Tropical Bank has embarked on a massive drive to give back to the Muslim community countrywide during the Holy Month of Ramadhan. The bank officials have been visiting mosques across the country to support them. The bank has donated food items to 18 Mosques in Kampala and a combined 12
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Uganda’s banking sector has 24 operating commercial banks. However, the market is controlled by a few banks going by the 2018 financial results analyzed by Business Focus. For example, the top five most profitable banks including Stanbic, Centenary, Standard Chartered, Bank of Baroda and Barclays have a total market share
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Uganda’s banking sector continues to recover from turbulent times as witnessed by the increase in profits, lending, customer deposits as well as a reduction in Non-Performing Loans (NPLs) and bad loans written off. According to the Bank of Uganda (BoU), the ratio of NPLs to total loans in the banking
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KCB Group chief executive officer Joshua Oigara earned KSh273 million (UShs10.2 billion) in salary, bonus and allowances in 2018, a year when Kenya’s biggest bank by assets announced a record net profit, Business Daily reports. Mr Oigara’s 6.6 percent (UShs634.5bn) pay increase mainly came in the form of a higher
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Uganda’s commercial banks continue to accumulate assets. Total banking industry assets increased by 262% to Shs28.032 trillion in 2018, up from Shs26.55 trillion in 2017. Uganda has 24 operating banks commercial banks. In this article, you’ll know the share each bank has of the Shs28.032 trillion total industry assets. The
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Francis Ogwang (in featured photo) is the new Country Manager at East African Development Bank (EADB). A visionary thinker with a global perspective and entrepreneurial drive, Ogwang has over 17years of banking experience, 8 of them at middle management and senior leadership levels. His banking experience ranges from Corporate and
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Uganda’s banking industry continued to recover from turbulent times in 2018 by posting generally impressive results. According to industry figures analysed by Business Focus, out of 24 banks, 19 banks recorded net profits of Shs790.092bn in 2018 compared to the 17 banks that posted a profit of Shs785bn in 2017.
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Pan African financial institution, United Bank for Africa (UBA) Plc with operations in 20 African countries and in the United Kingdom, the USA and Paris, over the weekend, celebrated 70 years of operations in an event that was as exciting as it was nostalgic. Chairman, UBA Plc, Mr. Tony Elumelu
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Leading Pan-African Bank, United Bank for Africa (UBA) PLC in partnership with leading global payments and technology company, MasterCard, have announced they are giving away all-expenses paid trips to the Semi-Finals and Finals of the 2019 UEFA Champions League to 12 lucky UBA Mastercard holders and their plus ones. Open to all
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The 2018 financial results of Centenary Rural Development Bank Ltd commonly referred to as Centenary Bank will leave a smile on its shareholders after the bank posted impressive results again. According to the bank’s financial statements for the year ended 31st December 2018, Uganda’s biggest indigenous bank recorded Shs107.63bn net
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