Regulatory Alerts2010-01-01
Financial Institutions (Revision of Minimum Capital Requirements) Instrument 2010
The Ugandan Minister of Finance, acting on the Central Bank's advice, has issued this instrument to revise minimum capital requirements for banks operating in Uganda. The regulation mandates that banks maintain a minimum paid-up cash capital and unimpaired capital funds of at least 1,250,000 currency points. Existing banks are granted a phased transition period, allowing them to initially meet a 500,000 currency point threshold by March 2011 before reaching the full requirement by March 2013.
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