Governor Bank of Uganda - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Tue, 29 Aug 2017 16:31:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 MPs demand status reports of defunct banks https://www.weinformers.com/2017/08/29/mps-demand-status-reports-of-defunct-banks/ https://www.weinformers.com/2017/08/29/mps-demand-status-reports-of-defunct-banks/#respond Tue, 29 Aug 2017 16:31:59 +0000 http://www.weinformers.com/?p=49626 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 […]

The post MPs demand status reports of defunct banks first appeared on Uganda Multimedia News & Information.

]]>

MP Abdu Katuntu

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 some reports of these defunct banks were given to the committee, those for Global trust bank and the National bank of commerce are missing among the submitted reports for the respective banks.

MPs also want Bank of Uganda to provide an imprest report at the closure of these Banks by Governor Bank of Uganda, Emmanuel Tumusiime Mutebile.

The post MPs demand status reports of defunct banks first appeared on Uganda Multimedia News & Information.

]]> https://www.weinformers.com/2017/08/29/mps-demand-status-reports-of-defunct-banks/feed/ 0 Mutebile cautions banks to explain loan terms to customers https://www.weinformers.com/2015/04/02/mutebile-cautions-banks-on-loan-terms/ https://www.weinformers.com/2015/04/02/mutebile-cautions-banks-on-loan-terms/#respond Thu, 02 Apr 2015 13:31:09 +0000 http://www.weinformers.net/?p=40528 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 […]

The post Mutebile cautions banks to explain loan terms to customers first appeared on Uganda Multimedia News & Information.

]]>
BOU Deputy Governor Dr-Louis-Kasekende (right) and his boss Emmanuel Mutebile

BOU Deputy Governor Dr-Louis-Kasekende (right) and his boss Emmanuel Mutebile

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 their clients which later becomes a burden for customers when its time to pay back.
Mutebile made the remarks while launching a Key Facts Document which shall be given to any bank client prescribing all the services offered by commercial banks country wide.
The Bank of Uganda Financial Consumer Protection Guidelines under Article 4 (2) enjoin all financial service providers to explain to customers the terms of the services they offer before the customers take on such services

The post Mutebile cautions banks to explain loan terms to customers first appeared on Uganda Multimedia News & Information.

]]> https://www.weinformers.com/2015/04/02/mutebile-cautions-banks-on-loan-terms/feed/ 0