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Banking

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DFCU boss elected new UBA chair

The new leadership assumes responsibility at a time when the industry has registered significant improvements

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Borrowers struggle to pay over sh600b in...

New Vision’s analysis of 26 commercial bank’s financial statements for the period ended December last year indicates that Non-Performing Loans (NPLs) for...

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Fintechs to watch in 2020

Experts say this turn to digital is being accelerated by younger, tech-savvy generations who are quickly becoming the banks’ largest addressable market....

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Will commercial banks take the opportunity...

Why don’t the traditional banks seem to see the opportunity to their business that the rest of us see, and if they do, why haven’t they thought about making...

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Afrexim Bank to boost regional trade – Kasekende...

The bank has experienced a strong growth of its business over the past few years. In fact, the bank’s total assets grew to $11.9b in 2017, up from about...

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An open letter to the President og Uganda...

Your Excellency, the Local Government system is not effective to serving communities.

UK bank Barclays back in black in first half...

Earnings after taxation stood at £468 million ($614 million, 525 million euros) in the six months to the end of June, Barclays said in a results statement....

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Uganda bankers to discuss state of banking...

"We need to bring the costs down without increasing the risks. When costs of running banks go up with revenue going up, it is not good business."

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BoU urges banks to uphold consumer rights...

The banking sector was urged to educate their financially illiterate clientele.

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Banks, insurance companies tie-up to boost...

The tie-up between the banks and insurance companies is referred to as Bancassurance.

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US coronavirus deaths exceed 100,000...

Europe meanwhile has slowly started reopening businesses as outbreaks on the continent slow, but Italy and Spain lack the firepower of richer European nations to rebuild their economies.