Kampala, Uganda | THE INDEPENDENT | The banking industry has asked for a statutory recognition of the Uganda Institute of Banking and Financial Services to empower it with the professionalization of the industry and the services. The industry leaders say this will also make it easy to enforce standards in the …
Read More »BANKING: BOU warns of Ukraine threat on economy
Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …
Read More »Bank of Uganda issues statement on loans
Kampala, Uganda | THE INDEPENDENT & URN | Bank of Uganda (BOU) has stated that foreign banks lending deposits held in jurisdictions other than Uganda are regulated and supervised by their home authorities, and it is not mandatory for a foreign bank to establish a representative office in Uganda in …
Read More »Fall of the legends
From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …
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