Central Bank clears Baroda to pay dividends
The central bank gave its no-objection on June 26, 2025, clearing the way for payment to shareholders who were on the register at the close of business on July 30, 2025, the bank announced. The payout is expected to be made by August 20, 2025.
Central Bank clears Baroda to pay dividends
By Ali Twaha
Journalists @New Vision
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Listed Bank of Baroda on the Uganda Securities Exchange will pay a dividend of sh4 per share for the year ending December 31, 2024, after receiving clearance from the Bank of Uganda.
The central bank gave its no-objection on June 26, 2025, clearing the way for payment to shareholders who were on the register at the close of business on July 30, 2025, the bank announced. The payout is expected to be made by August 20, 2025.
Shareholders had approved the dividend at the bank’s annual general meeting held on June 12.
Baroda saw its net profit grow by over 15% to sh133.95b, up from sh116.37b in 2023. Total deposits rose by 8.88%, from sh2.02 trillion in 2023 to sh2.24 trillion. This increase was largely driven by the bank’s account opening campaigns and the introduction of alternative.