Breaking News

World Health Organization Declares Nigeria Ebola-Free

Bank of Baroda Uganda Six-Month Net Climbs 40% as Loans Increase

Bank of Baroda (BOB)’s Ugandan unit said six-month net income surged 40 percent from a year earlier as loans and deposits grew.

Profit rose to 17.9 billion shillings ($7.2 million) from 12.8 billion shillings a year earlier, the Kampala-based Bank of Baroda Uganda Ltd. (BOBU) said in an advertisement published today in New Vision newspaper.

Loans increased 30 percent to 293.2 billion shillings, and deposits climbed 13 percent to 435.3 billion shillings.

To contact the reporter on this story: Fred Ojambo in Kampala at

To contact the editor responsible for this story: Paul Richardson at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.