ECONOMIC RESILIENCE THROUGH SUSTAINABLE DEVELOPMENT FINANCE ANNUAL REPORT 2020 — Uganda Development Bank Ltd Plot 6 Nakasero Road Rwenzori Towers, 1st Floor, Wing B, P.O Box 7210, Kampala, Uganda Tel: +256 (0) 414 355 550, (0) 312 355 500 Website: www.udbl.co.ug Email:
[email protected] ii 2020 Annual Report |
[email protected] | www.udbl.co.ug 2020 Annual Report |
[email protected] | www.udbl.co.ug 1 TABLE OF CONTENTS ORGANIZATIONAL STRUCTURE 27 ABBREVIATIONS & ACRONYMS 2 ENGAGING OUR STAKEHOLDERS 28 UGANDA DEVELOPMENT DEFINITIONS 3 “ BANK HAS CONTINUED GOVERNANCE 39 OUR MANDATE 4 TO BE A TRUSTED AGENCY CHAIRMAN’S STATEMENT 40 PURPOSE STATEMENT 4 IN IMPLEMENTING KEY BOARD OF DIRECTORS 43 HIGH IMPACT GOALS 4 STRATEGIC INITIATIVES OF MANAGING DIRECTOR’S STATEMENT 44 MINISTER OF FINANCE FOREWORD 5 GOVERNMENT, ESPECIALLY IN THE EXECUTIVE TEAM 50 AVAILING CREDIT TO FINANCE KEY PRIORITY SECTORS 6 GOVERNANCE STATEMENT 51 PRIVATE INVESTMENTS IN KEY KEY LENDING TERMS 6 SECTORS OF THE ECONOMY AT AFFORDABLE INTEREST RATES. CROSS-CUTTING PRIORITIES 7 EXECUTIVE COMMITTEE 52 Hon. Matia Kasaija, Minister of Finance, Planning & Economic Development COMPANY OVERVIEW 11 OPERATING ENVIRONMENT 83 BANK’S FOOTPRINT 12 SUSTAINABILITY REPORT 91 WHO WE ARE 13 PERFORMANCE OVERVIEW 94 OUR FUNDING MODEL 15 FINANCIAL SUSTAINABILITY 117 OUR BUSINESS MODEL 16 HUMAN CAPITAL 125 SUSTAINABILITY STRATEGY 24 FINANCIAL STATEMENTS 131 ii 2020 Annual Report |
[email protected] | www.udbl.co.ug 2020 Annual Report |
[email protected] | www.udbl.co.ug 1 2 2020 Annual Report |
[email protected]