Tag Archives: Banking

The Uganda Bankers Association has appointed Wilbrod Humphreys Owor as it new executive director. He takes over from Emmanuel Kikoni who has steered the association over the last 16 years. Owor, formerly the managing director of United Bank of Africa-Uganda, comes with 25 years of working experience spanning across key …

DFCU Bank shareholders are hopeful that 2016 will be good following the release of their company’s half year 2016 un-audited financial statements, which have indicated a Shs 9.6 billion increase in profit compared to the same period last year. According to the financial performance for the first half of the …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

What anniversary year  says about the state of the monetary policy signal COMMENT: Geoffrey A Onegi-Obel   The Bank of Uganda on August 2 and 3 capped a series of celebratory Golden Jubilee activities with the annual Joseph Mubiru Memorial Lecture and an Anniversary Day with President Yoweri Museveni as the …

Douala, CAMEROON | AFP |  Four employees of a Cameroon bank have been detained on suspicion of stealing millions of euros, sources told AFP on Tuesday. The four staff members of BICEC, a local subsidiary of French bank BPCE, have been placed in detention in the economic capital Douala after …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …

Telecommunication giant MTN Uganda this week launches yet another ground-breaking product. The initiative, dubbed MoKash, which is being set up in partnership with Commercial Bank of Africa (CBA), will benefit all registered MTN Mobile Money subscribers who will be able to take small loans in a matter of minutes. What makes …

COMMENT: By Milly Kyolaba One of the biggest challenges Non Profit Organisations (NGOs) and development agencies operating in countries like Uganda face is getting the balance right between managing their budgets administrative and overhead costs versus the amount of money they actually use to support the intended beneficiaries. Critics often …

Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …

Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …