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The last 12 months have been challenging for everybody; individuals, businesses and even large institutions have all been impacted in varying ways. To support individuals and businesses get back on track, dfcu Bank has rolled out the ‘Bounce Back’ campaign. The campaign complements the long standing dfcu promise of ‘Making more Possible’ for Ugandans. Robert Wanok, dfcu Head of Personal and Business Banking gives more insight into the campaign. What is the dfcu ‘Bounce Back’ Campaign about? With the ongoing challenges posed by the knock-on effects of the pandemic, dfcu recognises and celebrates the resilience of Ugandans. The ‘Bounce Back’…
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Individuals and businesses will benefit from dfcu Bank’s affordable and unsecured loan products following the launch of the ‘Bounce Back campaign’ aimed at giving customers a boost at getting back on track following the upset of the COVID-19. The campaign complements the long standing dfcu promise of ‘Making more Possible’ for Ugandans. Customers will be able to access “Personal Unsecured Loans” of up to UGX 250,000,000 within 24 hours without having to put up the security normally expected of borrowers. Similalry small businesses can now apply for a ‘dfcu Baraka Business Loan’ of between UGX 2 million and UGX 30…
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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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