Tropical bank, Stanbic bank, and Centenary bank have written a note to customers that their doors will be open between 8:30 and 5pm, a step away from the last three months routine where the banks opened at 9am and closed at 3pm.
To compound its stellar show, the bank expanded its assets by at least Shs 500bn to Shs 3.6tn – although this is just half of what Stanbic bank, the market leader, published last month.
Monsignor John Baptist Kauta, the Secretary-General of the Uganda episcopal conference, which brings together all the bishops in the country told the requiem mass at St Charles Lwanga Catholic Church, Ntinda on Monday that Kagugube was instrumental at the time when many banks were collapsing either because of poor corporate governance or due to failure to align their businesses with the local needs.
Police at Wandegeya Police Station is holding in custody the Nyakasura Alumni Association treasurer, who is also a recently fired employee of DFCU bank, for allegedly using his position in the bank and stealing over 133 million Shillings from Association accounts held in three banks.
Fabian Kasi, the Managing Director Centenary Bank says they are conducting investigations stemming from complaints from some customers that their PINs had been used.
Kampala Capital City Authority—KCCA council has kicked Centenary Bank out as the financial institution to handle the 3.35billion shilling youth fund.
