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Governor Bank of Uganda

MPs demand status reports of defunct banks

MPs demand status reports of defunct banks

Members of Parliament sitting on the Committee Commissions, Statutory Authorities and State Enterprises have demanded liquidation and non-performing assets status reports of the defunct banks. The five defunct banks include Cooperative bank, Green land bank, International credit bank, Global trust bank and National bank of commerce. The committee chaired by Abdul Katuntu noted that although […]

Mutebile cautions banks to explain loan terms to customers

Mutebile cautions banks to explain loan terms to customers

Bank of Uganda Governor Professor Emmanuel Tumusiime Mutebile has cautioned commercial banks to always explain all their terms and conditions of a loan to customers before they loan out their money to customers. Mutebile says commercial banks have a variety of loans to offer to their clients but they choose not to explain anything to […]

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