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词条 Uganda Co-operative Bank
释义

  1. Overview

  2. History

  3. Shareholding

  4. See also

  5. References

  6. External links

{{Use dmy dates|date=August 2017}}{{Infobox company
| name = Uganda Co-operative Bank
| logo =
| type = Public company
| traded_as =
| foundation = 2018 (expected)
| location = Kampala, Uganda
| key_people =
| num_employees =
| assets =
| revenue =
| industry = Financial Services
| products =
| homepage =
}}Uganda Co-operative Bank is a proposed commercial bank expected to be established in Uganda, the third-largest economy in the East African Community.[1] The new institution is expected to "enhance the availability of affordable financing to viable projects in agriculture and micro and medium scale enterprises development" in the country.[1]

Overview

Uganda's co-operative societies, traders and farmers experience difficulty in accessing loans from commercial banks, on account of high interest rates and unfavorable repayment terms.[2] In June 2016, Amelia Kyambadde, the Minister of Trade, Industry and Cooperatives (MoITC), disclosed that the Ugandan cabinet had approved the establishment of Uganda Cooperative Bank. The MoITC is "tasked with coordinating enterprise-based cooperative movements to merge into the bank".[2]

History

An institution with the same name was established in the 1960s as a commercial bank. That bank was closed on 19 May 1999, by the late Charles Kikonyogo, the governor of the Bank of Uganda at that time. The reasons given for its closure were "inadequate capitalization" and "insolvency to the tune Sh4.8 billion, as at 31 December 1998".[3] The EastAfrican reported in June 1999, that the bank's collapse was as a result of the withdrawal of support by USAID, and a case of fraud involving bank officials.[4]

Since 2008, there have been efforts to re-open the bank or create a replacement.[5][6]

Shareholding

The shareholders in the new bank are expected to include the following, among others: 1. Kyankwanzi Sacco Limited 2. West Mengo Cooperative Union Limited 3. Bunyoro Growers’ Cooperative Union 4. East Mengo Cooperative Union Limited 5. West Acholi Cooperative Union Limited and 6. Masaka Cooperative Union Limited.[2]

See also

  • Banking in Uganda
  • List of banks in Uganda

References

1. ^{{cite web|title=Cooperative Bank to be revived | accessdate=21 August 2017 |date= 14 May 2014 | location=Kampala| url=http://www.newvision.co.ug/new_vision/news/1340652/cooperative-bank-revived | first=John | last=Odyek | newspaper=New Vision}}
2. ^{{cite web| date=13 May 2016 | url=http://www.newvision.co.ug/new_vision/news/1424421/govt-revive-uganda-cooperative-bank |title=Government to revive Uganda Cooperative Bank | first=Nelson |last=Kiva |newspaper=New Vision |location=Kampala |accessdate=21 August 2017}}
3. ^{{cite web| url=http://allafrica.com/stories/199905200054.html | title=Uganda: Cooperative Bank Closed |accessdate=21 August 2017 | date=20 May 1999 | location=Kampala| newspaper=New Vision via AllAfrica.com | author=Vision Reporter}}
4. ^{{cite web| accessdate=21 August 2017 | author=EastAfrican Reporter| date=2 June 1999| url=http://allafrica.com/stories/199906020114.html |location= Nairobi |newspaper=The EastAfrican via AllAfrica.com| title=Uganda: USAID Link in Co-op Bank Closure}}
5. ^{{cite web|title=Uganda: Cooperative Bank to Be Revived | url=http://allafrica.com/stories/200812100071.html | location=Kampala | newspaper=New Vision via AllAfrica.com |last=Muwanga| first=David|accessdate=21 August 2017 |date=9 December 2008}}
6. ^{{cite web| url=http://ugandaradionetwork.com.dedi3883.your-server.de/story/we-want-cooperatives-bank-back-cooperators |title=Cooperators in Fresh Push to Restore Cooperative Bank |accessdate=21 August 2017 |date=16 June 2017 |first= David |last=Rupiny |publisher=Uganda Radio Network|location=Kampala}}

External links

  • Ministry of Trade Industry and Cooperatives
  • Uganda: Will Uganda's Bank for Cooperatives Be a Reality?

4 : Banks of Uganda|Companies of Uganda|Proposed organizations|Kampala

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