ABC Capital Bank Limited has once again announced a growth in profits, signaling a strengthening turnaround strategy anchored on sustained investment in digital transformation, product diversification, and enhanced corporate governance.The Bank recorded a 285% increase in profit after tax, rising to UGX 520 million in 2025, up from UGX 135 million in 2024. This recovery follows a period of volatility, including a reversal in 2023 when the Bank posted a loss of UGX 515 million.Profit before tax rose to UGX 702.8 million, compared to UGX 404.5 million in the previous year, reflecting improved operational performance and stronger earnings momentum.Net operating income increased to UGX 7.59 billion, supported by growth in interest income and stable non-interest income streams, indicating a more balanced and resilient revenue base.The Bank’s total assets expanded to UGX 60.8 billion, up from UGX 59.2 billion in 2024, while total equity strengthened to UGX 32.4 billion, reinforcing its capital position.ABC Capital Bank Executive Director Christopher Kabagambe said the results reflected disciplined execution of the Bank’s turnaround strategy.“This performance demonstrates the strength of our recovery path and the deliberate choices we have made to reposition the Bank for sustainable growth. We are seeing the impact of focused execution, stronger governance and a clear commitment to innovation,” Kabagambe said.He added that the Bank’s investments were beginning to deliver tangible value across key business lines.“Our focus on digital transformation and product diversification is not only improving efficiency but also expanding access to financial services for our customers. We remain committed to building a more resilient and future-ready institution”, he said. Kabagambe added that the financial results reflected improved discipline in cost management and balance sheet optimisation.“Beyond the growth in profitability, what stands out is the quality of earnings and the strengthening of our financial position. We have remained focused on efficient capital allocation, prudent risk management, and ensuring that every investment supports long-term value creation,” he said.During the year, the Bank made notable progress in executing its strategic priorities. It relocated to new, modern premises, a move aimed at enhancing customer experience and strengthening its corporate identity.As part of its digital transformation agenda, ABC Capital Bank rolled out a mobile lending platform designed to expand access to credit, broaden its product portfolio, and improve market reach.The Bank also introduced the Agricultural Credit Facility (ACF) to support the agricultural sector, deepen financial inclusion, and contribute to broader economic development.ABC Capital Bank further strengthened its governance framework through the appointment of additional independent non-executive directors, enhancing oversight and risk management capacity.The Bank maintained capital adequacy levels significantly above regulatory requirements, reflecting prudent risk management and a solid financial foundation.Looking ahead, ABC Capital Bank says it will continue to focus on digital innovation, product expansion, and strengthening its role in financing key sectors of the economy.The Bank remains committed to sustaining its recovery trajectory while delivering long-term value to customers, shareholders, and stakeholders.The post ABC Capital Bank reports a 285% increase in profit after tax as turnaround gains momentum appeared first on The Insider.