Bankers’ body speaks out on capital revision
The industry regulator, Bank of Uganda (BOU), seeks to increase the minimum paid-up capital requirements for commercial banks from sh25b to sh150b, credit institutions from sh1b to sh25b, and microfinance deposit-taking institutions (MDIs) from sh500m to sh10b.
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Wilbrod Owor, executive director at Uganda Bankers Association. (Photo by Ali Twaha)
By NewVision Reporter
Journalists @NewVision
The Uganda Bankers Association (UBA) has said a majority of financial sector players are in agreement with the proposal to revise paid-up capital requirements upwards, citing increased risks in the