Theme: Transforming lives; fostering a meaningful future for Ugandans.

Uganda Development Bank Ltd (UDB) announced its 2023 annual performance results, demonstrating its continued impact in promoting economic growth and resilience across key sectors while remaining steadfast in its mission to support Uganda’s sustainable development and prosperity.

According to Ms. Patricia Onjangole, Managing Director of UDB, in 2023, the Bank approved UGX691.8 billion and disbursed UGX610 billion, demonstrating a dedicated approach to supporting private business growth.

UDB remains committed to fostering inclusive economic growth through strategic investments in sectors that drive sustainable development and job creation across Uganda. The bank’s focus on key priority sectors underpins its mission to deliver high socio-economic value and support Uganda’s long-term development goals.