The story
The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by Simeon Lutaakome, Hugh Francis Pulle, Paul Kateregga, Vincent Kirabo kya Maria, Emmanuel Mpande, and John Ogutu. In 1985, CRDT began to provide financial services to the public. The bank became a fully licensed commercial bank in 1993, after receiving a license from the Bank of Uganda. As of May 2016, Centenary Bank was the largest majority indigenous Ugandan commercial bank.
In May 2009, John Giles left the seat of Managing Director after three years at the position.The current Managing Director is Fabian Kasi In 2011, the Centenary Bank launched a program with the World Bank Group to develop loans in the Ugandan agricultural sector.
In 2017, Centenary launched on a new core banking platform developed by the Greek company Intrasoft International S.A. and signed a partnership with Mastercard to develop a broad suite of new mobile banking solutions. In December 2017, the Centenary Bank signed a deal with WorldRemit to allow transfer from the remittance service. In May 2020, the bank launched instant paperless accounts for the unbanked Ugandan population.
In March 2023, Centenary Rural Development Bank acquired MyBucks Bank Malawi, hence becoming Centenary Bank Malawi, with over eight branches in the country.
From Wikipedia’s article on Centenary Bank, shared under CC BY-SA 4.0.4
