COURT SHIELD! PearlBank Saved from Shs15.3m Compensation Blow
The High Court has overturned a lower court ruling that held PostBank Uganda liable for wrongly paying more than UGX15.3 million intended for a Ministry of Internal Affai...
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Court Declines to Declare Kampala Businessman Bankrupt, Gives Bank Greenlight to Sell His Property
High Court’s Commercial Division has dismissed a bid by businessman and former property developer, Sendyona Mukasa Edward to be declared bankrupt, paving the way f...
OPINION: 623 Cases, UGX 2 Trillion at Stake: Why Uganda Must Rethink How Banking Disputes Are Resolved:
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 t...
Finance Trust Bank to surrender commercial license for Tier II status
Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the le...
Inside Job: Suspect in PostBank Shs 500 Million Counterfeit Arrested
Post Bank has said that its staff colluded and put fake currency in its branch in Mbale.This week, the bank confirmed that its internal control mechanism had discovered c...
To cap or not to cap interest rates
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, th...
Some EFC, Mercantile depositors yet to pick their money, says DPFÂ
The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arr...
BoU closes EFC Uganda Limited
Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of i...