Banking
3 Ugandan Banks Downgraded: Transitioning to Tier II Status
Three commercial banks in Uganda are making changes. They will move from Tier I commercial banks to Tier II credit…
Credit Bureau Fee Scandal Rocks Stanbic Bank
Stanbic Bank Uganda Investigates Alleged Mismanagement of Credit Reference Bureau Fees Stanbic Bank Uganda is taking strict action against staff…
Pregnancy Scandal Exposes Alleged Sex Network at Stanbic Bank’s Soroti Branch
A scandal involving a pregnancy has revealed a network of sexual activity at Stanbic Bank's Soroti branch. Information obtained suggests…
GTBank Uganda Shifts from Commercial Bank to Credit Institution
Guaranty Trust Bank (Uganda) Ltd., known as GTBank Uganda, has announced its decision to transition from a Tier-one commercial bank…
African Union Plans Launch of Credit Ratings Agency
The African Union is making strides towards launching a proposed credit ratings agency by December 31, aiming for an annual…
Uganda Embraces Islamic Banking with Launch of Salaam Bank
President Yoweri Kaguta Museveni has introduced Salaam Bank, the inaugural licensed Islamic Banking institution in Uganda. This establishment marks a…
