Centenary Bank

Website Centenary Bank
Location Uganda
Key figures Impact story


Centenary Bank’s mission is to provide appropriate financial services, especially microfinance, to all people in Uganda, particularly in rural areas, in a sustainable manner and in accordance with the law.


The bank’s vision is to be the best provider of financial services, especially micro-finance, in Uganda.


Centenary Bank started as an initiative of the Uganda National Lay Apostolate in 1983 as a credit trust. It began operations in 1985 and was mainly serving economically disadvantaged people especially in rural areas. Since 1993 it is registered as a fully-fledged commercial bank.

Centenary Bank is now the leading micro finance commercial bank in Uganda with:

  •  1,200,000 deposit clients, representing a third of the banking population in Uganda;
  • 130,000 loan clients, the highest number of borrowers in Uganda’s industry;
  • and currently operates in 57 areas countrywide, via 124 Automated Teller Machines (ATMs).


Centenary Bank’s ownership comprises the Catholic Dioceses of Uganda (38.5%), the Uganda Catholic Secretariat (31.3%), the International Solidarity for Development and Investment based in France (11.6%) and the Stichting Hivos – Triodos Fonds in the Netherlands (18.3%) along with four individuals (0.3%).

Board Members

  • Professor John Ddumba Ssentamu, Chair
  • Mr Fabian Kasi, Managing Director
  • Mr Jacco Minnaar
  • Mr Kimanthi Mutua
  • Dr Peter Ngategize
  • Mr Henry Kibirige
  • Mr Andrew Obol
  • Mt Rev. Dr Cyprian K. Lwanga
  • Mt Rev. Paul Bakyenga
  • Mr Rene Ehrmann

Market Focus, Products and Services

Centenary Bank has a variety of banking products which include, deposit products, credit products, personal & business loans, agriculture financing, e-banking products and other services including money transfer, mobile money, e-payments, safe custody and treasury bills/bonds dealership service.

To deliver as a socially responsible bank Centenary participates in four main areas:

  • Education, where we the bank’s has a financial literacy series for small and medium enterprises (SMEs), women and young people;
  • Health, where the bank participates in breast, cervical and prostate cancer awareness and screening exercises all over the country in a campaign called ‘Bridging the Cancer Gap’;
  • Donations to worthy causes in different communities, which include nutrition, youth programs, child health;
  • Centenary Bank also supports the Social Mission of the Church by funding various church programmes.

Key figures for Centenary Bank

* Figures in USD million
** Based on local currency
Total Assets858749648591598
Funds Under Management00000
Total Assets and FUM Growth (One Year)**858749648591598
Total Assets and FUM Growth (One Year, Local Currency)17.17%16.86%17.29%20.62%11.41%
Loans (net)398369349306304
Loans to Total Assets46.3%49.3%53.9%51.7%50.8%
Loan Growth (One Year)**10.05%7.02%22.30%22.78%23.59%
Client FundingN/A529455413429
Client Funding to Total AssetsN/A70.6%70.2%69.9%71.8%
Client Funding Growth (One Year)**N/A17.49%17.85%17.45%21.66%
Equity to Total Assets20.3%20.6%20.9%20.3%19.4%
Tier 1 Capital Ratio31.0%30.0%25.9%23.8%29.4%
Total Revenue138.5129.8127.8110.7111.8
Net Income29.028.132.531.728.7
Return on Assets3.7%4.0%5.1%5.6%4.8%
Return on Equity17.9%19.4%24.8%28.3%25.9%
Cost to Income RatioN/A64.4%62.3%59.6%62.8%