The primary role of banking is to mobilise deposits and safety re-lend them on a sound basis. Risk taking is central to banking. Banks are successful when the risks thyme take are reasonable, controlled and within their financial resources and reedits competence.

According to the Financial Institutions Act 2004, Bank of Uganda (BOU) issued Financial Institutions regulations 2005 which will apply to all financial institutions businesses in Uganda.

2.2 REQUIREMENTS FOR LOAN APPLICATION:

2.2.1 General requirement:

Customers application in writing
Cash - flow projections indicating loan repayment schedules
Customer profile
Customers/Directors financial statements
Photocopy of proposed security with valuation report
Valid powers of Attorney in case of 3rd party securities
Audited accounts for the last 3 years by certified professional Accountant/Auditors

2.2.2 Partnership/Registered business name:

Partnership deeds
Certificate of registration
Certificate of particulars
Registered resolution to borrow

2.2.3 Limited Liability Companies:

Memorandum and Articles of Association
Certificate of Incorporation
Registered Resolution to borrow

2.2.4 Co-operatives Societies and Unions:

Bye- Laws
Maximum liability form
Certificate of Registration

Uganda Safari

Uganda Safari

Uganda Hotels

Kampala Hotels

Uganda Hotel Reviews

Uganda Safari

Next >>