Skip to content
The African Exponent DATA
Resources

Review pending. Every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Bank of Baroda Uganda

BOBU · Uganda Securities Exchange · Incorporated in Uganda · Company statements

On this page
Company details
Legal name
Bank of Baroda (Uganda) Limited
Incorporated in
Uganda
Listing
BOBU on the Uganda Securities Exchange, active · ISIN UG0000000055 (observed 2026-10-06)
Sector
Banking (our classification from the stated principal activity)
Activity
Commercial banking services in Uganda.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    UGX 232 billion

    231,768,360 UGX thousands · p40

    Change not shown.

    Interest income less interest expense, as printed.

  • Profit / (loss) for the year

    UGX 157 billion

    156,835,853 UGX thousands · p40

    Change not shown.

  • Total assets

    UGX 3.50 trillion

    3,497,832,780 UGX thousands · p41

    Change not shown.

  • Customer deposits

    UGX 2.52 trillion

    2,520,963,701 UGX thousands · p41

    Change not shown.

  • Total equity

    UGX 911 billion

    911,179,423 UGX thousands · p41

    Change not shown.

Large amounts are rounded for reading (UGX million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Not shown: the two years come from different filings.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in UGX thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; reported for the year · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, UGX thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Interest income calculated using the effective interest method 352,647,239 312,745,111 263,042,344
Interest expense calculated using the effective interest method (120,878,879) (115,978,357)1 (85,176,799)
Net interest income 231,768,360 196,387,254 177,462,199
Non-interest income 26,911,244 35,078,7682 34,526,871
Operating expenses (51,937,550) (49,120,908)3 (48,687,891)
Expected credit losses (2,837,233) (9,701,272) (9,553,025)
Profit before tax 203,904,821 172,643,842 153,748,154
Income tax charge (47,068,968) (38,690,624) (37,381,989)
Profit for the year 156,835,853 133,953,218 116,366,165
Fair value gain/(loss) on investment in government securities at FVTOCI (net of tax)45 10,850,467 (5,255,513) 10,418,724
Reclassified to profit or loss of fair value differences on investments in government securities at FVTOCI (net of tax)67 372,320 (227,820) (2,973,492)
Reversal of deferred tax asset8 (4,495,361) Not reported in this filing109 Not reported in this filing10
Net other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods, net of tax1112 6,727,426 (5,483,333) 7,445,232
Other comprehensive income/ (loss) for the year, net of tax13 6,727,426 (5,483,333) 14,389,484
Total comprehensive income for the year, net of tax 163,563,279 128,469,885 130,755,649
Other interest and similar expense14 Not reported in this filing15 (379,500) (403,346)
Gain on revaluation of property, net of tax16 Not reported in this filing17 –18 6,944,252
Net other comprehensive income that will not be reclassified to profit19 Not reported in this filing20 –21 6,944,252
  1. Printed “-”, read as nil: subtotal_arithmetic: is.native.co_0kjhcjsbhk8e.oci_not_reclassifiable.
  2. Printed “-”, read as nil: subtotal_arithmetic: is.other_comprehensive_income.
Notes and alternative reported figures (19)
  1. Annual report dated 2026-03-30 prints (116,357,857) (thousands, p40) for this line and year.
  2. Annual report dated 2026-03-30 prints 33,533,022 (thousands, p40) for this line and year.
  3. Annual report dated 2026-03-30 prints (47,575,162) (thousands, p40) for this line and year.
  4. “Fair value gain/(loss) on investment in government securities at FVTOCI (net of tax)” is an issuer-specific line, not mapped to a shared definition: Note 12; OCI.
  5. Printed under different labels across filings: “Fair value (loss)/ gain on investment in government securities at FVTOCI (net of tax)”; “Fair value gain/(loss) on investment in government securities at FVTOCI (net of tax)”.
  6. “Reclassified to profit or loss of fair value differences on investments in government securities at FVTOCI (net of tax)” is an issuer-specific line, not mapped to a shared definition: Note 12; OCI.
  7. Printed under different labels across filings: “Reclassified to profit or loss of fair value differences on”; “Reclassified to profit or loss of fair value differences on investments in government securities at FVTOCI (net of tax)”.
  8. “Reversal of deferred tax asset” is an issuer-specific line, not mapped to a shared definition: Note 12; OCI.
  9. Annual report dated 2026-03-30 presents this line for this year: - (p40). Not shown in this column, which follows one filing's presentation.
  10. Not reported in this filing: The 2024 report (PDF p36) prints no reversal-of-deferred-tax line in other comprehensive income.
  11. “Net other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods, net of tax” is an issuer-specific line, not mapped to a shared definition: Note 12; OCI subtotal.
  12. Printed under different labels across filings: “Net other comprehensive (loss)/ gain that may be reclassified to profit or loss”; “Net other comprehensive income/(loss) that may be reclassified to profit or loss in subsequent periods, net of tax”.
  13. Printed under different labels across filings: “Other comprehensive (loss)/ income for the year, net of tax”; “Other comprehensive income/ (loss) for the year, net of tax”.
  14. “Other interest and similar expense” is an issuer-specific line, not mapped to a shared definition: Note 6(b).
  15. Not reported in this filing: The 2025 statement (PDF p40) prints interest expense as one line.
  16. “Gain on revaluation of property, net of tax” is an issuer-specific line, not mapped to a shared definition: Note 20; OCI, not reclassifiable.
  17. Not reported in this filing: The 2025 statement (PDF p40) prints no revaluation line in other comprehensive income.
  18. “Net other comprehensive income that will not be reclassified to profit” is an issuer-specific line, not mapped to a shared definition: OCI subtotal.
  19. Not reported in this filing: The 2025 statement (PDF p40) prints no non-reclassifiable OCI subtotal.

Balance sheet

Balance sheet, UGX thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Cash and balances with Bank of Uganda 454,311,472 198,984,257 215,775,055
Investment in government securities 1,131,690,766 971,761,128 874,105,477
Due from group companies1 2,322,942 3,824,254 2,626,525
Deposit due from other banks 241,273,142 409,569,749 424,676,491
Loans and advances to customers 1,614,297,708 1,447,004,620 1,239,882,695
Other assets 13,710,916 7,071,198 6,539,911
Current income tax recoverable 1,338,940 1,837,183 1,766,456
Intangible assets 2,401 38,789 39,489
Property, equipment and right-of-use assets2 33,097,538 34,258,975 36,438,472
Deferred tax asset 5,786,955 8,596,043 2,937,775
TOTAL ASSETS 3,497,832,780 3,082,946,196 2,804,828,346
Share capital 150,000,000 150,000,000 150,000,000
Revaluation reserve 12,434,788 13,089,250 13,778,158
Fair value reserve (3,761,750) (10,489,176) (5,005,843)
Proposed dividend3 90,000,000 60,000,000 30,000,000
Retained earnings 662,506,385 595,016,070 520,078,698
Total equity 911,179,423 807,616,144 708,851,013
Customer deposits 2,520,963,701 2,204,853,439 2,024,941,979
Borrowed funds 15,098,557 18,903,359 14,322,590
Other liabilities 50,591,099 51,573,254 56,712,764
Total liabilities 2,586,653,357 2,275,330,052 2,095,977,333
TOTAL EQUITY AND LIABILITIES 3,497,832,780 3,082,946,196 2,804,828,346
Disposal group assets4 Not reported in this filing5 –6 40,000
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
Notes and alternative reported figures (5)
  1. “Due from group companies” is an issuer-specific line, not mapped to a shared definition: Note 13: balances with Bank of Baroda group entities.
  2. “Property, equipment and right-of-use assets” is an issuer-specific line, not mapped to a shared definition: Note 19; one combined line.
  3. “Proposed dividend” is an issuer-specific line, not mapped to a shared definition: Note 21: proposed dividend held in equity until approved.
  4. “Disposal group assets” is an issuer-specific line, not mapped to a shared definition: Note 11.
  5. Not reported in this filing: The 2025 statement of financial position (PDF p41) prints no disposal-group line.

Cash flow

Cash flow, UGX thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Operating cash flows before lease interest and tax (unlabelled subtotal)1 (93,286,381) 86,898,150 (9,437,255)
Interest paid on lease (350,501) (227,705) (244,989)
Income tax paid (48,256,998) (41,774,373) (39,935,560)
Net cash flows (used in)/ from operating activities2 (141,893,880) 44,896,072 (49,617,804)
Purchase of intangible assets –3 (3,000) (8,400)
Purchase of property and equipment, excluding right-of-use assets (1,906,774) (796,204) (2,341,408)
Proceeds from disposal of equipment 53,762 36,956 47,636
Net cash flows used in investing activities (1,853,012) (762,248) (2,302,172)
Dividends paid (60,000,000) (30,000,000) (30,000,000)
Lease payments - principal (1,271,126) (1,420,300) (1,310,776)
Net cash flows used in financing activities (61,271,126) (31,420,300) (33,405,921)
Net (decrease)/increase in cash and cash equivalents4 (205,018,018) 12,713,524 (85,325,897)
Cash and cash equivalents at 1 January 560,992,906 548,242,735 630,843,752
Effect of exchange rate differences 110,359 36,647 2,724,880
Cash and cash equivalents at 31 December 356,085,247 560,992,906 548,242,735
Costs paid on bonus share issue5 Not reported in this filing6 –7 (2,095,145)
  1. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_investing.
  2. Printed “-”, read as nil: subtotal_arithmetic: cf.cash_from_financing.
Notes and alternative reported figures (5)
  1. “Operating cash flows before lease interest and tax (unlabelled subtotal)” is an issuer-specific line, not mapped to a shared definition: Direct-method subtotal of receipts, payments and working-capital changes, printed without a label.
  2. Printed under different labels across filings: “Net cash flows (used in)/ from operating activities”; “Net cash flows from/(used in) operating activities”.
  3. Printed under different labels across filings: “Net (decrease)/increase in cash and cash equivalents”; “Net increase/(decrease) in cash and cash equivalents”.
  4. “Costs paid on bonus share issue” is an issuer-specific line, not mapped to a shared definition: Note 22; financing activities.
  5. Not reported in this filing: The 2025 cash-flow statement (PDF p42) prints no bonus-issue-costs line.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), as reported for the year; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportreported for the yearFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 10.46 8.93 7.76
Weighted average shares (shares)2 15,000,000 thousand 15,000,000 thousand 15,000,000 thousand
Notes and alternative reported figures (2)
  1. Earnings / (loss) per share: printed as “Basic and diluted earnings per share”.
  2. Weighted average shares: printed as “Weighted average number of ordinary shares at year-end ('000)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval The Directors recommend the approval of a dividend for the year ended 31 December 2025 of UShs 90 billion or UShs 6 per share no amount Annual report, p37
31 Dec 2025 Dividend proposed per share, as printed in a statement Dividend recommended for the year, per share 6 UGX per share Annual report, p37
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (60,000,000) UGX thousands Annual report, p42
31 Dec 2024 Dividend recommended, subject to shareholder approval The Directors recommend the approval of a dividend for the year ended 31 December 2024 of UShs 60 billion no amount Annual report, p32
31 Dec 2024 Dividend proposed per share, as printed in a statement Dividend recommended for the year, per share 4 UGX per share Annual report, p32
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (30,000,000) UGX thousands Annual report, p38
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid (30,000,000) UGX thousands Annual report, p38

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Bank of Baroda (Uganda) Limited Annual Report and Audited Financial Statements for the year ended December 31, 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Ernst & Young (Uganda), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young; engagement partner CPA Julius Rwajekare (P0307)

    Final status: Auditor's report names the engagement partner and is dated 30 March 2026 (PDF p40); statements approved by the board on 04 March 2026 (PDF p41). A four-page summary of these results is on the USE site (uploads/f5db74fc-….pdf); not used.

    Document date
    30 Mar 2026
    Auditor's report
    30 Mar 2026
    Board approval
    4 Mar 2026
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025
    Basis
    company statements · UGX thousands (printed “UShs'000”)
    • Its 2024 comparatives differ from the FY2024 annual report without being labelled restated or reclassified, and neither report explains the change. Interest expense: (116,357,857) here (PDF p40) is the FY2024 report's interest expense (115,978,357) plus its separate 'other interest and similar expense' (379,500), which that report's note 6 also totals at 116,357,857. Non-interest income: 33,533,022 here against 35,078,768, and operating expenses: (47,575,162) against (49,120,908); both differ by 1,545,746. In note 7 the non-interest income difference is in fees and commission income (10,023,603 here against 11,569,349); the operating-expense line that changed is not identified. Profit before tax is unchanged. The profile's 2024 column follows the FY2024 report; these figures are kept beside it.
    • Two printed pages per PDF page; page references are PDF pages. On PDF p41 the statement of changes in equity prints the equity column headings before the statement of financial position, so equity lines are identified by occurrence.
    Technical details
    File
    84 pages, with a text layer
    SHA-256
    052dc39cb7075d41833b2b9dda8ca299a09a6c8cdd4ca6e0b73eb88051ee5879
    Entity as printed
    Bank of Baroda (Uganda) Limited
    Issuer copy
    retrieved 2026-10-06T23:55:58Z

  • Bank of Baroda (Uganda) Limited Annual Report 2024

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Ernst & Young (Uganda), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young; engagement partner CPA Julius Rwajekare (P0307)

    Final status: Auditor's report names the engagement partner and is dated 28 March 2025 (PDF p36); statements approved by the board on 28 February 2025 (day and month handwritten, PDF p37 page image) and signed by four directors.

    Document date
    28 Mar 2025
    Auditor's report
    28 Mar 2025
    Board approval
    28 Feb 2025
    Retrieved by us
    6 Oct 2026 (not a publication date)
    Used for
    statement columns FY2024, FY2023
    Basis
    company statements · UGX thousands (printed “UShs'000”)
    • The 2025 report re-presents 2024: interest expense shown as one line (116,357,857 = 115,978,357 + 379,500), non-interest income 33,533,022 (this report 35,078,768) and operating expenses 47,575,162 (this report 49,120,908), a 1,545,746 reclassification between the two.
    • Two printed pages per PDF page; page references are PDF pages.
    • Baroda Capital Markets (Uganda) Limited was dissolved on 29 November 2024; from 2024 the Bank prepares only separate financial statements (PDF p38).
    Technical details
    File
    73 pages, with a text layer
    SHA-256
    be2780632bbdf5230ec0534e3d00ecc85611d35202f0ae6a8a7686b984ef9188
    Entity as printed
    Bank of Baroda (Uganda) Limited
    Issuer copy
    retrieved 2026-10-06T23:58:02Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

Download

Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

Uganda country page · Company methodology and coverage