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Uganda Development Bank (UDB) declared Sustainability-Certified Financial Institution

1st October 2020

Karlsruhe, Germany. 30th of September 2020 – His Excellency Marcel R. Tibaleka, Ambassador of Uganda in Germany received the Sustainability Certification on behalf of the Bank in Germany.

“I join the board, executive management and staff of UDBL in celebrating this outstanding achievement. Our goal has been to make UDBL highly effective and one of the most professional institutions, not only in Uganda, but in the world so it can serve the people of this country with highest degree of integrity and professionalism.  It is an important moment for the bank and for the country” said Minister Kasaija.

UDBL achieved level 5 which marks the highest level of compliance making the Bank a truly sustainable financial institution ready to become a leader in financing the national development agenda and implementation of the global Sustainable Development Goals in Uganda.

The bank has undergone a rigorous process over the past 18 months to fulfil the sustainability certification criteria, which includes building sustainable governance and management structures and establishing a culture of innovation which is indispensable for the Bank so it can play a key role in transforming Ugandan economy, making it competitive in the international markets and creating decent economic opportunities for the people while preserving the environment.

Governor Mutebile congratulated the Managing Director UDBL Mrs. Patricia Ojangole and added “you have done an extraordinary job and made us proud by creating Uganda’s first Sustainability-Certified Financial Institution.”

According to Ojangole, the bank’s official purpose of its existence is to improve the quality of life of Ugandans. “This is why we are here; this is our purpose, and we will do our best to achieve this mission. Today is the day to celebrate our success of becoming sustainability certified, but from tomorrow we will be back to work with more motivation and encouragement and work tirelessly to deliver on our promise.”

As part of the Sustainability Certification process, UDBL developed its structures and systems to deploy all resources at its disposal for reducing poverty, building a sustainable food system and industrializing Uganda in a socially inclusive and environmentally friendly manner. It has streamlined its product portfolio and has developed a robust stakeholder management plan to create win-win partnerships to achieve these goals.

About Uganda Development Bank

Uganda Development Bank Ltd is a Development Finance Institution (DFI) focused on Accelerating socio-economic development through sustainable financial interventions in line with the country’s development priorities.

We provide innovative financial solutions with emphasis on value chain development in the Primary Agriculture, Agro-industrialization, Manufacturing, Infrastructure, Tourism & Hospitality, Human Capital Development

For more information, please contact 0414-355509 or email address; wdff_2020@udbl.co.ug

 

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