Monday , April 12 2021
Home / Tag Archives: Banking (page 15)

Tag Archives: Banking

Cutting bank costs can be great for NGOs

COMMENT: By Milly Kyolaba One of the biggest challenges Non Profit Organisations (NGOs) and development agencies operating in countries like Uganda face is getting the balance right between managing their budgets administrative and overhead costs versus the amount of money they actually use to support the intended beneficiaries. Critics often …

Read More »

Why Ugandan banks are struggling to make a profit

Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …

Read More »

Banking industry blues

Analysts urge government on business environment as written off non-performing loans erode bank profits In 2015, Standard Chartered Bank, Uganda’s second-largest bank by assets, saw its profits decline by 75% compared to the previous year. The year was even worse for Crane Bank, the second biggest indigenous bank and the …

Read More »

Uganda Insurance industry tops Shs 700 bn

Uganda’s insurance industry premiums are expected to grew 20% to Shs733 billion this year on the back of sustainable economic expansion and demographic shifts and new opportunities. Five years ago, the insurance industry in Uganda could barely raise Shs 500 billion in total premiums. Across the border in Kenya, total …

Read More »

Stanbic nets Shs 150 bn profit

Slightly over a year ago, Patrick Mweheire was appointed CEO of Stanbic Bank Uganda, to become the first Ugandan to head the bank since Standard Bank, a South African financial services giant, took it over 15 years ago. On April 14, Mweheire, who presided over the presentation of the bank’s …

Read More »

Rolling out agency banking

By Isaac Khisa Olumuyiwa Asagba is the chief executive officer of Interswitch  East Africa.  He spoke to Isaac Khisa about their operations, agency banking, and the financial services sector in Uganda. What is your leadership philosophy as a chief executive officer? Every leader needs to have a vision. That vision …

Read More »

Setting the pace with mobile banking

By the Independent Team Bank of Africa (BOA) Uganda netted a net profit of Shs 1.2 billion as at end of 2014, up from a loss of Shs 6.7 billion in 2013. Ronald Marambi, the managing director, spoke to The Independent about their tremendous return to profitability, the market conditions, …

Read More »