Michael K. Mugabi is the Managing Director of Housing Finance Bank
By Our Reporter
Housing Finance Bank has reported a 20 percent rise in net profit, reaching Shs 85.4 billion for the financial year ending December 31, 2025, up from Shs 71.1 billion the previous year. The performance was driven by broad-based growth across key balance sheet items and increased customer engagement.
The lender’s total assets grew by 15 percent to Shs 2.70 trillion, while customer deposits climbed 14 percent to Shs 1.95 trillion, signalling continued trust in the institution. Net loans and advances also expanded by 11 percent to Shs 1.20 trillion, supported by lending to households, SMEs, and productive sectors of the economy.
Strong operational performance
Board Chairperson Josephine N. Mukumbya attributed the improved results to disciplined governance and a resilient business model.
“On behalf of the Board, we are pleased with the Bank’s performance in 2025, which reflects the strength of our business model and our commitment to financing a sustainable future. This growth has been achieved responsibly within a strong governance and risk management framework aligned to our High Impact Goals,” she said.
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Michael K. Mugabi is the Managing Director of Housing Finance Bank
By Our Reporter
Housing Finance Bank has reported a 20 percent rise in net profit, reaching Shs 85.4 billion for the financial year ending December 31, 2025, up from Shs 71.1 billion the previous year. The performance was driven by broad-based growth across key balance sheet items and increased customer engagement.
The lender’s total assets grew by 15 percent to Shs 2.70 trillion, while customer deposits climbed 14 percent to Shs 1.95 trillion, signalling continued trust in the institution. Net loans and advances also expanded by 11 percent to Shs 1.20 trillion, supported by lending to households, SMEs, and productive sectors of the economy.
Strong operational performance
Board Chairperson Josephine N. Mukumbya attributed the improved results to disciplined governance and a resilient business model.
“On behalf of the Board, we are pleased with the Bank’s performance in 2025, which reflects the strength of our business model and our commitment to financing a sustainable future. This growth has been achieved responsibly within a strong governance and risk management framework aligned to our High Impact Goals,” she said.
Managing Director Michael K. Mugabi credited the performance to consistent execution of strategy and efficiency improvements across operations.
“The 2025 financial year demonstrates solid execution and steady progress in delivering on our purpose. Growth in our loan portfolio, enhanced operational efficiency, and deeper customer engagement all contributed to this performance,” Mugabi said. “Our solutions are increasingly relevant to individuals, households, and businesses across Uganda.”
Expanded reach
During the year, the bank reached more than 8 million Ugandans through digital lending channels. It also supported over 2,500 households with housing solutions, financed 4,200+ enterprises, and extended credit to more than 2,000 SACCOs under the Parish Development Model.
Key housing initiatives, including the Zimba Mpola Mpola scheme, continued to improve access to affordable home ownership. On the enterprise side, financing programmes such as the Agricultural Credit Facility and the Small Business Recovery Fund played a key role in supporting business recovery and expansion. The bank also channelled Shs 56 billion into agro-industrialisation initiatives.
Expansion and outlook
The bank increased its branch network to 21 locations, opening new outlets in Masaka, Soroti, and Nansana, while continuing to invest in digital banking platforms to improve service delivery.
It also strengthened its governance and security framework through ISO 27001:2022 certification and further embedded environmental, social, and governance (ESG) standards into its operations.
Looking ahead, Mugabi expressed confidence in sustained growth.
“With a strong balance sheet, a growing customer base, and a clear strategic direction, we are well-positioned to maintain our growth trajectory and deepen our impact,” he said
