Standard Chartered Bank Uganda has today, Wednesday 08th January 2020, launched its annual Loan Repayment Holiday campaign where it is offering a repayment holiday of up to 75 days for customers taking personal loans before 29th February 2020. Customers from other banks also transferring their loans to Standard Chartered Bank, do qualify for this reprieve. Participating customers stand a chance to win back to school gift vouchers of UGX 200,000 with each loan of at least UGX 50m. This offer applies to both new and existing customers of the bank. According to a media statement from the bank, the campaign…
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Hardly two years after assuming the role of Retail Banking Director at Barclays Bank, Uganda, Kumaran Pather is said to be headed to Orient Bank as Managing Director. According to 3 separate sources, this reporter talked to, Kumaran has resigned his position at Barclays Bank and as he waits for Bank of Uganda’s approval. Section 54 of the Financial Institutions Act (2004) requires all bank board directors to undergo a fit and proper test, carried out by the Central Bank. Orient Bank is Uganda’s 12th largest bank by assets (UGX750bn:2018) and 8th largest by customer deposits (UGX618: 2018). Kumaran is…
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