The Bank of Uganda – BoU has commended Stanbic Bank Uganda for rational lending practices on interest rate for loans, credit cards and lines of credit. Tumubweine Twinemanzi, Executive Director of the Bank Supervision Directorate of the Bank of Uganda said this at the commemoration ceremony of the Standard Bank Group’s 160th Anniversary, the mother company of Stanbic bank at Serena Kampala Hotel on Friday. “We have heard the banking sector being abused about hiking interest rates, so far, Stanbic Bank is the only one whose prime rate is highly positively matching with the CBR (Central Bank Rate),” he said….
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