Commercial banks in Uganda Archives

What next for Uganda’s undercapitalised banks?

Muhereza KyamuteteraBusiness & Markets The Big StoryMay 8, 2023January 18, 2024

On the 16th of November 2022, the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 was signed into law by Uganda’s Minister of Finance, Planning and Economic Development (MFPED),…

Q&A: PostBank’s Kakeeto on becoming a Tier 1 bank and scaling the MSMEs and agriculture proposition

Muhereza KyamuteteraBanking & Financial Services Company News News & Analysis The Big StoryJanuary 5, 2022January 8, 2022

In this interview with CEO East Africa Magazine’s Muhereza Kyamutetera, Kakeeto says, much as the tier-one is the holy grail that he has been chasing, attaining it, marks the start…

BoU set to increase capital buffers for banks by 500%; Credit Institutions by 2,400% and 1,900% for MDIs

Muhereza KyamuteteraThe Big StoryAugust 24, 2021January 23, 2024

Bank of Uganda has kickstarted a process to increase capital buffers for Commercial Banks, Credit Institutions and Micro-Deposit Taking Institutions, a move it says is both timely and long overdue….

Finance Trust Bank drops Prime Lending Rate to 21% for new loans

Samuel MuhimbaCompany NewsAugust 10, 2020August 10, 2020

Finance Trust Bank (FTB) has become the 3rd commercial bank to reduce its Prime Lending Rate, revising it to a significant 21 percent from 22 percent per annum up effective…