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Ugandan Banks Succumb To Central Bank Pressure To Drop Charges On Early Loans Repayment

Muhereza Kyamutetera Muhereza Kyamutetera

Bank of Uganda's Deputy Governor, Dr. Michael Atingi-Ego (left) and Executive Director, Bank Supervision, Dr. Tumubweinee Twinemanzi have consistently campaigned for reduced cost of money

Ugandan banks have, under pressure from the central bank, agreed to drop a long-practised, but infamous practice of ‘fining’ customers for settling their outstanding loan obligations early.According to a letter…

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