Global Alliance for Banking on Values Commends Centenary Bank

The Global Alliance for Banking on Values (GABV), has commended Centenary Bank for adopting transformative solutions that will aide in creating a sustainable finance eco system

The Executive Director, Martin Rohner made the remarks during a meeting with Centenary Bank, Managing Director, Fabian Kasi in Kampala,  embarking on a one-week courtesy visit of financial institutions within the East African region to interest more Banks into joining the GABV.

Speaking about GABV, he noted that it is about putting finance at the service of people and the planet adding that 2007 – 2008 Global Financial Crisis led to the emergence of a people-centered banking model focused on the real economy and their community’s needs .

Fabian Kasi said, “We are in the business of serving our communities with the various products and services we offer. It is therefore only right that through these services provided we foster positive change or impact to the people and the environment through sustainably friendly solutions.”

He revealed that Centenary Bank was the country’s largest microfinance institution, adding that Uganda was the first African member Bank of the Global Alliance for Banking on Values and continues to live by the principles which came in handy during the Covid-19 pandemic.

“I can proudly say that Centenary Bank has embedded the culture of transparency, long term resilience, which stood the test of COVID-19, customer centricity, to mention but a few, all of which are principles of value-based banking.” Kasi noted, amidst calls to other financial institutions to subscribe to the organization and values based banking which ultimately reflects on the output of the organization.

GABV is a network of independent banks using finance to deliver sustainable economic, social and environmental development. Through GABV, several financial institutions have intentionally served their communities while enriching the finance eco system.  

To date they have 70-member banks, collectively serving 60 million customers, with over USD 200 billion of combined assets under management, and supported by 80,000 co-workers.

GABV has a network of 70+ members from 40+ countries across Africa, Latin America, Asia-Pacific, North America and Europe mostly microfinance institutions with the sole aim and purpose of developing leaders, advocating for change and catalyzing collaborations across regions in the banking industry.