The study aimed at investigating the impact of credit management on the financial performance of financial institutions in Uganda with a case study of centenary bank, Gulu branch and it was guided by the following objectives; To examine the effect of credit terms on financial performance of Centenary Bank, Gulu Branch, to analyse the effect of credit assessment on financial performance of Centenary Bank, Gulu Branch and to investigate the relationship between credit control and financial performance of Centenary Bank, Gulu Branch. Purposive sampling was used whereby the researcher used his own decision and experience to determine which employees have in-depth information to take part in the study. Thus, the selection of the respondents was based on the researchers understanding with the respondents’ possession of the required information. Therefore, purposive sampling was conducted for the top management staff of the bank branch. SAQs with one open ended question per section was designed for SME employees to give additional or express their mind while the rest was close-ended aimed at testing perception using a five-point likert scale measuring from Strongly Disagree as response 1, Disagree as response 2, Not sure as response 3 Agree as response 4 and Strongly Agree as response 5 for easy measurements of variables. From the findings, it shown that there was a strong relationship between credit financing and the growth of bank. At Pearson correlation coefficient r =0.669. The results as depicted from the table above (r2=0.669, P=0.035) suggest a positive and significant effect on credit financing on the growth of bank in Centenary bank. Financial institutions should put in a provision of loan repayment periods extension for the bank. More credit needs to be availed to the bank given their significant role in the economic growth and development.