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BoU set to increase capital buffers for banks by 500%; Credit Institutions by 2,400% and 1,900% for MDIs

Muhereza Kyamutetera Muhereza Kyamutetera

Bank of Uganda. The Bank has increased the Cash Reserve Requirement by 2 percentage points to 10 percent, effective 23rd June 2022. Courtesy

Bank of Uganda has kickstarted a process to increase capital buffers for Commercial Banks, Credit Institutions and Micro-Deposit Taking Institutions, a move it says is both timely and long overdue.CEO…

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