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Saving culture improves
Publish Date: May 12, 2009
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MORE Ugandans have saving with banks, Aston Kajara, the investment state minister, has said, writes Charles Ariko.

Kajara explained that this was being reflected in the number of commercial banks that were joining the banking industry, while officiating at the opening of Tropical Bank Kansanga branch recently.

Gerald Sendauwula, the former finance minister and the bank’s board chairman, said the bank was consolidating its operations by opening more branches.

“The bank has embarked on an aggressive expansion and product development exercise to give customers easy access to their accounts,” Sendawula said, adding that its share capital had increased from sh15.6b in December 2004 to sh30b in2008. Shareholders’ equity increased from sh16.3b in 2006 to sh60b by March 2009.

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