7 November 2010

Uganda: Kanungu Gets Its Second Commercial Bank

Kampala — KANUNGU district has got only its second commercial bank after PostBank opened its branch in the town council last week.

The branch opening came as a big relief to the banking population who have been travelling long distances or queuing at the only bank in district to access banking services.

During the week-long pre-opening and sensitisation programme, up to 800 clients opened up accounts, a reflection that they were hungry for the service.

The only bank in the district is located in Kihiihi town council, about 45km away.

Nuwamanya Muhambani, the PostBank area business manager, explained that the bank would provide tailor-made products bearing in mind a rural setting.

"We have in mind that there are several low income earners. We shall ensure that we encourage them so that they can also enjoy banking services," Muhambani said.

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