01/06/2021

Banks fixed deposit rates fall to 5-year low on Covid

Banks reduced their appetite for deposits after opportunities for lending dried up with loans advanced growing by Sh121 billion in the March to October period, down from Sh156.4 billion in a similar period a year earlier.

01/05/2021

Absa Bank Uganda named the Banking Group Brand of the Year 2020

The Global Banking and Finance Review Awards recognise companies from all over the world and of all sizes, which demonstrate global excellence in innovation, strategy and progressive and inspirational changes within the global financial community.

12/30/2020

Mwalimu Sacco announces full acquisition of Spire Bank

Mwalimu Sacco announces full acquisition of Spire Bank GRACE MATHEKADECEMBER 29, 2020 1 MIN READ 0 SHARES 00 Mwalimu National SACCO has announced its full acquisition of Spire Bank from businessman Naushad Merali of Sameer Group, for an undisclosed amo

12/29/2020

Gulf Bank to pay Sh2m for discrimination

His lawyer Yussuf Bashir argued that there was no justification for closing his account as he was not among the entities listed in the US Department of Treasury’s Office of Foreign Assets Control Sanctions list.