ORIENT BANK CLIMAXES 28-YEAR LEGACY ON A HIGH: BoU applauds Orient for championing industry digitalization On 8th November 2021, I&M Group Plc, completed the acquisition process of 90 per cent of Orient Bank, with a complete rebrand of the 28-year-old Ugandan bank, renaming it I&M Bank Uganda Limited. I&M Bank Uganda Limited also got a license from the Bank of Uganda at an event held at the Central Bank’s offices in Kampala. The license was handed over to Mr Kumaran Pather, the I&M Bank Managing Director. He was flanked by Dr Suleiman Kiggundu the bank’s board chairman, as well as Chris Low, the I&M Bank Regional Director and Board Member of I&M Bank Uganda Limited. Speaking at the license handover meeting, Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor, praised Orient Bank for among other accomplishments, the “pioneering the use of point-of-sale technology” as well as for deploying what he called a “rich suite of technology-driven services to include internet banking, mobile banking, Visa cards, American Express cards, Union Pay and agent banking.” Here below, we reproduce his speech.