The numbers are striking. Assets grew from UGX 807 billion to UGX 8.61 trillion. Customer deposits increased from UGX 630 billion to UGX 5.27 trillion. The loan portfolio expanded more …
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Banking & SavingsFinanceLatest NewsNews
Better to Borrow What You Can Afford Rather Than What You Want
It can be unsettling to open a daily newspaper and come across adverts announcing the imminent sale of loan defaulters’ assets, more so if it is somebody that you know. …
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Banking & SavingsFinanceLatest NewsNews
How Safe Is Your Money If Your Bank Or Telecom Company Closed?
The closure of Teefe Bank, Greenland Bank, and Crane Bank had a significant impact on the Ugandan banking sector. They led to a loss of confidence in the banking sector …
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Banking & SavingsEconomicsFinanceLatest NewsNews
Bank of Uganda Issues First Islamic Banking License
Just a month after President Yoweri Museveni assented to the Financial Institutions (Amendment) Act 2023 to clear all the legal roadblocks to the commencement of Islamic banking products in Uganda, …
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Global NewsLatest NewsNews
Uganda Under Tight Surveillance over Money Laundering, Terrorism Financing
Uganda has remained on the list of 26 countries put under increased monitoring (grey list) by the Financial Action Task Force (FATF) for moving slow to strengthen its financial systems …