The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”
Ugandan banks have, under pressure from the central bank, agreed to drop a long-practised, but infamous practice of ‘fining’ customers for settling their outstanding loan obligations early. According to a…
Salaam Bank, formerly Top Finance Bank, has become the first financial institution in Uganda to be granted a license by the Bank of Uganda to offer Islamic Banking services. This…
Michael Atingi-Ego, Deputy Governor of the Bank of Uganda (BOU) has called on business organisations to have the right structures, and processes that can help them anticipate and prepare for,…
On 16th November 2022, the Jinja South East Division MP, Nathan Nabeta Igeme tabled a motion to seek leave of Parliament to table the Capital Markets Bill. Parliament unanimously granted…
With only a few days left to the June 30th 2023 compliance deadline for banks that failed to raise UGX120 billion in both share capital and core capital by December…
Stanbic Bank Uganda has won the Bank of Uganda (BoU) award for ‘Best-performing Primary Dealer Market Maker (PDMM) for 2022, becoming the first to earn the honour for a record…
The Commercial Court’s Hon Justice Stephen Mubiru has dismissed an application by the Bank of Uganda to drop a case brought against it by 31 shareholders of the defunct Greenland…
Twenty-four (24) years, after Bank of Uganda, seized and sold the assets of the Co-operative Bank, the mystery of the ownership of the bank that was sold remains unresolved. This…
CFAO Motors Uganda Limited (formerly Toyota Uganda), won a deal to supply 11 vehicles to the Bank of Uganda, beating MAC East Africa Ltd to the lucrative UGX3,254,008,582 deal. CFAO…
