UDB reports net profit of Shs 57.8 billion in 2024
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UDB reports net profit of Shs 57.8 billion in 2024

June 20, 2025
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Uganda Development Bank Ltd [UDB] has reported a net profit after tax of Shs 57.8 billion for the year ended December 31, 2024, representing a 16 percent increase from Shs 49.8 billion in 2023. The profit growth was driven by continued strategic investment in interest-earning assets, coupled with prudent cost

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