Tag Archives: banks

Why policy measures that curtail the volume of bank lending to the business community must be avoided COMMENT | LOUIS KASEKENDE | I would like to begin by explaining why I think that a socio-economic impact assessment is a very useful initiative for the bank to have taken. Banks all around …

The initiative is to settle disputes cheaply, quickly and fairly Kampala, Uganda | JOSEPH BAHINGWIRE | Court cases in Uganda involving clients and commercial banks tend to take many years to be resolved but this will soon change as banks in collaboration with the Uganda Law Society and commercial courts …

Kampala, Uganda | JACKSON EMANZI | In most developed countries building a house is a capital-intensive venture which requires a well-developed plan and readily available finances. This ensures the construction starts and is completed on time and the quality of the build is generally not compromised. In Uganda however as in …

Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority (IRA) has so far issued eight certificates to banks to offer bancassurance (selling insurance policies) to their clients as one way of boosting the sector’s growth. Speaking at a press conference in Kampala on Feb.08, IRA officials including the Chief Executive …

New move expected to boost country’s insurance penetration Kampala, Uganda | ISAAC KHISA | For a long time, buying insurance policies in Uganda through commercial banks, also known as bancassurance, remained unthinkable. Policies were purchased directly from insurers’ branches or through brokers, a situation that had been blamed for a slowdown …

Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …

Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …

Kampala, Uganda | GODFREY SSALI  | The Commercial Court has summoned DFCU bank to file a defence within 15 days explaining why it has refused to pay debts that were incurred by the now closed Crane Bank. This follows a suit filed by an advertising company Premier Advertsing and media Ltd …

  Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …