Absa’s net profit after tax grows to sh110b for year 2021

Absa posted sh40b in net profits in 2020. The nearly triple-digit growth was anchored on the reduction of its impairment charge as well as a growth in total revenues

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Mumba Kalifungwa, Chief Executive Officer, Absa Bank Uganda Limited. (Photo by Shamim Saad)
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Absa’s net profits after tax nearly tripled for the year ended December 2021 to sh110b, representing a 169% growth in profitability from the previous year. 

Absa posted sh40b in net profits