Tropical Bank Ltd., a Libyan-owned Ugandan lender, will be unaffected by United Nations-backed sanctions imposed on the North African country, the Bank of Uganda said.

Tropical Bank Ltd., the Libyan-owned lender seized by Uganda’s central bank last month, said full-year profit almost doubled as deposits and loans grew. Net income surged to 5.65 billion Ugandan ...

Managing Director Osama Rami Serrag said Bank of Uganda had on three occasions (1979-80, 1983-84 and 2011-2012) come to Tropical bank's support during difficult times in Libya and Uganda.

Senior Tropical Bank managers, including the executive director Denis Muganga Kakeeto, have been sacked over fraud, according to Bank of Uganda. Mr Kakeeto including Mr Maurice Mugwiri, the ...

TROPICAL Bank has said all clients' deposits are safe despite sanctions against Libya and the move by Bank of Uganda to take over management of the financial institution.

Bank of Uganda Tuesday returned mag't of Tropical Bank to the Libyan Foreign Bank(LFB) following a UN resolution to lift sanctions against the LFB and associated entities.

Uganda's central bank has handed back to Tripoli control of a major Libyan-owned bank which it seized last year following U.N. Security Council sanctions targetting Muammar Gaddafi.

KAMPALA, March 25 (Reuters) - Uganda's central bank said on Friday it would appoint new members to the board and management of Libyan-owned Tropical Bank to ensure it is not under the sway of the ...

British Arab Commercial Bank (BACB) has signed a collaboration agreement with leading Uganda-based commercial lender Tropical Bank Limited (Tropical Bank) to mutually support a range of projects ...

TROPICAL Bank is financially sound and will not be affected by the unfolding events in Libya, the Bank of Uganda (BoU) has said. Tropical Bank safe, says Central Bank - New Vision Official ...

The Sofgen group, an international banking IT consulting firm, is pleased to announce the successful "go-live" at Tropical Bank Limited, Uganda, of Harland Financial Solution's CreditQuest, a ...

However, Bank of Uganda, yesterday told Daily Monitor, the trio had been sacked because of fraud contrary to claims that they had resigned due to the unhealthy financial conditions of Tropical Bank.