gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
Bank Of Uganda has issued PostBank a license to operate as a tier-one commercial bank. Henceforth, PostBank shall no longer be categorized as a credit institution but as a deposit-taking financial institution that gives loans for consumption and investment to make a profit. The bank can now carry out all the functions and services of commercial banks as stipulated in the Financial Institutions Act (2004). Some of these services offered by tier-one commercial banks include acceptance of call, demand, savings, and time deposits withdrawable by cheque or otherwise; provision of overdrafts and short to medium term loans; provision of foreign…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
When did PostBank Uganda launch Bancassurance on the product portfolio and how has it changed the bank’s fortunes? PostBank was licensed to transact Bancassurance as an agency for partner insurance companies in the last quarter of 2018 after meeting all the requirements of both regulators – Insurance Regulatory Authority (IRA) and Bank of Uganda (BOU). Bancassurance agency in PostBank contributes to the banks non-interest revenue stream and YTD 2021, the bank has received UGX605m in form of commission revenue from insurers. Bancassurance at PostBank is supervised by the Insurance Regulatory Authority of Uganda (License No. BC/005/2020. Which insurance companies are…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
PostBank Uganda’s bid to become a tier-one bank got another boost, following an above-industry 2020 growth. Results published last week show, PostBank, the 100% government-owned financial institution, crossed the UGX500 billion assets rubicon, reaching UGX675 billion— a 38% increase, from the UGX490.6 billion registered in 2019. At UGX675 billion, PostBank, although a tier-two institution is already larger than nearly half of all tier-one commercial banks in the country. This unprecedented growth, in what has been the toughest year in Uganda’s recent banking history, was majorly driven by a 25% increase in lending- from UGX 267.1 billion to UGX335 billion-…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
