Tag Archives: banks

By Julius Businge Standard Chartered Bank, Uganda’s second biggest commercial bank by assets and market share, has defended the commercial banking sector’s decision not to aggressively lower lending rates. The bank’s Regional Head of Research, Razia Khan, said in a statement sent to The Independent that although Uganda has witnessed …

By Frank Schäffler and Norbert F. Tofall Eliminate the financial system’s rapidly growing debt to create a new monetary order of free-enterprise The G-20’s decision in November 2008 not to let any systemically relevant bank perish may have seemed wise at the time, given the threat of a global financial …

By Andrew M. Mwenda A great business can close in infancy, not because it is loss making but because it cannot get credit to overcome its initial cash flow constraints. Here is the performance of Uganda’s banks in 2010: Out of the 22 registered banks, 14 made profits, two broke …

By teresa nannozi & mubatsi asinja habati  Crane Bank tops the pack Commercial banks are making profits that would make any CEO envious. Crane Bank’s 2010 annual statement, published recently, announced phenomenal growth in profits, deposits, lending, assets, paid-up capital and loan repayments among others. According to Crane Bank’s audited …

By Patrick Kagenda At the dot of its tenth anniversary, Uganda Securities Exchange listed its tenth company. KCB was cross listed at 11:00a.m on Nov 11 amid excitement from stock brokers and equity managers. “The cross listing means Ugandans can now have access to the KCB counter and it adds …

By Patrick Kagenda Kenya Commercial Bank Executive Director Mr Nok Bwondit speaks to The Independent’s Patrick Kagenda about how it intends to use its 110-year experience in the region’s banking sector to out-compete local players and other new entrants from West Africa and the Middle Eastern countries. Why did it …