Centenary Bank, a leading financial institution in Uganda, hosted the Global Alliance for Banking on Values (GABV) Annual Meeting at Speke Resort Munyonyo.
The event brought together delegates from over 70 countries, including more than 40 CEOs of financial institutions, heads of development finance institutions (DFIs), and other key stakeholders in the banking sector.
Fabian Kasi, Managing Director of Centenary Bank, emphasised the need for financial institutions to go beyond traditional banking practices and focus on sustainable development.
“Banks should not just collect and lend money; we must consider how our services impact customers and the environment. Sustainability is key—not only for the banking business but also for the enterprises of our customers,” he stated.
The meeting underscored the importance of redefining banking to align with values that promote financial inclusion, environmental sustainability, and social impact. Participants discussed strategies for ensuring that financial institutions operate responsibly, support their customers’ long-term growth, and contribute to global sustainability goals.
Representing Uganda’s Ministry of Finance, Bob Bonabo Munene delivered a speech on behalf of Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury.
“To build a resilient financial future, regulations must be informed by all available data. The banking industry plays a critical role in stabilizing the financial system to prevent vulnerabilities that could impact the entire economy,” he said.
Munene highlighted the need for both micro and macro-level supervision to ensure financial stability and inclusive economic growth.
Lana Abu-Hijleh, Board Member of the Bank of Palestine, shared insights into her bank’s journey since its establishment in Gaza in the 1960s.
“Inclusivity is embedded in our DNA—47% of our workforce consists of highly skilled, educated women. We have endured political and security crises, yet we remain committed to serving the people and upholding human values,” she said.
She stressed the importance of partnerships and alliances in navigating crises and fostering resilience in banking.
Cynthia Ikponwosa from Lapo Microfinance Bank echoed similar sentiments, stating, “For us, banking is not just about profits; it’s about the people, the community, and the contributions we make to improve livelihoods.”
Paul Thomas, CEO of ESAF Bank in India, also shared his perspective, highlighting Africa’s role in shaping global banking practices.
“We have a lot to learn from Africa. At ESAF, we believe in human empowerment, and we recognize the resilience that women bring to financial institutions,” he said.
Thomas noted that one of the most common concerns among customers is asset protection, reinforcing the need for financial institutions to provide guidance and long-term security solutions.
The GABV Annual Meeting continues through March 14, with discussions focused on innovative financial models, responsible banking, and strategies to bridge the gap between profit-driven banking and sustainable economic development.
The event was attended by notable figures, including Prof. John Ddumba, Chairman of Centenary Group, Gustavio Bwochi, Chairman of Centenary Bank’s Board, and Fabian Kasi, Managing Director of Centenary Bank.
As the world shifts towards value-based banking, Uganda’s Centenary Bank has positioned itself at the forefront of this transformation, championing responsible financial practices that benefit both people and the planet.
