Salim Kitagenda Archives – CEO East Africa

Stanbic promises 100% financing for SMEs, house purchase loans, and free medical cover for schools in new lending campaign

Paul MurungiCompany NewsJune 6, 2024June 6, 2024

Ugandans hoping to live under their own roof and end renting have a new opportunity to do so with 100% financing from Stanbic Bank, courtesy of a new lending campaign dubbed, “Oli Sorted” While speaking to the media, Israel Arinaitwe, the Head of Personal Banking at Stanbic Bank said, the campaign is a timely response to address the needs of customers who require financing different aspirations in life. “We are simply responding to what we hear and see from the feedback of our customers—they are tired of renting, they want to get more money, but they also want longer repayment…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

EXCLUSIVE: Barclays’ Retail Director Kumaran Pather to head Orient Bank as Standard Chartered’ Robert Wanok heads to dfcu Bank

Muhereza KyamuteteraBanking & Financial Services Company News The Big StoryNovember 2, 2019November 2, 2019

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…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0