Tag Archives | Tropical Bank Ltd

Uganda, Libya Sign Trade MoU

Libya and Uganda have signed a memorandum of understanding to bolster trade and tourism among the two nations, reports New Vision. "Just like in many other nations, there is still no official Libyan ambassador to Uganda, but we are optimistic that soon this issue will be sorted out so that we can boost trade and […]

Libyan-Owned Tropical Bank of Uganda Posts Loss as Deposits Drop

Tropical Bank Ltd., the Libyan- owned lender seized by Uganda’s central bank last year, said it posted a loss in 2011 after customer deposits declined. The loss totaled 624.2 million shillings ($249,256) in the 12 months through December, compared with a profit of 5.6 billion shillings a year earlier, the Kampala-based bank said in a […]