Equity Bank’s Managing Director off to Dubai to engage and serve customers Dubai, UAE | THE INDEPENDENT | Equity Bank Uganda will crown two weeks of close interaction with customers in Dubai with a visit Friday of their Managing Director Anthony Kituuka. Kituuka’s visit will start with a keynote address …
Read More »
Kampala, Uganda | THE INDEPENDENT | KCB Group screened loans worth KShs. 615 billion for environmental and social risks in 2023 as the Bank races to support projects with positive environmental impacts. This constitutes half of the Group’s loan book as of last year’s end, cementing KCB commitment to sustainable finance. …
Read More »
Kampala, Uganda | THE INDEPENDENT | James Onyutta, Managing Director, of FINCA Uganda, gathering data about customer preferences, market trends, and industry dynamics, can help businesses make decisions based on facts rather than assumptions or intuition. “Using research has opened our eyes to many opportunities and helped us solve numerous business …
Read More »
Filling the Digital Banking Puzzle Couldn’t Be More Interesting COMMENT | PRISCILLA AKORA | As the famous saying goes, “a journey of 1,000 miles begins with one step”. Well, the banking sector has had an interesting one. The banking sector has had to traverse miles to finally reach the digital banking …
Read More »
Kampala, Uganda | THE INDEPENDENT | Ugandans hoping to live under their roof have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed “Oli Sorted” launched May 23. The 90-day campaign which targets the back-to-school season also enabled parents to borrow …
Read More »
Kampala, Uganda | THE INDEPENDENT | On May 24, NCBA Bank Uganda opened a new branch in the Namanve Industrial Business Park. Developed by the Uganda Investment Authority, Namanve Industrial Business Park is a thriving hub for manufacturers and home to some of the largest manufacturing firms including Coca-Cola and Rwenzori …
Read More »
Nonsensical analysis, impenetrable jargon, fallacious arguments, and use of inappropriate mathematical models COMMENT | ANAT R. ADMATI | In December, the CEOs of the eight largest banks in the United States participated in a three-hour posturing session before the Senate Banking Committee. It was a disheartening display that showcased the toxic …
Read More »
• Growth in revenue by Sh64bn • Sh146 billion in profit after tax • 12.9% growth in net customer loans standing at Sh1.76 trillion • 16.3% growth in customer deposits to Sh2.45 trillion Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has reported a growth in revenue by Sh64 …
Read More »
Kampala, Uganda | THE INDEPENDENT | KCB Bank customers can now access loans of up to Shs250 million without collateral like land titles or car logbooks, to meet their personal finance and business needs. The loans, which have a repayment period of up to 84 months, come with interest rates of …
Read More »
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa’s (UBA) Uganda subsidiary has denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …
Read More »
The Independent Uganda: You get the Truth we Pay the Price