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The bank dates to 1945, when it was operating as the Diamond Jubilee Investment Trust (DJIT), with its head office in Dar es Salaam, Tanzania, and branches in Mombasa, Kenya and Kampala, Uganda. Branches were later opened at Nairobi and Kisumu in Kenya .
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda [1] [2] and taking into account the more recent downgrading of three banks to other credit institutions.
Diamond Trust Bank Group, in short DTB Group, is an African banking group active in Burundi, Kenya, Tanzania, and Uganda.The flagship company of the group, Diamond Trust Bank Kenya, is licensed by the Central Bank of Kenya, the central bank and national banking regulator in Kenya, the largest economy in the East African Community.
The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. 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]
Leadership, Banking expertise Nasim Mohamed Devji , is a Kenyan businesswoman , accountant and corporate executive , who serves as the managing director and chief executive officer of Diamond Trust Bank Group , a commercial banking conglomerate, with headquarters in Nairobi and banking subsidiaries in Burundi , Kenya , Tanzania and Uganda .
In July 1994, the BoU established the fund as a department of the bank, with three objectives: [5] 1. Protect small depositors from losing their savings if and when banks failed [6] 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 ...
The United Nations Security Council on Tuesday sanctioned six people from five armed groups in eastern Democratic Republic of Congo (DRC) as violent clashes escalate in the region between the ...
He is the longest-serving chief executive in the Bank of Uganda's history as well as the Africa’s longest-serving central bank governor at the time of his death. [ 7 ] [ 8 ] He is credited with many of the sound economic policies adopted by the Uganda government at the urging of the central bank during the 1990s and the first decade of the 2000s.