Orient Bank Archives – CEO East Africa

I&M Bank marks first year of business in Uganda

by CEO ReporterNews & AnalysisNovember 10, 2022November 10, 2022

On Tuesday November 8 2022, I&M Bank Uganda Ltd marked one year of serving the Ugandan market. The bank started its operations in Uganda in 2021, after acquiring Orient Bank.I&M Bank Uganda has over the past one year focused on being client centric, supporting its clients to grow with it,…

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ORIENT BANK CLIMAXES 28-YEAR LEGACY ON A HIGH: BoU applauds Orient for championing industry digitalization

by Muhereza KyamuteteraThe Big StoryNovember 10, 2021November 10, 2021

Congratulations to you (I&M Bank Uganda Limited) for completing the new ownership structure, thereby changing the name from Orient Bank (U) Ltd to I&M Bank (U) Ltd. I&M Group Plc became the major shareholder, with a 90 per cent stake, in April 2021.Having started in 1993, the precursor, Orient Bank…

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I&M Holdings taps Suleiman I. Kiggundu Jr; Bhartesh Shah and Allan Christopher Michael Low for board positions at Orient Bank, its latest acquisition in Uganda

by Muhereza KyamuteteraCompany News Finance Industry & Analysis News & Analysis The Big StoryJuly 28, 2021July 28, 2021

Orient Bank Limited, has announced the appointment of three members to its Board of Directors.The new members joining are Mr. Suleiman I. Kiggundu, Jr who now becomes an Independent Non-Executive Chairman; Mr. Bhartesh Shah and Mr. Allan Christopher Michael Low, both Non-Executive Directors.Kiggundu replaces Mr. Michael Cook who has served…

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Pursued by 3 banks over UGX 72 bn in debt, how a desperate Hamis Kiggundu turned to courts to buy more time, but in the process cut the hands that fed him

by CEO ReporterFinance The Big StoryNovember 2, 2020November 2, 2020

The Hamis Kiggundu vs. Diamond Trust Bank (DTB) case took almost everyone by surprise. Everybody who knows the maverick businessman, the proprietor of Ham Enterprises and Kiggs International, knows that he and DTB have had a long cordial and reciprocal working relationship. It is a public secret that DTB has…

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PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

by Muhereza KyamuteteraThe Big StoryNovember 17, 2019January 15, 2023

The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018.The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank…

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EXCLUSIVE: Barclays’ Retail Director Kumaran Pather to head Orient Bank as Standard Chartered’ Robert Wanok heads to dfcu Bank

by Muhereza KyamuteteraCompany News Finance The Big StoryNovember 2, 2019November 2, 2019

Hardly two years after assuming the role of Retail Banking Director at Barclays Bank, Uganda, Kumaran Pather is said to be headed to Orient Bank as Managing Director.According to 3 separate sources, this reporter talked to, Kumaran has resigned his position at Barclays Bank and as he waits for Bank…

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Orient Business Academy kicks off

by CEO ReporterFinanceOctober 23, 2019October 23, 2019

Diana Ntamu_Director MUBS Entrepreneurship Centre teaching the third intake of Orient Business AcademyAfter a successful vetting process, Orient Bank, together with the oldest business education center in Uganda, Makerere University Business School(MUBS) have officially kicked off the 2019 Orient Business Academy with 35 participants selected from the over 100 applicants…

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Orient Bank, MUBS launch Business Academy to skill small scale business owners

by Muhereza KyamuteteraCompany News Finance Women in BusinessJune 13, 2019June 13, 2019

Orient Bank, one of the leading commercial banks in Uganda has partnered with Makerere University Business School (MUBS), Uganda’s oldest business education center, to train and facilitate over thirty small…