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I&M Bank Uganda is extending a festive season gift to its customers with a loan repayment holiday, providing much-needed financial relief during the Christmas season and the back-to-school period. The campaign dubbed ”Nyumirwa Breaktime”, which runs from December 1st 2024 to February 28th 2025 will allow retail loan customers a repayment holiday of up to 60 days before their first installment is recovered. The announcement was made on Monday, December 2nd 2024, during a launch event at the bank’s Headquarters at KingdomKampala, which was attended by the bank’s top executives, staff from various branches, and valued customers. CEO Robin Bairstow,…
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I&M Bank (Uganda) has been recognized as the Most Innovative Digital Bank Uganda and Best Private Bank in Uganda for the year 2024 by the Global Banking and Finance Review Awards. The Global Banking and Finance Review Awards also recognized other outstanding financial institutions in Uganda and across other regions globally. The recognition highlighted I&M Bank’s commitment to enhancing customer experience through cutting-edge digital solutions and exceptional banking services. The awards come at a time when I&M Bank demonstrated unique innovativeness in the digital space after rolling out a range of digital products aimed at providing customers with digital solutions…
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This article embarks on a journey that delves into the realm of financial statements, peeling back the layers to reveal the essential role played by Ugandan banks in the intricate credit creation process. Our exploration closely examines these financial reports, shedding light on how recent market dynamics and trends are reshaping the flow of funds, resulting in a discernible reduction in the amount of deposits being extended as loans to Ugandan customers. Uganda’s financial landscape is evolving, and its banks are adapting to these changes. Join us on this enlightening expedition as we navigate the complex terrain of banking, dissect…
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