Centenary Bank And Prudential Uganda Launch Diaspora Funeral Cover

Centenary Bank together with Prudential Uganda have launched the Diaspora Funeral Cover. Under this product, Centenary Bank will be covering for the services needed by its clients abroad. These will include availing transportation for the customers’ loved ones back to Uganda and giving proper necessary funeral services in case they unfortunately lose them. This product arrives under the Bancassurance service…

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Stanbic Bank runs to Court to Claim Shs 24.7B

Stanbic Bank has sought Court intervention as it seems to recover Shs 27.4b. The bank accuses Fol Logistics and it’s managing director Mohammed Ahmed Bawazir for defaulting this payment. Stanbic bank says that Fol Logistics has been a customer under a beneficial mutual relationship since the 21st of January 2014 according to a law suit filed before the Commercial Division…

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DTB Bank Doomed As Clients Withdraw Their Savings Over Tycoon Ham’s Shs120Bn

DTB Bank Doomed As Clients Withdraw Their Savings

There is pandemonium at Diamond Trust Bank (DTB) Uganda! As you read this, sources reveal that several of their clients are withdrawing their savings citing loss of trust and integrity in the bank’s senior executives, after they were accused of illegally siphoning over Shs120Bnn from businessman Hamis Kiggundu aka Ham’s accounts. Senior executives of both DTB Uganda and DTB Kenya…

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NOT OVER! Court serves criminal summons to Aga khan Boss, DTB Officers in Ham’s case

NOT OVER! Court serves criminal summons to Aga khan Boss, DTB officers in Ham’s case

Turning into an electronic fraud case, Ham’s DTB case has once again escalated swallowing the Aga Khan Founder and Chairman, and more three (3) Diamond Trust Bank Officers in the new criminal summons issued by the Buganda Road Magistrate Court as of 13th September 2021. Those summoned include; Prince Karim, Nassim Muhamed Devji- Group Chief Executive Officer and Managing Director…

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4 online banking solutions for a small business

5 Key steps to follow while paying online using a credit card - online banking

Are you a small business that is trying to embrace online banking so as to simplify things for your clients? Well in case you have been wondering which online banking solutions you can adopt, here are the top 4 online banking solutions you can adopt. 1. Enable credit card payments: Grant your clients the option to pay bills while using…

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Importance of ATMs in the digital banking era

Importance of ATMs in the digital banking era

Automated Teller Machines or ATMs are electronic banking outlets that allow customers to complete basic transactions without the aid of a branch representative or a teller. To transact while using these machines, a client needs either a credit card or a debit card to ensure that they can complete whatever transaction they plan on accomplishing. However, ATMs vary and come…

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