Regulatory Alerts2022-06-01
Consultative Meeting on Proposed Increase in Paid-Up Capital Requirements for Commercial Banks, Credit Institutions and Micro Deposit Taking Institutions
The Bank of Uganda proposes increasing the minimum paid-up capital requirements for Commercial Banks, Credit Institutions, and Micro Deposit Taking Institutions to match economic dynamism, enhance shock absorption, and align with regional peers. The revised thresholds will raise Commercial Bank capital from USh.25 billion to USh.150 billion, Credit Institutions from USh.1 billion to USh.25 billion, and Micro Deposit Taking Institutions from USh.0.5 billion to USh.10 billion. To facilitate stakeholder feedback on these long-overdue adjustments, the regulator is hosting a virtual consultation meeting on August 26, 2021.
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