dfcu Customers will, for a limited time only, access personal unsecured loans of up to UGX 150 million at a competitive interest rate as low as 17.5% per annum. According to dfcu Bank’s Head Personal Banking, Miranda Bageine Musoke, customers will be able to apply in minutes and have money
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Lending rates and Non-Performing Loans (NPLs) in Uganda’s banking industry are gradually declining, a new report has revealed. The PwC report titled ‘Uganda Economic Outlook – 2019’, Average lending rates charged for shilling denominated loans have been gradually declining. As at June 2018, the shilling denominated loans average interest rates
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Stanbic Bank has appointed Emma Mugisha (in featured photo) the new head of Corporate and Investment Banking (CIB). Her role is to oversee the bank’s CIB clientele including government, large corporate and financial institutions. She is responsible for their value added investment banking and cash management products while aligning their
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MPs sitting on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) have noted with concern the informal manner in which Bank of Uganda (BoU) officials conducted business with their partners to fraudulently sell some of the local banks. This was after MMAKS advocates, the legal advisors of BoU
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Bank of Uganda (BoU) paid MMAKS Advocates lawyers in foreign currencies despite the fact that the legal advisors had filled their invoices in Uganda shillings, MPs on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has established. The MPs on Wednesday accused Bank of Uganda of showing no
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Lawyer Timothy Masembe of MMAKS Advocates finally appeared before MPs on parliament’s Committee on Commission, Statutory Authorities and State Enterprises (COSASE) on Tuesday afternoon after snubbing the Committee in the morning. He was supposed to give details concerning the sale of Crane Bank Limited (CBL) where his firm played the
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The merged CBA and NIC bank will count among its top owners some of Kenya’s most renowned billionaire investors and political figures, shareholder information on the two lenders has revealed. Records from the Registrar of Companies have revealed the underlying ownership of the privately-held CBA bank, whose investors will control
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Lawmakers on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) were on Tuesday shocked to learn that Bank of Uganda (BoU) closed a ghost bank in the name of Cooperative Banks. This is after it emerged that two banks had been registered in the same name yet the
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dfcu bank has spoken out on an attempted robbery and assault of employees at its Bwaise branch in Kampala. In a statement dated February 12, 2019, dfcu bank says several armed men ambushed the bank’s staff as they were closing up to leave the branch after work. “Unfortunately, during the
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Bank of Uganda (BoU) officials on Monday failed to table vital evidence before MPs on the Committee Of Commission’s Statutory Authorities and State Enterprises (COSASE) regarding the controversial closure of seven defunct banks. This led to the abrupt end of the exit meeting that was slated to put an end
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