Tag Archives: banks

Kampala, Uganda | THE INDEPENDENT | Ugandans have stashed record amounts of cash in banks, an indicator Ugandans feared to spend their money with the coronavirus uncertainty still hovering around. Bank of Uganda data shows that in May 2020, the amount of money Ugandans have in banks as term deposits reached …

Kampala, Uganda | THE INDEPENDENT | More Ugandans are buying insurance through their banks as the channels have boosted confidence in insurance, players have said. Official figures show an upward curve of insurance products through banks, which is technically known as bancassurance. It started in Uganda in 2017 after the amendment …

Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced resumption of full operations after the COVID-19 lockdown was lifted on most business activities across the country. Tropical bank, Stanbic Bank, and Centenary Bank have written a note to customers that their doors will be open between 8:30am and …

Kampala, Uganda | THE INDEPENDENT | The amount of money where borrowers have not made any payments for at least three months grew by 15 percent to 783 billion Shillings between January and March 2020, the Bank of Uganda has said. This is a growth from 666.3 billion Shillings of …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of …

Kampala, Uganda |  THE INDEPENDENT |  Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …

  Kampala, Uganda | THE INDEPENDENT | Several commercial banks have announced they will revise down their closure time to allow staff enough time to drive home so as not to be caught by the 7pm curfew. While some banks have not yet indicated that they will shift from the …

New York, United States | AFP |  Banks are considering letting some employees keep working from home indefinitely, and staggering the shifts of those who do come into the office. Hotels are trying to figure out a way to let arriving guests go straight to their rooms without signing in at …

Bank of Uganda okays change in bank operating hours, closure on weekends Kampala, Uganda | THE INDEPENDENT | The central bank (BOU) has agreed to a request by the Uganda Bankers Association for a change in operating hours to cope with the challenges brought by the COVID-19 pandemic. “On account of …

  Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank Uganda has today (Feb.18) organized a Manufacturers’ Business Forum for over 150 manufacturers and various stakeholders at Hotel Mestil in Kampala. The aim was to provide a platform for market players to network, share forward-looking insights and best practices, according …