Tag Archives: Diamond Trust Bank

Kampala, Uganda | THE INDEPENDENT |  The Diamond Trust Bank has bid farewell to its former Managing Director, Varghese Thambi, marking the end of his 17-year tenure with the bank. Thambi, who joined DTB in 2007, was hailed by the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, for …

    Kampala, Uganda | THE INDEPENDENT |  Diamond Trust Bank and UAP Old Mutual Insurance Uganda have entered a partnership to deliver general and medical insurance products and services to customers. The Partnership makes DTB a one-stop centre for both banking and insurance services in the two partner companies’ …

Kampala, Uganda | THE INDEPENDENT |  A new partnership between Diamond Trust Bank and payment services company, TerraPay, could cut by more than half the cost of sending money from other countries to Uganda. Currently, it costs an average of 6.2 percent to send money between countries, and about 7.3 …

  Kampala, Uganda | THE INDEPENDENT | Muslims dwelling in Kampala city have received an Iftar food package to celebrate Eid as they end the Ramathan season, thanks to Diamond Trust Bank. The food items include sugar, rice, cooking oil and more. The amount spent by the Bank on the …

Kampala, Uganda | THE INDEPENDENT |  Kampala businessman Hamis Kiggundu has filed a notice of appeal against Court of Appeal decision which nullified orders by Commercial Court directing Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to refund more than  120 billion shillings to him. Three Justices of the Court …

Kampala, Uganda | THE INDEPENDENT | The Commercial Court wrongly awarded businessman Hamis Kiggundu Shillings 120 billion in his case against Diamond Trust Bank-DTB, according to the Court of Appeal Justices. Delivering their ruling this afternoon, a panel of three Justices of the Court of Appeal comprising the Deputy Chief Justice, Richard …

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has withdrawn from the case in which Diamond Trust Bank (DTB) seeks to overturn a high court ruling which faulted Diamond Trust Bank-Uganda for collecting debts on behalf of its parent company DTB-Kenya. The judgement stemmed from a case filed by …

Kampala, Uganda |  THE INDEPENDENT |  The Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company owned by businessman Hamis Kiggundu. The court was sitting to hear  an …

  Kampala, Uganda | THE INDEPENDENT | The Principal Judge Dr Flavian Zeija has stayed the implementation of Commercial Court orders directing Diamond Trust Bank Uganda and Diamond Trust Bank Kenya to refund 120 billion shillings and to return properties to businessman Hamis Kiggundu. The Principal Judge on Monday issued …

Kampala, Uganda |  THE INDEPENDENT |  The Court of Appeal will make a judgment on Monday, November 2 to determine whether Diamond Trust Bank, DTB, refunds an equivalent of Sh120 billion shillings to businessman Hamis Kiggundu. The ruling will also shed more light as to whether the loans Kiggundu took …