Banks

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
Digital EconomyEconomyPolitics & 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
OpinionProperty

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
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
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
Officials seated around a conference table during a press briefing
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 ...
A Stanbic Bank branch in Kampala
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
OpinionPolitics & PolicyProperty

The role of banks and developers in creating affordable housing for Ugandans

Uganda’s population is projected to grow from 37 million today to 41.2 million by 2020 (UBOS) and yet the country currently has a housing deficit that stands at close to 1.2 million units
Economy

Private sector lending growth picks up in August

Uganda's private sector credit extension grew 6.2% in August from the same month in 2016, accelerating from July's 5.7%
Logos of Uganda's commercial banks
Economy

Liquidity ratio in Uganda’s banking sector up by 6.7% – Central Bank

The liquidity ratio in Ugandan banks has improved by 6.7%, an indication that the banking sector has adequate capital buffers
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