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The purpose of the study was to examine the effect of risk management on the financial performance of CentenaryBank Masindi Branch, Masindi District. The specific objectives were to find out the determinants of financialperformance in Centenary Bank Masindi branch, to establish risk management practices at the centenary bank, andto establish the relationship between risk management and Organization performance. From the findings of thestudy, the determinants of financial performance at centenary bank Masindi branch were rate of return oninvestments, liquidity determines, business expansion profitability, and quality service delivery respectively. Riskmanagement practices were adequate risk management process, the tone from the top, strategic planning, industrialvisibility communication, clear risk management policies, continuous monitoring, and, stakeholder involvement.Furthermore, the findings of the study revealed that there is a positive relationship between risk management andthe performance of Centenary Bank Kabalagala Branch of 81% based on the average index of 4.05, and correlationanalysis also revealed that there is a strong positive linear relationship between risk management and financialperformance of 0.85. This means that as risk management improves, the financial performance of the CentenaryBank Masindi branch improves by 85%. The study recommended that the management improvement on the qualityof service delivery is a core determinant of financial performance since it was accepted with the least percentage, themanagement should greatly improve on stakeholder involvement as this risk management practice was agreed withthe least percentage in the study and that management should employ more risk management practices as thefindings of the study revealed that risk management improves the performance of centenary bank Masindi branch