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Aug 4 results
10:18
10:18

Mutebile Warns Banks Against Refusing to Reduce Interest Rates on Loans commercial banks 1

Mutebile, who appears to make a U-turn from earlier position that banks can charge borrowers based on their own assessments, says he was disappointed that banks had refused to reduce charges on loans to spur growth.
17:17
17:17

BOU Orders Banks to Suspend Bonus, Dividend Payments covid-19 1

Also, in another circular on Friday, BOU allowed banks' request to work from 9:00am to 3pm on weekdays and close branches on weekends.
12:55
12:55

BoU Persuading Commercial Banks to Reduce Interest Rates - Mutebile central bank rate 1 1

Bank of Uganda BoU Governor Emmanuel Tumusiime-Mutebile has said that the central bank has been and continues to persuade commercial banks to lower interest rates. Mutebile says for the last three years BoU has been reducing Central bank Rate CBR but commercial banks have not moved in tandem with central bank in reducing interest rates.
09:55
09:55

Expert Calls for Widening of Credit Reference Bureau Market crb

There is need for widening the Credit Reference Bureau (CRB) market in order to capture all bank credits as well as all forms of credit ahead of its liberalization in November this year, a CRB expert has said. The Ministry of Finance plans to open the operations of the CRB to more players, breaking the three-year monopoly by Compuscan, a Bank of Uganda mandated firm.
Aug 4 results