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Tag Archives: banks

Banks restructure loans worth UGX 2 Trillion

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers’ Association has said that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses. According to the Association’s Executive Director Wilbrod Owor, in the first month of …

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Banks loan approvals fall by 68%

Kampala, Uganda |  THE INDEPENDENT |  Lenders in Uganda are staying away from approving loans as prospects of repayment look grimmer than ever, a government report says. According to the Ministry of Finance May performance of the economy report, the value of loans approved by banks in April fellow by 67.9 …

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Standard Chartered manufacturers’ business forum attracts 150

  Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank Uganda has today (Feb.18) organized a Manufacturers’ Business Forum for over 150 manufacturers and various stakeholders at Hotel Mestil in Kampala. The aim was to provide a platform for market players to network, share forward-looking insights and best practices, according …

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Silent ‘War’ as banks take insurance broker’s profits

Kampala, Uganda | THE INDEPENDENT | Commercial banks’ written premiums from insurance are on steady increase hardly three years after the banking law allowed banks to distribute insurance. The Insurance Regulatory Authority says the insurance premiums from Bancassurance now stand at slightly above twenty-six billion Shillings from zero in August 2017 …

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Kadaga clears COSASE to probe BOU

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has directed the Committee on Commissions, Statutory Authorities and State Enterprises – COSASE to conduct proceedings on issues that were not concluded as pertains matters on the closure of seven commercial banks by Bank of Uganda.  The seven banks …

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