Tag Archives: Banking

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 …

Uganda’s insurance industry premiums are expected to grew 20% to Shs733 billion this year on the back of sustainable economic expansion and demographic shifts and new opportunities. Five years ago, the insurance industry in Uganda could barely raise Shs 500 billion in total premiums. Across the border in Kenya, total …

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

Uganda has been classified as one of those countries with a low saving culture. However, a new study on Mobile Money and Individual Savings in Uganda carries some optimism. In Musa Mayanja Lwanga and Annet Adong’s paper; “A Pathway to Financial Inclusion”, mobile money could affect people’s attitudes towards saving. …

Johannesburg, South Africa | AFP | Barclays Africa Group Limited (BAGL) on Tuesday said it was committed to the continent after an earlier announcement by its British parent to gradually reduce its majority stake in the unit. “Our destiny is Africa,” said Maria Ramos, BAGL chief executive, at a press …

By Isaac Khisa Olumuyiwa Asagba is the chief executive officer of Interswitch  East Africa.  He spoke to Isaac Khisa about their operations, agency banking, and the financial services sector in Uganda. What is your leadership philosophy as a chief executive officer? Every leader needs to have a vision. That vision …

By Enock Nyorekwa Twinoburyo Supervision should be backed by addressing the broader structural and regulatory weakness in the sector On June 22, Bank of Uganda (BoU) published the annual supervision report for the year 2014 in line with its statutory provision of prudential regulation and supervision of financial institutions. This …

By the Independent Team Bank of Africa (BOA) Uganda netted a net profit of Shs 1.2 billion as at end of 2014, up from a loss of Shs 6.7 billion in 2013. Ronald Marambi, the managing director, spoke to The Independent about their tremendous return to profitability, the market conditions, …

By The Independent Team P.K Gupta is the acting managing director of Crane Bank, one of Uganda’s leading indigenous banks. He spoke to The Independent about their operations and other pertinent issues in the banking industry. How does it feel being at the helm of one of Uganda’s biggest indigenous …