commercial banks Archives

NEW: Credit Relief Measures to Mitigate the Economic Impact of COVID-19- Bank of Uganda .

KAMPALA, Friday, April 17, 2020 – Bank of Uganda (BoU) in its Monetary Policy Statement of April 06, 2020, made reference to credit relief measures to mitigate the adverse effects of the COVID-19 pandemic, ensuring financial sector stability, and facilitating the financial inter-mediation process during this pandemic period. The credit relief measures contained herein, do not eliminate the debtor’s obligation…

High ATM Charges Blamed on Foreign Switch Providers

4 years ago Staff

Ugandans are paying way too much to use their cards at different Automated Teller Machines with commercial banks blaming the issue of foreign switch providers and the cost of moving money. The switch service providers, including Visa, China Union Pay and MasterCard enable one to use an ATM that is not of their bank to access their cash. The interconnection…