Uganda: Baroda Forecasts Good 2007

Kampala — Bank of Baroda Uganda (BOBU) has forecast a good 2007 amid prevailing challenges brought on by an energy crunch that is hitting profits across all sectors of the economy.

Mr. KK Shukla, the bank's managing director told the press in Kampala last week that the company's net profit after tax grew by 12.2% during the year 2006 at Ush8.02b on the back of impressive growth of 38.9% in interest income and advances.

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