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2. Maintain the stability of Uganda's financial sector and payments system, and 3. Enhance public confidence in the banking system and the financial sector of the country. [5] The 2004 Financial Institutions Act provided for the formation of the DPF. [13] The UMDPF was created to protect depositors in deposit-taking microfinance institutions in ...
This is a list of regulated "Microfinance Deposit-taking Institutions" in Uganda. They are supervised and regulated by the Uganda Microfinance Regulatory Authority (UMRA). [1] FINCA Uganda Limited [2] Pride Microfinance Limited [2] UGAFODE Microfinance Limited [2]
As far back as 2013, the government of Uganda announced its intentions to create a government agency to regulate money lenders who were not regulated by the central bank. [3] In May 2016, the Parliament of Uganda passed the Tier IV Microfinance Institutions Act, to take effect on 1 July 2017. The establishment of the UMRA was a key provision of ...
Hungarian Financial Supervisory Authority (2000–2013) Financial Regulator (Ireland) (2003–2010) Lithuanian Securities Commission (1992–2011) Financial Services Board (South Africa) (1990–2018) Financial Services Authority (2001–2013) in the United Kingdom
The Uganda Development Bank is a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda. [1] The East African Development Bank (EADB), established in 1967, was jointly owned by Uganda, Kenya, and Tanzania. It was also ...
Following the review of the banking laws in Uganda that led to the financial Institutions Act of 2004, MCB was categorised as a Tier II Institution. As a tier II financial institution, MCB is allowed to establish customer savings and fixed deposit accounts and other core banking products including provision of credit facilities, fund transfers ...
FINCA Uganda was licensed as an MDI in 2004, although the institution has been in the country since 1992. [4]FINCA provides financial services to Uganda's lowest-income entrepreneurs with the aim of alleviating poverty through lasting solutions that help people to create jobs, build assets, and improve their standard of living.
The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures