Bank of Baroda Uganda bucked the downward trend in the commercial banking sector, reporting strong full year earnings on lower operating expenses and a boom in trading securities. The bank said on Thursday it made a net profit of Shs83.4bn in 2020 ($23.4m). That compared with Shs45.3bn the previous year, when it also reported a […]
Stanbic Holdings Uganda Ltd and Bank of Baroda Uganda posted fairly impressive trading patterns at the Uganda Securities Exchange (USE) between October and December 2020. This, according to market observers, is attributed to expectations of strong financial results for 2020 and payment of delayed 2019 dividends. The high expectations for a good performance for 2020 […]
A Stanbic Bank stand during the Customer Service Week exhibition in Kampala. The bank has registered considerable trading volumes at the Uganda Securities Exchange since October last year. PHOTO | FILE | NMG Stanbic Holdings Uganda Ltd and Bank of Baroda Uganda posted fairly impressive trading patterns at the Uganda Securities Exchange (USE) between October […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
Bank of Uganda Bank of Uganda (BoU) has published interest rates and charges at different commercial banks in Uganda in a move “to promote transparency and enhance competition in the provision of banking services to the public.” The central bank advised customers who are being offered/charged differently from what is published to report the matter […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
Bank of Uganda Bank of Uganda (BoU) has published interest rates and charges at different commercial banks in Uganda in a move “to promote transparency and enhance competition in the provision of banking services to the public.” The central bank advised customers who are being offered/charged differently from what is published to report the matter […]
Absa Bank branch in Nairobi. FILE PHOTO | NMG Commercial banks lost Sh19.48 billion in the six months to end of June as Covid-19 economic disruption forced lenders to increase provisions for debt defaults, hurting the profitability of the sector. Analysis of the half year results for 36 out of the 39 banks that were […]
Patrick Bitature (middle), the Umeme chiarman rings a bell at the USE recently. Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as Uganda’s equity markets continued to feel the impact of […]
Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period last year. The drastic drop, according to a report by USE, was attributed to withdrawal of international […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.