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Personal Finance
Tips for borrowing money: What’s acceptable and what’s not
While the holidays may tempt you to let your financial guard down, it's important to reflect on your financial portfolio to avoid sinking deeper into debt
December 15, 2023
Banking
Two top 100 African bank rankings, same two Ugandan banks
Two rankings of the top 100 African banks in 2023 feature the same two banks from Uganda, both of which also place in the top ten for profitability
October 10, 2023
Banking
BoU grants Salaam Bank first Islamic finance licence
Salaam Bank Ltd was granted Uganda's first Islamic banking licence, weeks after the president assented to the final piece of legislation paving way for the banking method
September 10, 2023
Companies
Corporate earnings and results
Markets
Growth bounces back in 2021 for Stanbic, but lending stalls
Stanbic Bank said trading gains from debt securities holdings fuelled its profits rebound last year, but a slowdown in economic activity weighed on other revenue streams
March 30, 2022
Markets
Baroda bucks banking sector trend with strong 2020 earnings
The bank kept bad loans and operating expenses in check while posting gains in trading securities
April 27, 2021
Companies
Absa Uganda takes earnings hit from loan-loss provisions
Absa reported a decline in full-year profits, its second in three years, on the back of higher loan-loss charges
April 21, 2021
Companies
Corporate earnings and results
Markets
Soaring loan-loss provisions lead to first profit fall in seven years at Stanbic
Decline in net profit, the first in seven years, follows strengthened provisions against losses from borrowers hit by the coronavirus
March 31, 2021
Economy
Politics & Policy
More competition, less government debt keys to lower lending rates
Report finds that interest rate spreads and interest rates were the highest in Uganda, compared to regional peers
March 15, 2021
Economy
Central bank holds interest rates at record low, extends relief measures
Bank of Uganda said it was keeping its central bank rate unchanged and extending its credit relief and liquidity assistance measures for businesses and financial institutions for six months starting 1 April
February 15, 2021
Companies
Corporate earnings and results
Standard Chartered reports strongest profits since 2016
Standard Chartered Bank Uganda's net revenue for 2019 grew at its fastest in three years as interest income rebounded, driven by interest from loans and advances, and from investment securities
May 24, 2020
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