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Pearl Bank (formerly PostBank Uganda) wins Fintech Partnership of the Year and Best Bank in Agriculture and Agro-processing at the inaugural Annual Bankers Awards (ABA) Pearl Banks Managing Director, Julius Kakeeto, was also recognized as a Fellow of the Uganda Institute of Banking and Financial Services (UIBFS). The awards were organized by the Uganda Institute of Banking and Financial Services and the Uganda Bankers Association and were held at Mestil Hotel under the theme “Beyond the Finish Line.” Pearl Bank was honored with two awards at the inaugural Bankers Awards, winning the Best Bank in Agriculture and Agro-processing award and…
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Stanbic Bank Uganda has launched a powerful new brand campaign—Keep Growing—positioned as both a celebration of Uganda’s resilience and a reaffirmation of the bank’s role in powering the nation’s long-term…
Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s…
The Association of Chartered Certified Accountants (ACCA) Uganda and Deloitte Uganda last evening hosted the 9th Edition of the Chief Financial Officer (CFO) Awards at the Kampala Serena Hotel, celebrating…
With retail and SME lending delivering double-digit growth and a major digital overhaul complete, Robin Bairstow, CEO of I&M Bank Uganda, is steering the bank into its next growth phase….
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…
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Opportunity Bank Uganda Limited (OBUL) on 25th September 2019 was awarded a Commercial Banking license by Bank of Uganda, becoming Uganda’s 26th Commercial Bank. This follows a lengthy vetting process after the bank applied for a license on January 28th, 2019. “Bank of Uganda hereby grants Opportunity Bank Limited approval for a Commercial Bank License (class 1); to transform from a Credit Institution to a Commercial Bank,” wrote Kenneth Egesa, the Acting Executive Director, Supervision at Bank of Uganda. As the 25th bank, OBUL, enters a top-heavy and tightly competitive banking industry, largely dominated by the top 5 commercial banks….
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Fresh from a rich 2018, Ugandan banks in the 3 months ending 31st March 2019 posted combined revenues of UGX772.2 billion, an increase of 17.2% from the UGX658.9 billion reported…
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