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UDBL Rated the Best Performing African DFI

Uganda Development Bank Limited bags yet another international award. The Bank was classified with an A+ rating and emerged Best performing African institution during the 8th peer review of the Association of African Development Finance Institutions (AADFI). This was through a thorough assessment where 38 member institutions participated and only 25 of scored above the 80% mark for the best performance in the areas of; operations, finance and governance.

This was announced by the Review consultant, Mr. Paul Yuma Morisho and approved at the 89th Meeting of the AADFI Executive Committee conducted on 22nd October, 2018 in Kyrenia, North Cyprus at The International CEO Forum 2018.

Uganda Development Bank, the only Development Finance Institute in the country emerged as one of the top development banks especially for their good governance in East-Africa and Africa in general. Uganda Development Bank Limited recognizes the importance of adopting best practice in corporate governance, particularly in light of the fact that the legal and regulatory environment governing the financial sector in Uganda is rapidly evolving against the backdrop of the ever-changing trends in the global financial environment.