Business
Fabian Kasi bids farewell to Centenary Bank after 16 years at the helm
Dr Kasi has overseen a remarkable transformation, with total assets growing from sh944b to sh8.6 trillion and customer deposits increasing from sh694b to sh5.27 trillion.
Centenary Bank, Managing Director, Dr Fabian Kasi (left) speaking to journalists at Serena Hotel on Thursday. (Photo by Aloysious Kasoma)
By: Aloysious Kasoma, Journalist @New Vision
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After 16 years at the helm of Centenary Bank, Managing Director Dr Fabian Kasi has bid farewell to the institution, leaving behind a remarkable legacy of growth, transformation, and financial inclusion that has cemented the bank’s position as Uganda’s largest indigenous commercial bank.
Dr Kasi has overseen a remarkable transformation, with total assets growing from sh944b to sh8.6 trillion and customer deposits increasing from sh694b to sh5.27 trillion.
Speaking to journalists at the Serena Hotel on Thursday, he said that under his leadership, the bank recorded 21% asset growth in 2025 and earned the trust of more than 3.4 million customers.
When Dr Kasi took over as leader in 2010, Centenary Bank was a modest institution with assets of about sh1 trillion, 37 branches, and fewer than 1 million customers. Today, as he exits, the bank boasts assets exceeding sh9 trillion, a nationwide network of 82 branches, over 9,000 banking agents, and serves more than three million customers across Uganda.
Speaking during his farewell engagement, Dr Kasi described the bank’s journey in three words: growth, transformation, and impact.
“We started with a vision of making banking accessible to ordinary Ugandans, especially farmers and communities that had traditionally been excluded from formal financial services. Today, we have built an institution that serves millions and continues to transform lives,” he said.
Under his stewardship, Centenary Bank significantly expanded its lending portfolio, increased customer deposits, and invested heavily in digital banking platforms. The bank introduced mobile and internet banking services, allowing customers to transact from anywhere in the country, while also strengthening its agency banking network to deepen financial inclusion.
Dr Kasi noted that beyond the impressive financial figures, the greatest achievement was earning and maintaining the trust of customers.
“The most important commodity a bank sells is trust. Our success has been built on the confidence customers have placed in us over the years,” he said.
Speaking during his farewell engagement, Dr Kasi described the bank’s journey in three words: growth, transformation, and impact.
“We started with a vision of making banking accessible to ordinary Ugandans, especially farmers and communities that had traditionally been excluded from formal financial services. Today, we have built an institution that serves millions and continues to transform lives,” he said.
Under his stewardship, Centenary Bank significantly expanded its lending portfolio, increased customer deposits, and invested heavily in digital banking platforms. The bank introduced mobile and internet banking services, allowing customers to transact from anywhere in the country, while also strengthening its agency banking network to deepen financial inclusion.
Dr Kasi noted that beyond the impressive financial figures, the greatest achievement was earning and maintaining the trust of customers.
“The most important commodity a bank sells is trust. Our success has been built on the confidence customers have placed in us over the years,” he said.
His tenure also saw the bank strengthen partnerships with government agencies, development partners, and international institutions, enabling it to support women, youth, farmers, and small businesses through tailored financial solutions.
As Centenary Bank prepares for a new chapter under fresh leadership, Dr Kasi expressed confidence in the institution’s future, saying the strong foundation built over the past 16 years will ensure continued growth and impact for generations to come.
As Centenary Bank prepares for a new chapter under fresh leadership, Dr Kasi expressed confidence in the institution’s future, saying the strong foundation built over the past 16 years will ensure continued growth and impact for generations to come.