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Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018
Profit growth at Stanbic Bank - Uganda's largest bank by assets - picked up a little pace in the first half of 2018 following a decline last year. Still, the bank's primary source of income continued declining due to central bank rate cuts.
August 9, 2018
Economy
Politics & Policy
Central Bank had to take over Crane Bank – Governor Mutebile
The intervention in Crane Bank, was the most difficult of these interventions and the one which was potentially the most problematic, because it was a large bank of systemic importance, and because of the huge magnitude of the losses it had incurred
July 18, 2018
Companies
Digital Economy
Politics & Policy
Prime minister, finance minister and IMF resident representative to speak at bankers’ conference
One of the things to watch out for at the annual bankers conference is what bankers say about the new levies on mobile money transactions, especially, which have become a central feature in their digital offerings, and excise duty increases
July 17, 2018
Digital Economy
Economy
Politics & Policy
Mobile money dominates formal sector financial inclusion, limitations and all
Financial inclusion is low in Uganda because banks find it costly and unprofitable to extend services to rural areas. But even in urban areas, their services are expensive. Mobile money is the only financial service that has bucked those trends
July 2, 2018
Politics & Policy
No bank has applied for Islamic banking licence – BoU
No bank has formally applied for an Islamic banking licence even though there have been expressions of interest in the model from both local and international institutions, according to the deputy governor of the Bank of Uganda, Louis Kasekende
June 25, 2018
Opinion
Commercial banks are key players in the agri-business value chain
While it’s true that most commercial banks in Uganda are not ideally structured to finance individual small-holder farmers directly, the reality is that they still play critical roles within the sector, making them an indispensable part of the overall ecosystem
June 20, 2018
Corporate earnings and results
Centenary Bank 2017 profits drop 8.8%
Centenary Bank made a net profit of Shs100.3bn after tax in 2017, dropping 8.8% from the previous year’s Shs109.9bn
May 22, 2018
Corporate earnings and results
Finance Trust doubles net profit after a difficult 2016
Finance Trust Bank has reported a 131% increase in after-tax profit after a difficult 2016
May 19, 2018
Companies
Corporate earnings and results
Standard Chartered says restructuring is paying off as costs, and income, decline in 2017
Standard Chartered's financials for 2017 show a narrowing in profitability and revenue, following strong growths in 2016. But, in keeping with a statement released by its chief executive affirming the success of its restructuring plan, total expenses fell for the second straight year
April 27, 2018
Companies
Barclays Bank reports strong rebound in 2017 earnings
Barclays Bank of Uganda Limited has reported a rebound in after-tax profit growth following a slight dip in 2016
April 16, 2018
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