Robinah Mukasa, the Barclays bank Uganda Spokesperson told URN they were going ahead to change all their branches to Absa. After the branding is complete, it will cease using the name Barclays and instead use Absa.
Seven more banks were closed in Mbale on Wednesday morning in an operation to crackdown on defaulters of property rates tax. They include DFCU, Housing Finance Bank, Barclays Bank and Diamond Trust Bank. Others are Global Trust Bank, UBA bank and Opportunity Bank.
Bank of Uganda has assured Ugandans, particularly customers of Barclays Bank, that the scandal over cooked up lending rates shaking the global bank\'s headquarters in London, won\'t affect its local subsidiary in Uganda.
The Ugandan shilling fell against the dollar again on Monday. Traders said on Monday that substantial oil-sector demand for dollars has pushed it to another record low.
