President Yoweri Museveni commissioned Centenary Bank Branch in Kisoro Municipality in South Western Uganda.
President Museveni congratulated the Catholic Church on the project of the Centenary Bank and donated Shs.200 million towards the bank.
Rev. Fr. Bazimenyera John, Kisoro Parish Priest, thanked President Museveni for the peace in the country and creating enabling policies and environment for businesses to prosper.
Prime Minister, Dr. Ruhakana Rugunda, State Minister for Water, Hon. Ronald Kibuule and Inspector General of Police, Gen. Kale Kayihura, among others, attended the ceremony.
Centenary Bank General Manager in charge of operations, Mr. Joseph Kimbowa, said that the bank is committed to improving the livelihoods of the people of Kisoro in a sustainable manner and in accordance with the law.
The Bank’s branch in Kisoro opened in 2012, and today serves over 8,000 customers with over 1000 borrowers.
Centenary Rural Development Bank Ltd started as an initiative of the Uganda National Lay Apostolate in 1983 as a credit Trust and it begun operations in 1985 with the main objective of serving the rural poor and contributing to the overall economic development of the country.
In 1993, Centenary Rural Development Bank Ltd was registered as a full service commercial Bank. Today, Centenary Bank is the leading Microfinance Commercial Bank in Uganda serving over 1.4 million customers.
“The results of the 2015 Bank of Uganda Financial survey indicate that there has not been a significant growth in the percentage of banked population; it has remained stagnant with the percentage ranging between 18 – 21 per cent. With this statistic in mind, Centenary Bank is diligently playing its part to increase the percentage of banked Ugandans,” he said.