
The performance was highlighted during the presentation of Pride Bank’s 2025 Annual Report to the Minister of Finance, Planning and Economic Development, where the institution showcased its growth, improved operational efficiency and contribution to Uganda’s economic development.
The latest results come after Pride Bank successfully transitioned into a Tier II Credit Institution under the supervision of the Bank of Uganda, a milestone the bank says has enhanced its capacity to support customers and expand financial services.
According to the annual report, the bank’s total assets grew by 28% to Shs574 billion, while customer deposits increased by 58% to Shs282 billion.
The institution’s loan portfolio also expanded by 15% to Shs268 billion, reflecting increased lending to individuals, businesses and productive sectors of the economy.
Pride Bank attributed the improved performance to disciplined execution, prudent lending practices, stronger customer confidence and continued investment in systems and technology.
The bank also reported improved asset quality, moving from a Shs7.5 billion impairment charge in 2024 to a net credit position in 2025, a development attributed to improved recoveries and enhanced risk management practices.
Operational efficiency also improved during the year, with total income growing by 11%, mainly driven by net interest income, while operating expenses increased by only 6% despite investments in technology, staff and infrastructure.
Pride Bank maintained a strong capital position, recording core capital adequacy of 49.7% and total capital adequacy of 50.4%, levels above regulatory requirements.
The bank said the strong capital base provides a foundation for continued expansion and increased support to Uganda’s growing economy.
Speaking during the engagement, Finance Minister Henry Musasizi said Pride Bank’s continued growth and focus on financing agriculture, small and medium enterprises and other productive sectors aligns with government’s efforts to expand financial inclusion and support socio-economic transformation.
Pride Bank Managing Director Veronicah Namagembe said the 2025 results demonstrate the confidence customers continue to place in the institution.
“Our 2025 performance reflects the confidence our customers continue to place in us and the dedication of our staff. As Pride Bank, we remain committed to responsible growth, innovation and delivering financial solutions that create lasting value for our customers and contribute meaningfully to Uganda’s economic development,” Namagembe said.
Looking ahead, Pride Bank said it will continue expanding lending to agriculture, trade and SMEs while accelerating its digital transformation journey.
The bank said its focus remains on sustainable growth, stronger customer relationships and delivering inclusive financial solutions that support Uganda’s long-term economic aspirations.
