Uganda Banking Industry Archives

Uganda’s undercapitalised banks in a last-minute scramble to beat June 30th 2023 deadline

by Muhereza KyamuteteraIndustry & Analysis The Big StoryJune 20, 2023June 20, 2023

With only a few days left to the June 30th 2023 compliance deadline for banks that failed to raise UGX120 billion in both share capital and core capital by December…

What do we know about Opportunity Bank, Uganda’s latest commercial bank, which you probably did not know?

by Muhereza KyamuteteraFinance The Big StoryOctober 27, 2019January 29, 2024

Opportunity Bank Uganda Limited (OBUL) on 25th September 2019 was awarded a Commercial Banking license by Bank of Uganda, becoming Uganda’s 26th Commercial Bank. This follows a lengthy vetting process…

Ugandan banks post UGX772.2 billion in Q1, 2019 revenues

by Muhereza KyamuteteraCompany News Finance Manufacturing The Big StoryJuly 2, 2019July 3, 2019

Fresh from a rich 2018, Ugandan banks in the 3 months ending 31st March 2019 posted combined revenues of UGX772.2 billion, an increase of 17.2% from the UGX658.9 billion reported…