The judge also agreed with Jomayi that there is a likelihood that his appeal would succeed because according to him, it raises triable issues Kampala, Uganda | THE INDEPENDENT | The Court of Appeal Judge Christopher Gashirabake has issued an order stopping NC Bank Limited from starting the process of winding …
Read More »Bank of Uganda approves NC Bank, CBA integration
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has issued a letter of no objection to the integration of NC Bank and Commercial Bank of Africa to make one bank with the deal expected to be completed at the end of June. The merger of the banks had …
Read More »NC, CBA banks to conclude Uganda merger in the second quarter
Kampala, Uganda | Isaac Khisa | Kenyan-based lenders, Commercial Bank of Africa and NC Bank, are expected to finalize their merger in the second quarter of this year subject to the regulatory approval. The two banks submitted their request to merge their operations to Bank of Uganda late last year. Releasing the …
Read More »NC Bank partners with JCB
Kampala, Uganda | THE INDEPENDENT | NC Bank and Ganatra Plan & Equipment, the sole distributor of the JCB brand Uganda and Kenya, have signed a partnership agreement that will see JCB customers receive financing for equipment with 5% subsidy on the customer’s contribution per equipment. The total subsidy, according …
Read More »