By Martin Mugisha According to the Monetary Policy Report February 2022, the Bank of Uganda said that Private Sector Credit (PSC) growth lost momentum in the quarter to December 2021, due to the uncertainty over a pickup in economic activity, especially as the number of COVID-19 infections were on
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A delegation of Chinese businessmen and businesswomen in a group photo with dfcu bank staff dfcu Bank has a range of financing solutions made to serve both the short-term and long-term business needs of Chinese businesses in a range of industries, Godfrey Mundua, Head of Corporate Banking at dfcu Bank, has said.
Read MoreDFCU Posts Shs 9.3 Billion Net Profit In 2021 As Total Operating Income Registers 21% Growth
DFCU Chief Executive, Mathias Katamba DFCU Limited has announced a net profit of Shs 9.3 billion in 2021, down from Shs24.07bn recorded in 2020. According to figures released Thursday morning at Serena Hotel in Kampala, dfcu's total assets reduced to Shs3.13 trillion, down from Shs3.49 trillion recorded in 2020. The
Read MoreStanbic Bank Uganda Chief Executive, Anne Juuko Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn Ushs.269billion from Ush.242bn in 2020, driven mainly by strong growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its anchor subsidiary. Other subsidiaries
Read MoreStanbic Bank Uganda Chief Executive, Anne Juuko Stanbic Uganda has announced 11% growth in 2021. Announcing 2021 figures at Sheraton Hotel in Kampala on Wednesday, Ronald Mataka, the Ag. Chief Finance Officer, said that despite the tough business environment, Stanbic managed to post a “decent profit after tax which grew
Read MoreBank of Baroda has announced changes in the banks leadership. According to the announcement made Wednesday, Sanjay Vinayak Mudaliar was appointed as Non-Executive Director on the Board of the Bank effective February 18, 2022. His appoinment followed the resignation of Mudumba Krishnama Chary from the same position in July last
Read MoreMiranda Bageine Musoke_Head Personal and Business Banking dfcu Bank dfcu Bank recently launched an unsecured salary loan campaign designed to respond to customers who may need a quick financial boost with a quick turnaround time for personal use. Dubbed “It’s Win-Win with a dfcu Salary Loan”, the campaign is set to run for
Read MoreJudges Asked To Help Distressed Companies Survive As They Struggle To Pay Off Bank Loans
Judicial officers have been asked to support the survival of companies in distress instead of issuing decisions that lead to their extinction. This comes as companies continue to struggle to pay off bank loans and other obligations like suppliers and salary arrears and other lagging effects of the pandemic.
Read MoreEquity Group chief executive James Mwangi The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa and Equity Group chief executive James Mwangi will pocket KSh1.62 billion (UShs50.94bn)in the wake of record banking profits that have delivered outsize shareholder payouts. The Kenyattas lead the pack with a
Read MoreMs Shamim Nambassa(C) the Makerere University Guild President and Ms Anne Juuko (3R), the Stanbic Bank Chief Executive hold laptops during the launch of Funa ka laptop campaign at Makerere University recently. A creeping social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to
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