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Bank of Uganda downgrades GT, ABC, Opportunity banks to Tier II

Bank of Uganda downgrades GT, ABC, Opportunity banks to Tier II
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Fire forces banks to downgrade

Three commercial banks in Uganda will transition from Tier I commercial banks to Tier II credit institutions, the Bank of Uganda said in a statement on Wednesday. The three institutions, ABC Capital Bank, Guaranty Trust Bank and Opportunity Bank, now have three months to make the transition. This will include phasing out products and processes ....

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