Banks Recapitalisation Archives

A new dawn for Uganda’s Cairo Bank as Egyptian shareholder infuses fresh capital

Muhereza KyamuteteraBanking & Financial Services News & Analysis The Big StoryMarch 1, 2024March 1, 2024

Banque Du Caire (BDC), Egypt’s 5th largest bank has fully recapitalised Cairo Bank Uganda as per the revised Bank of Uganda capital buffers, CEO East Africa can exclusively reveal. Banque…

EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

Muhereza KyamuteteraBusiness & Markets News & Analysis The Big StoryJanuary 29, 2024January 30, 2024

Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively…

Uganda’s undercapitalised banks in a last-minute scramble to beat June 30th 2023 deadline

Muhereza KyamuteteraBusiness & Markets The Big StoryJune 20, 2023June 20, 2023

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…