By Lloyd Jonathan Busuulwa, the Head Alternative Channels at dfcu Bank There is a 100% chance that you are reading this text off your phone or computer in this instant. Technology continues to disrupt how we interact with our immediate and external environment. In line with the Uganda Communications Commission industry report as of September
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By Hassan Kitenda Capital acts as that cushion that protects banks, their customers and shareholders against possible losses from risks that banks are exposed to. Traditionally, the core function of any commercial bank is the extension of loans and the larger proportion of banks’ assets is formed by loans. This
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Housing Finance Bank Managing Director Mr. Michael K. Mugabi (L) exchanging documents with Chief Executive Officer of Buganda Land Board, Omuk. Simon Kabogoza Housing Finance Bank has strengthened its partnership with Buganda Land Board, (BLB), with strengthened focus on easing the process for Bibanja/kibanja owners to acquire lease-hold certificates of title.
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Mathias Katamba, Chief Executive Officer at dfcu Bank Dfcu has posted good financial performance in the first half of 2021 with consolidated net profit after tax increasing by 33% from Ushs29.1 Billion in June 2020 to Ushs38.8 Billion in June 2021 despite the ongoing COVID-19 pandemic. Mathias Katamba, Chief Executive Officer
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Sam Mwogeza, Stanbic Bank Uganda’s Head of Consumer and High Net Worth Banking Stanbic Bank Uganda has unveiled a special financial services package targeting members of the legal fraternity, climaxing the 4th annual law conference held this week in Kampala, on an exciting note for legal professionals. Sam Mwogeza, Stanbic Bank Uganda’s Head of Consumer and High Net Worth banking presided over the highly attractive financial services package that includes access to credit at preferential rates, unique insurance and investment offers. “This is a customized “lawyers’ financial services pack” from Stanbic bank to everyone in the legal fraternity; offering has something for everyone including interns, clerks, advocates, magistrates, senior legal advisors and judges," Mwogeza said. Some of the special services that will be offered under the new proposition, include financial coaching, zero charge on visa card transactions, affordable study loans for Law Development Centre exams and other expenses for the interns and court clerks, education financing, construction and land loans, health care for elderly parents and networking opportunities for the advocates of the high court to help them advance their careers. "All these services, they can access through our “convenient banking channels” including
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Julius Kakeeto, Managing Director, PostBank Uganda In April 2020, while the rest of the world was under the full grip of the COVID-19 pandemic, Uganda recorded her first case – a trader returning home from Dubai. While the symptoms of the disease could be seen and diagnosed, there were no
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Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, yesterday, Equity Group Managing Director and CEO Dr James Mwangi revealed the magic: “The defensive and offensive strategy adopted by the Group
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Absa Interim Group CE, Jason Quinn Absa Group Ltd., one of Africa’s largest financial services providers, reported an increase in interim earnings and resumed dividend payments as the economic effects of the pandemic eased in the first half of 2021 compared with the same period a year earlier. Group headline
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Frank Kalinzi, Manager Bancassurance at PostBank PostBank Uganda was recently named among the top 10 banks in non-life bancassurance in the Q1-2021 insurance sector performance report. PostBank was licensed to transact Bancassurance as an agency for partner insurance companies in the last quarter of 2018 after meeting all the requirements
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By Lloyd Jonathan Busuulwa – Head Alternative Channels, dfcu Bank. The pace of technological progress in the last decade and the shifts in customer needs have led to an acceleration of innovations in the digital banking space. This revolution is underpinned by consumers’ use of technology, access to smartphones, and
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