Guidance to Supervised Financial Institutions Following Security Developments in Kampala City

BANK OF UGANDA

OFFICE OF
THE EXECUTIVE DIRECTOR
SUPERVISION

37-45 KAMPALA ROAD,
P.O. BOX 7120,
KAMPALA

DIRECT LINE: 256-414-230051
GENERAL LINE: 256-414-258441
Ext 2403
FAX LINE: 256-414-258515
TELEX: 256-414-61059

CABLES: UGABANK
Email: info@bou.or.ug
Web site: www.bou.or.ug

EDS.306.2

16th November 2021

Circular to Chief Executives of Commercial Banks, Credit Institutions, Microfinance Deposit Taking Institutions and Forex Bureaus

Guidance to Supervised Financial Institutions following Security Developments in Kampala City

Following the explosions which took place in Kampala City on 16th November 2021, security agencies have advised all businesses and offices within the city to increase vigilance and enhance security measures at their premises.

In view of the foregoing, Bank of Uganda (BOU) advises all Supervised Financial Institutions (SFIs) to adopt the requisite security measures to ensure the safety of their staff, customers and premises at all locations both within and outside Kampala City.

Additionally, as the security situation continues to unfold, BOU hereby grants approval to any SFI, which may need to temporarily close its premises in order to secure its staff and customers. The institution shall immediately notify Bank of Uganda of the nature and duration of such closure.

Yours faithfully,

RNMbabazize
Robert Mbabazize
Ag. Executive Director Supervision

Copy: Governor
Deputy Governor
Director Commercial banking
Director NBFI

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