Barclays is still a big bank
BARCLAYS Bank is still one of the biggest and solid financial institutions in Uganda, a top official said last week.
By David Ssempijja
BARCLAYS Bank is still one of the biggest and solid financial institutions in Uganda, a top official said last week.
“Yes, they’re. They faced some challenges but they successfully came out of it,†said Justine Bagyenda, the Bank of Uganda supervision director.
Bagyenda was officiating at the launch of the Barclays Integrator, an Internet-based banking system, which allows customers to execute banking transactions in the comfort of their homes or offices.
She said integrating modern IT into the banking systems helps in reducing the costs of doing business, but its success largely depends on the level of customers’ financial literacy.
She said more investments were needed in computer literacy to keep the public abreast with the dynamic ICT trends introduced into the various business sectors.
“Bank of Uganda encourages and welcomes any form of innovation undertaken by commercial banks in creating customer convenience during banking transactions.
“Marrying ICT with banking empowers institutions to acquire and retain more customers, but a customer who has never touched a computer key board may not find it user friendly†she noted.
he East African Breweries pretax profits rose to sh337.5b this year from sh310.5b in 2009, making a 10% rise.
The beer maker that is crosslisted in the securities exchanges of Uganda, Kenya and Tanzania has forthwith declared a sh236 dividend per share for its shareholders from sh217 of the previous year following the results.
Announcing the results, Ivo Buratovich, the managing director of Uganda Breweries, said performance had improved significantly after a slow start in the year.
The firm, like most that import inputs suffered from the shilling depreciation.
Bernadette Mutuku, the head of finance, said net assets had grown by 7% while net revenue by 10% to sh1,023b.
BARCLAYS Bank is still one of the biggest and solid financial institutions in Uganda, a top official said last week.
“Yes, they’re. They faced some challenges but they successfully came out of it,†said Justine Bagyenda, the Bank of Uganda supervision director.
Bagyenda was officiating at the launch of the Barclays Integrator, an Internet-based banking system, which allows customers to execute banking transactions in the comfort of their homes or offices.
She said integrating modern IT into the banking systems helps in reducing the costs of doing business, but its success largely depends on the level of customers’ financial literacy.
She said more investments were needed in computer literacy to keep the public abreast with the dynamic ICT trends introduced into the various business sectors.
“Bank of Uganda encourages and welcomes any form of innovation undertaken by commercial banks in creating customer convenience during banking transactions.
“Marrying ICT with banking empowers institutions to acquire and retain more customers, but a customer who has never touched a computer key board may not find it user friendly†she noted.
he East African Breweries pretax profits rose to sh337.5b this year from sh310.5b in 2009, making a 10% rise.
The beer maker that is crosslisted in the securities exchanges of Uganda, Kenya and Tanzania has forthwith declared a sh236 dividend per share for its shareholders from sh217 of the previous year following the results.
Announcing the results, Ivo Buratovich, the managing director of Uganda Breweries, said performance had improved significantly after a slow start in the year.
The firm, like most that import inputs suffered from the shilling depreciation.
Bernadette Mutuku, the head of finance, said net assets had grown by 7% while net revenue by 10% to sh1,023b.