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Corporate earnings and results
Reflecting on 2017 in the banking sector
From preliminary results, total assets of the banking industry increased by 12% from sh23.7 trillion to sh26.5 trillion 2017. Additionally, all banks met the minimum regulatory capital adequacy last December
April 15, 2018
Companies
Corporate earnings and results
Digital Economy
Markets
Stanbic’s digital push helps drive profit rise in 2017
Stanbic Bank Uganda touted the success of its digitisation strategy on Wednesday as operating costs fell 3.2% in 2017 compared to a 17.4% rise in the previous year
March 28, 2018
Opinion
ACI Uganda setting global standards for Uganda’s financial markets
By Benoni Okwenje Any sector that plays a major role in the growth and development of an economy must aspire ...
March 27, 2018
Politics & Policy
Independent arbitration center to reduce costs and time in commercial disputes – Kasekende
The Alternative Dispute Resolution Framework for the banking and financial sector will help to expedite justice with respect to commercial law in Uganda through two channels. It will offer an opportunity for litigants to settle commercial disputes without going through the commercial courts, and thereby much more quickly and almost certainly at much lower costs
March 23, 2018
Digital Economy
Economy
Politics & Policy
High lending costs to informal sector keeping credit costs up – Kasekende
Standard Chartered's socio-economic impact report estimates that its lending supported value-added of 3.5% of GDP and almost half a million jobs in 2016
March 21, 2018
Opinion
Property
Why Ugandans should look more to banks for home construction loans
In Uganda, as in many developing countries, most people who decide to build their own homes do so incrementally overtime using business income, personal savings and or small unsecured loans
February 19, 2018
Economy
Lean times for banks’ loan growth and profits in FY17
There are no major threats to the stability of the financial system, at least as of June 2017, according to Bank of Uganda's Financial Stability Report
February 12, 2018
Politics & Policy
Bank of Uganda announces staff changes as Bagyenda retires
Bank of Uganda has announced several appointments to its top management team and transfers, including a new executive director of supervision
February 7, 2018
Companies
Stanbic Bank cuts prime lending rate
Stanbic Bank Uganda is cutting its prime lending rate from 18% to 17.5% for loans in Uganda shillings, in response ...
November 30, 2017
Economy
2017 was a year of consolidation in the banking sector – Kasekende
Many of the problems facing the banking industry today can be more effectively solved if banks cooperate to pool resources and realise economies of scale and thereby reduce costs
November 27, 2017
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