Dar es Salaam. Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion indicates […]
Dar es Salaam — Middle-level commercial banks are increasingly taking a cautious approach to lending as they seek to raise profits while reducing Non-Performing Loans (NPLs) – and to align with the regulator’s requirements. A close look at recently-released financial statements for 13 commercial banks which have assets of between Sh100 billion and Sh900 billion […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
The Capital Markets Authority (CMA) has said a drop in share prices of locally listed companies saw the size of Uganda Securities Exchange (USE) decline by 1.3 per cent for the period ended September. In details contained in its Quarterly Bulletin, CMA noted that domestic market capitalisation declined from Shs4.33 trillion for the period ended […]
Bank of Uganda had introduced a temporary loan rescheduling programme for borrowers. PHOTO | FILE Faced with a vulnerable financial sector incapable of writing off several non-performing loans, the BoU opted for a temporary loan rescheduling programme for distressed borrowers. While the initial loan restructuring period was set at 12 months, it was extended for […]
Kampala, Uganda | THE INDEPENDENT | United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as collateral, in the primary […]
Uganda Clays and Stanbi Bank dominated trading activity at the Uganda Securities Exchange (USE) in the quarter ended June, according to USE chief executive officer Paul Bwiso. During the period, Mr Bwiso said, Uganda Clays had traded 85.4 million shares, accounting for 56.79 per cent of traded volumes while Stanbic accounted for 25.3 per cent […]
Kampala — United Bank for Africa Uganda (UBA) has been appointed a primary dealer bank by Bank of Uganda with effect from October 1, 2021. As such, UBA will now lend government money on behalf of the public and in exchange, provide Treasury Bills and Bonds as collateral, in the primary market auction. The bank […]
The Uganda Securities Exchange has seen a rebound in trading activity after months of a slowdown due to Covid-19, which continues to ravage equity markets across the globe. Uganda Clays and Stanbi Bank dominated trading activity at the Uganda Securities Exchange (USE) in the quarter ended June, according to USE chief executive officer Paul Bwiso. […]
Uganda Clays and Stanbi Bank dominated trading activity at the Uganda Securities Exchange (USE) in the quarter ended June, according to USE chief executive officer Paul Bwiso. During the period, Mr Bwiso said, Uganda Clays had traded 85.4 million shares, accounting for 56.79 per cent of traded volumes while Stanbic accounted for 25.3 per cent […]
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