Tag Archives: banks

THE LAST WORD: By Andrew M. Mwenda Lesson for Central Bank from the experience of the takeover of Crane Bank This week, the government injected Shs 200 billion into Crane Bank to bolster its liquidity position. This is only 40% of the Shs 500 billion needed to bring the bank …

Lagos, Nigeria | AFP |  The African Development Bank has approved the first installment of a $1 billion loan to Nigeria to help President Muhammadu Buhari combat a “crisis situation”. In a Wednesday press release, the AfDB said that the $600 million loan was the “first tranche of a US …

VIDEO: Bank of Uganda governor Prof Emmanuel Mutebile has announced a 1 percentage point reduction in the CBR to 13% from 14% in the month of August as BOU continues to lower the Central Borrowing Rate with the hope of supporting domestic economic growth especially amidst the ongoing global economic slowdown. According to …

MTN’s loans: MTN’s Mokash platform set to stir competition in small loans market Every year, companies have made it a norm to launch a market-shaking product or service. However, none of the products launched in Uganda in recent years will match MTN’s newest trail-blazing ‘Mokash’ in terms of innovation, utility, and risk-taking. …

Stanbic Bank’s Mweheire steady – Bank registers Shs 107 billion in net half year profit, shareholders to get Shs 2.1 dividend per share When Patrick Mweheire became the first Ugandan to head Stanbic Bank, there was some apprehension about how Uganda’s largest bank by assets would survive in the challenging economic …

Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …

One of Africa’s richest men, Kampala property mogul Sudhir Ruparelia says no bank is interested in taking the property of a client who defaults on a loan. In an exclusive interview, Sudhir told The Independent that when clients default on loans and banks are forced to foreclose, there are usually …

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

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 …