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Why majority of depositors in two failed Ugandan banks cannot be paid
DPF started to pay depositors of the two financial institutions within six days after ...
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Big depositors in failed Ugandan lender could lose money
Read: Uganda central bank closes undercapitalised Mercantile Credit Bank“Some depositors of the defunct bank might be forced to accept a haircut of about 50-60 percent of their deposits.
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Why majority of depositors in two failed Ugandan banks cannot be paid?
This frustrated the compensation process after the closure of EFC Uganda Ltd and Mercantile Credit Bank in January and June 2024 respectively, allowing savers to only access Ush613.75 million ...