National Bank Of Commerce News

Greenland Bank shareholders want sh785b from BoU

The banks are Teefe Trust Bank Ltd (1993), International Credit Bank Ltd (1998), Green land Bank (1999), The Co-operative Bank (1999), National Bank Of Commerce (2012), Global Trust Bank (2014) and Crane Bank in 2016.

New Vision , Uganda Feb 14, 2019

MMAKS advocates lawyers quizzed on conflict of interest

A case in point is the closure and sale of the National Bank Of Commerce (NBC) in 2012.

The Independent , Uganda Feb 13, 2019

BOU: Lawyers of MMAKS Advocates quizzed on conflict of interest

A case in point is the closure and sale of the National Bank Of Commerce (NBC) in 2012.

The Independent , Uganda Feb 13, 2019

Kasaija blasts BoU over closed banks

BoU faulted Mr Kasaija was commenting on BoU’s failure to revive the troubled banks, especially local banks and why the central bank closed National Bank Of Commerce (NBC) and Crane Bank even after the shareholders of the two banks submitted clear capitalisation plans and even mobilised part of the required money the central bank had demanded.

Daily Monitor , Uganda Feb 9, 2019

I was coerced to buy National Bank of Commerce – Sudhir

Kampala, Uganda | THE INDEPENDENT | Businessman Sudhir Ruparelia says he was forced to acquire National Bank Of Commerce (NBC), days after it was closed by the Bank of Uganda.

The Independent , Uganda Feb 7, 2019

Greenland bank shareholders demand accountability of assets

The banks include Teefe Trust Bank, International Credit Bank Ltd, Greenland Bank, Uganda Co-operative Bank, National Bank Of Commerce, Global Trust Bank and Crane Bank Ltd.

The Independent , Uganda Feb 6, 2019

NBC saga: Inside BoU, Crane Bank deal

By Thembo Misairi Kahungu Kampala- A day after former shareholders of National Bank Of Commerce raged over what they called “illegal closure” of their bank, new details from the on-going inquiry into closed banks show that the bank was sold on phone.

Daily Monitor , Uganda Feb 6, 2019

Natonal Bank shareholders demand Sh295bn for ‘illegal closure’

Kampala, Uganda | THE INDEPENDENT | Former Shareholders of the defunct National Bank Of Commerce (NBC) are demanding sh295 billion as compensation from Bank of Uganda (BoU) over the closure of their Bank.

The Independent , Uganda Feb 5, 2019

LIVE: Uganda Today - Tuesday February 5

Six years since the National Bank Of Commerce (NBC) was closed, the stakeholders and directors believe the Central Bank acted outside the law and illegally closed it.

New Vision , Uganda Feb 5, 2019

Mbabazi, Rukikaire pin Bagyenda on NBC closure

By SOLOMON ARINAITWE Parliament- Former shareholders of the National Bank Of Commerce (NBC) yesterday said Ms Justine Bagyenda, former Bank of Uganda (BoU) executive director for commercial banks supervision, closed their bank even after they had raised the Shs7b the central bank had set as the requirement for capitalisation.

Daily Monitor , Uganda Feb 5, 2019