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 …
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• 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 …
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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 …
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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 …
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Kampala, Uganda | THE INDEPENDENT | Standard Bank has been ranked as the most valuable banking brand in Africa in 2024. This is the third consecutive year that Standard Bank has been ranked first in Africa Brand Finance’s annual ranking of the world’s Top 500 Banking Brands. The bank also …
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Kampala, Uganda | JULIUS BUSINGE | On Feb.22, NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended banking hours at select branches, allowing customers to enjoy greater convenience. Additionally, customers now have access to online …
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Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has partnered with Airtel Money to foster financial inclusion by eliminating charges on all transfers made from the PostApp and PostMobile to Airtel Money wallets. This initiative seeks to reduce the financial burden on PostBank customers while enhancing their access to a wide …
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Kampala, Uganda | THE INDEPENDENT | On Jan.30, Centenary Bank announced the launch of its latest innovation, CenteWhatsApp banking designed to provide customers with convenient and secure access to a wide range of banking services directly through the widely used messaging platform, WhatsApp. To access CenteWhatsApp banking, customers are required to …
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Kampala, Uganda | THE INDEPENDENT | KCB Bank Uganda, has partnered with Mkazipreneur, a Ugandan based community platform dedicated to fostering and advancing women entrepreneurship in Africa, and one that supports working women in both the informal and formal sectors through financial literacy. KCBU, through its initiative dubbed KCB Flme, will …
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Kampala, Uganda | THE INDEPENDENT | Greater customer numbers during December fed through to higher new orders and business activity as the headline monthly Stanbic Purchasing Managers Index (PMI) rose to 54.8 from 53.4 in November, the lender said on Jan.10. This was the highest reading since June 2023 and above …
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The Independent Uganda: You get the Truth we Pay the Price
