Absa Drives Blended Finance and Bankability at the 2nd Energy Convention Kampala, Uganda | NEWS CORRESPONDENT | Key policy drivers and financial leaders have made proposals to tackle Uganda’s transition from power generation to universal access. This, at the 2nd Energy Convention held at Four Points by Sheraton, whixh saw …
Read More »
With the new Digi Loan, eligible customers can instantly borrow between sh20,000 and sh2 million with no paperwork, no queues, and no branch visit required Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has today unveiled two new digital innovations, Digi Loans and Online Account Opening, aimed at meeting …
Read More »
The lender is seeking opportunities for collaboration while becoming more agile to serve customers beyond traditional banking Kampala, Uganda | ISAAC KHISA | ABSA Bank Uganda, a subsidiary of ABSA Group, a financial services conglomerate based in South Africa, has seen its profit more than double riding on the rebound …
Read More »
However, the lender remains strong with its capital growing up to 23%, higher than 12.5% regulatory cap Kampala, Uganda | JULIUS BUSINGE | Absa Bank Uganda Ltd saw its net profit sharply drop by nearly 50% from Shs78bn in 2019 to Shs40bn in 2020 as coronavirus pandemic took toll on …
Read More »
5% drop to Shs68bn in net profit Kampala, Uganda | JULIUS BUSINGE | Huge taxes paid to Uganda Revenue Authority (URA) has seen Barclays Bank Uganda Limited record a 5% drop in net profit to Shs68bn for the year ended December 2018. Barclays bank financial results released on April 25 …
Read More »
Bank managers explain recent cuts to 20% average Effective this month most commercial banks started charging lower interest rates on flexible existing and new loans with analysis indicating about 20% is the new average industry rate compared to around 23% a period before. The move is expected to boost uptake …
Read More »
The Independent Uganda: You get the Truth we Pay the Price
