Uganda Development Bank has won two awards at the Annual FiRe awards 2019. The theme for the awards this year was Integrated Reporting: Redefining Organisational Success.
The awards won include:
2019 Excellent Financial Reporting – Silver Award (Report of the Year)
2019 Financial Reporting Banking Services – 2nd runner up
Particularly noteworthy is the Silver Award for Report of the Year which is a step up from 2018 when the Bank won the Bronze Award.
UDB has been consistently recognized for outstanding performance and adoption of good practice in Financial Reporting. This showcases the Bank’s commitment to Excellence in all aspects of its operations.
The FiRe Awards is organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in partnership with the Capital Markets Authority, the Uganda Securities Exchange and the New Vision. The objective is to enhance the quality of financial and business reporting in Uganda by encouraging the implementation of international financial reporting standards as well as best practices in financial reporting. The Awards were introduced in 2011.