Barclays tips on loan repayments

Mar 21, 2010

BUSINESSES struggling with paying back loans have been advised to seek professional guidance to avoid going down.

By David Mugabe

BUSINESSES struggling with paying back loans have been advised to seek professional guidance to avoid going down.

“We know that sometimes, for reasons beyond the customers fault, businesses fail. Come and we discuss honestly on how to sustain the business,” Charles Ongwae, the managing director of Barclays Bank, said.

He was speaking at a workshop for the bank’s business club members at the Imperial Royale Hotel in Kampala, last week.

Ongwae revealed that since he took over as boss of Barclays Uganda mid-last year, he has helped resuscitate many businesses.

“Come and we negotiate and find ways of sustaining our customers’ businesses because if you are not in business, we also do not have clients,” Ongwae said.

The Barclays Business Club offers members relevant presentations and discussions regarding the business environment.

They also benefit from relationship management, longer banking hours, exclusive business suites and counters, trade shows, quarterly business trips and business magazines.

(adsbygoogle = window.adsbygoogle || []).push({});