Robert Wanok, Head of Business Banking dfcu Bank The last 12 months have been challenging for everybody; individuals, businesses and even large institutions have all been impacted in varying ways. To support individuals and businesses get back on track, dfcu Bank has rolled out the ‘Bounce Back’ campaign. The campaign complements
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Bank of Uganda Officials Francis Kakeeto and Fred Vito Wanyama (behind) The Director of Public Prosecutions has withdrawn charges against three Bank of Uganda officials who have been facing trial for having allowed an authorized cargo onto a chartered plane about two years ago.The officials who have been facing charges
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BoU Executive Director for Supervision Dr Twinemanzi Tumubweine The Attorney General has asked the High Court in Kampala to dismiss a case challenging the appointment of Bank of Uganda (BoU) Executive Director for Supervision Dr Twinemanzi Tumubweine.The state wants the case filed by activist Arnold Anthony Mukose dismissed on grounds
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Overall winners receiving their dummy cheques. Dfcu boss Mathias Katamba (L) says Uganda has an opportunity to feed East Africa For the sixth time running, dfcu Bank in partnership with Vision Group, the Netherlands Embassy, KLM Airlines and Koudjis Nutrition B.V have rewarded farmers across the country in an initiative dubbed
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Dfcu head offices in Kampala The Board of Directors of dfcu Limited has announced to its Shareholders and investors that the Company’s audited financial statements for the year ended 31st December 2020 will indicate a decline in the Company’s net profit. In a statement issued on March 22, 2021, the Company’s Secretary said decline is
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Commercial banks registered strong growth in customer deposits of 17.1 percent from USh22.9 trillion in 2019 to USh26.8 trillion over the year ended December 2020 in spite of the slow pace of economic recovery. This revelation is contained in Bank of Uganda’s Quarterly Financial Stability Review December 2020 released in March 2021. “Most of this increase
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Stanbic Bank Uganda Chief Executive Anne Juuko (R) and Samuel Mwogeza Stanbic Bank Uganda (SBU) has paid out a total of UGX 110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of the Covid-19 pandemic last year,
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The banking sector, on aggregate, held strong capital buffers in the year to December 2020, maintaining resilience to potential shocks, Bank of Uganda’s Quarterly Financial Stability Review December 2020 released in March this year has revealed. According to the report, the aggregate core capital-to-risk-weighted assets ratios for commercial banks, MDIs
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Housing Finance Bank Executive Director, Ms. Peace Kabunga “Financiers are an important part of the housing value chain.” These were remarks made by Housing Finance Bank Executive Director Ms. Peace Kabunga, during a training on mortgages held at Kabira Country Club in partnership with Enwealth Financial Services. The training that
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Edith Tusubira ED UMRA/URN photo The Finance Committee of Parliament has tasked Uganda Microfinance Regulatory Authority-UMRA to crackdown on unscrupulous money lenders illegally operating in the country. This came up when the UMRA boss, Edith Tusubira appeared before the committee on Wednesday alongside the Microfinance State Minister, Haruna Kasolo to
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