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 […]
Although Bank of Uganda Governor Tumusiime Mutebile, President Museveni and the government in general have always been quick to close banks owned by the private seen as anti government including the Greenland bank, owned by late Sulaiman Kiggundu, they have refused to close the National Bank of Commerce formerly Kigezi Bank of Commerce owned […]
The vice chairman board of directors at Uganda co-operative alliance, Byamugisha Lamuel reveals that farmers are in last stages of re-opening the cooperative bank which closed down in the late 90s. Byamugisha says, they now have the 1 billion Uganda shillings as initial capital and are moving to engaging the central Bank to have them licensed to start operations. He also […]