Commercial banks in Uganda Archives

Dr. Tumubweinee Twinemanzi, PhD, the Bank of Uganda Executive Director is having hard conversations with undercapitalised banks.

What next for Uganda’s undercapitalised banks?

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), Hon. Matia

May 8, 2023

Business & Markets·The Big Story

Julius Kakeeto, the PostBank Managing Director/Chief Executive Officer since October 2019

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

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 of a

January 5, 2022

Banking & Financial Services·Company News·News & Analysis·The Big Story

Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy

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

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. CEO East

August 24, 2021

The Big Story

Finance Trust Bank. The bank becomes the latest commercial bank to reduce Lending rates following the call by the Central Bank to commercial banks to offer concessions to clients. Courtesy photo

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

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 7th September

August 10, 2020

Company News