Tag Archives: banks

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank hopes to strengthen the country’s financial sector by leveraging on the revised minimum capital requirements. The Bank of Uganda said in a statement on July 06 that it is confident that the attainment and maintenance of the revised minimum capital by financial …

Kampala, Uganda | THE INDEPENDENT | Commercial Banks and the government have justified the digital integration in the cash management systems despite the negative effects, saying the benefits will in the long run outweigh the disadvantages. Banks have over the last few years closed traditional banking halls and some have closed …

Kampala, Uganda | THE INDEPENDENT | Britam Holdings has signed a partnership agreement with the Commercial Bank of Kenya (KCB) and the National Bank of Kenya (NBK). Through this agreement, KCB Bancassurance Intermediary and National Bank of Kenya Bancassurance Intermediary will distribute two new health insurance products provided by Britam to …

Kampala, Uganda | THE INDEPENDENT | At least 23 financial institutions in Uganda now have their Automated Teller Machines (ATMs) and points of sale connected by Interswitch, an integrated payments and transaction processing company. This means that account holders at the various banks and other financial institutions can now access …

Kampala, Uganda | THE INDEPENDENT | The Uganda Civil Aviation Authority (UCAA) is planning to use the much-anticipated aviation expo to promote air transport among members of the public. UCAA Director General, Fred Bamwesigye told reporters that the authority said the expo will be a good platform to demystify the many …

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

Banking entities posted impressive growth in profit after tax during the year owing to the opening up of the economy and the subsequent growth in the private sector credit Kampala, Uganda | ISAAC KHISA | More than half of companies listed on the Uganda Securities Exchange recorded growth in profits in …

Rome, Italy | Xinhua | European banks are better prepared than those elsewhere in the world for crises such as the failure of two regional banks in the United States (U.S.) earlier this month. However, analysts say they remain vulnerable to changes in consumer confidence, and weaknesses in the financial sector. German …

Kampala, Uganda | THE INDEPENDENT | Uganda’s banking industry, security agencies and the judiciary have teamed up to find solutions to the rising financial fraud that has increasingly hit the country in recent times. The crime has been abated by the digital revolution with fraudsters taking advantage of new technologies to …

The collapse of SVB and Signature Bank shows that the crisis in the U.S. banking sector is not over yet COMMENT | Vidhura S. Tennekoon | Silicon Valley Bank and Signature Bank failed with enormous speed, so quickly that they could be textbook cases of classic bank runs, in which too many …