Raj Kumar Meena, the Bank of Baroda Managing Director Bank of Baroda (Uganda) Limited has informed its shareholders that it will pay the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. It should be noted that in April 2020, Bank of Uganda
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Treasury Representatives of various banks during the signing ceremony 15 Ugandan banks have signed onto the TradeClear platform to ease and boost interbank trade within the country. TradeClear is an interbank trading platform managed by financial services company Frontclear and is regulated by Bank of Uganda and overseen by the
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Officials from NSSF, VISA and Centenary Bank in a group photo after the launch of the Smart Card The National Social Security Fund (NSSF) in partnership with Visa and Centenary Bank has today unveiled a three-in-one social security smart card which embeds NSSF functionality, bank functionality and a loyalty
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The Deputy Governor, Bank of Uganda, Michael Atingi-Ego has called on financial and savings institutions to increase their efforts towards financial inclusion after a study revealed that more Ugandans prefer savings their money in boxes at home than entrusting the money with banks. He made the remarks during the launch of
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Mathias Katamba, CEO of dfcu Bank dfcu Bank has called upon their Pinnacle account holders to take advantage of Africa’s borderless economy and the opportunities therein if they are to rebuild and expand their businesses in the aftermath of the Covid-19 pandemic. These remarks were made by the dfcu Bank CEO Mathias
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The Bank of Uganda (BoU), the country’s Central Bank says that Non-Performing Loans (NPLs) are likely to rise further through 2022. A Non-Performing Loan (NPL) is a loan in which the borrower is in default and hasn’t made any scheduled payments of principal or interest for a certain period of time. In
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A photo montage of some bank CEOs A number of banks are battling with customers who have failed to repay loans worth Shs1.1 trillion as of 31st December 2021. Commercial banks are required by law to publish their financial statements/results for the previous year (which ends every 31st December) in a national
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Afriland First Bank Uganda will go into Uganda’s history books as the first commercial bank to voluntarily close shop and quit the market. The move by the shareholders of the bank also makes it the shortest journey of a business entity in Uganda’s banking industry, having launched operations in 2020
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State Minister for Microfinance Haruna Kyeyune Kasolo addressing a Meeting of Local Council leaders, He is mooting for Establishment of a Cooperatives Bank The State Minister in Charge of Microfinance, Haruna Kyeyune Kasolo is mooting for the establishment of a cooperative bank to save small enterprises the burden of
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Coffee beans being dried at the farm.Sandra Nakayenze set out to change the lives of female coffee farmers in the hills of Sironko District. dfcu Bank in partnership with Monitor Publication Limited’s Daily Monitor and Uganda Investment Authority (UIA) have been running a program dubbed ‘Rising Woman’ aimed at recognizing,
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