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I&M Bank is financially sound- Finance Minister Kasaija reaffirms at the Bank’s 50th anniversary celebrations

Dr. Ketan Morjaria, the Non-Executive Director and founding member receives a Life Achievement Award from Finance Minister Matia Kasaija (R), flanked by I&M Chief Executive Officer, Mr Robin Bairstow

Finance Minister  Matia Kasaija has hailed  I&M Bank for meeting its minimum paid-up capital requirements of up to UGX 210 billion. Minister Kasaija noted the Bank was resilient and adaptable in the face of emerging challenges, demonstrating  the ability to remain financially stable, and compliant with Uganda’s new enhanced capitalisation programme, while Speaking at the Bank’s 50th anniversary celebrations that were held at Serena Hotel Conference Centre last Friday at a dinner gala.  Bank of Uganda raised the minimum paid-up capital requirements for commercial banks for Tier I financial institutions from UGX 25 billion to UGX 120 billion by 31st…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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