CERUDEB profits up sh7 billion

Dec 18, 2006

CENTENARY Rural Development Bank (CERUDEB) profits hit sh7.5b as of November, Henry Kibirige, a director, said last week.

By Charles Bwogi

CENTENARY Rural Development Bank (CERUDEB) profits hit sh7.5b as of November, Henry Kibirige, a director, said last week.

Kibirige attributed the performance to staff professionalism and customer loyalty.

He was speaking during the end-of-year staff party at Didi’s World near Kampala.

Simon Kagugube, the executive director, disclosed that the bank had committed efforts in product innovation.

He added that the development was targeted at different customer groups.

The party also marked the coming in of the new managing director, John Giles.

Giles replaced Hung Linh who retired last year.

The bank also recognized employees from different branches, for exemplary performance.

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