gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
dfcu Bank marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, business leaders, clients, and partners, to commemorate the Bank’s remarkable journey and legacy in Uganda. The night was marked by impact stories of businesses that have been transformed through their partnership with dfcu Bank and stories of the deep-rooted legacy that the Bank has entrenched in Uganda. Having started as a development finance institution in 1964, the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
This week, starting on December 1st 2023, millions of Ugandan borrowers from Supervised Financial Institutions (SFIs) have cause to smile. The SFIs, under their Uganda Bankers Association (UBA), will cease the unpopular but long-practised, habit of penalising borrowers who choose to repay their loans early. According to a source familiar with the decision “It applies to all outstanding loans regardless of amount, currency or tenor”. This is after the SFIs came under pressure from the Central Bank’s Deputy Governor Dr. Michael Atingi-Ego and Dr. Tumubweinee Twinemanzi, the Executive Director, Bank Supervision. Following Bank of Uganda pressure that included a Deputy…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In a bid to equip the financial sector with practical knowledge on ethical framework and conduct in daily operations, Absa Bank Uganda has conducted a one-day training for sector compliance experts. The event, officiated by theBank of Uganda (BoU) Executive Director for SupervisionDr. Tumubweine Twinemanzi, took place at Protea Hotel in Kampala under the theme ‘Building blocks of an ethics programme’. In his address, Dr. Twinemanzi said that it is important that banks and other financial institutions give special attention to conduct risk if they are to address the upsurge in financial fraud in the post-COVID era. Twinemanzi added that…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 letter seen by this publication by the Uganda Bankers Association (UBA) to the Central Bank’s Executive Director Supervision Bank of Uganda, the association’s Executive Director, Wilbrod Humphreys Owor said that all member banks had agreed to abolish the practice “with immediate effect”. “We write regarding the above subject matter, (Early Repayment Charge on Outstanding Loans ) discussed at the Governor’s meeting with member CEOs on 23rd August 2023 and your…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
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 31st 2022, a number of the affected banks are in last-minute mad dashes to raise the capital needed or else face a raft of regulatory sanctions that could include closure. According to a tabulation by CEO East Africa Magazine, as of December 2022, out of the 25 banks, as per published financial results, at least 10 banks didn’t meet the thresholds on share capital while 11 did not meet the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
