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EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

by Muhereza Kyamutetera
Left-Right: Opportunity Bank Board Chairman, Phillip Karugaba, Owen Spencer Amanya, the Managing Director and Geriga Christopher, the Executive Director.
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Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively reveal. This decision has been confirmed to CEO East Africa Magazine, in an email. It follows the Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2022 of Nove

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.