Thursday, July 3, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
ADVERTISEMENT

Bank of Uganda grants 4th credit bureau license to Armada Credit Bureau Limited

by LILIAN MUWONGE | UG STANDARD REPORTER
24/11/2023
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on Twitter
Armada Offices at H&G Chambers building on Lumumba Avenue.- Kampala 2
Armada Offices at H&G Chambers building on Lumumba Avenue.- Kampala

Bank of Uganda grants 4th credit bureau license to Armada Credit Bureau Limited
In a significant development for the financial landscape of Uganda, the Bank of Uganda (BoU) has officially granted an operating license to Armada Credit Bureau (Armada CRB), marking its establishment as the fourth credit bureau in the country.

This licensure reflects the regulatory authority’s recognition of Armada CRB’s commitment to maintaining the highest standards in the credit reporting industry, having fulfilled all of BoU’s stringent conditions for securing a CRB operating license.

Related posts

Bishop Lwere with some of the Judicial officers who participated in the Prayer Breakfast.

Bishop Lwere warns Judicial officers against Corruption

28/06/2025
170
Minister , Gen David Muhoozi addressing the gathering at Golf Course Hotel on Thursday. (Courtesy photo)

Violence free elections is everyone’s responsibility – Minister Muhoozi

27/06/2025
167
Women Coffee farmers

Women Coffee Farmers Demand Recognition and Support

26/06/2025
157
Mwesigwa Rukutana (middle) with other lawyers representing the Balalo

Balalo petition High Court over looming eviction from Northern Uganda

25/06/2025
157

As a licensed credit bureau, Armada CRB is poised to contribute significantly to Uganda’s financial sector and facilitate informed decision-making for creditors across diverse industries.

Armada CRB, according to its website, has its vision as: “being the leading and most trusted single source of reliable and actionable insights for individuals, businesses and non-corporate entities.”

“Our mission is to facilitate value creation and trust between creditors and their customers through the power of data and analytics,” the company says of its vision on the website.

Armada CRB aims to be a pivotal player in enhancing the credit ecosystem of Uganda by offering a comprehensive suite of services to all categories of creditors. Whether working with financial institutions, micro-finance organisations or individual creditors, Armada CRB is committed to providing reliable and timely credit referencing services.

The establishment of Armada CRB aligns with the broader national strategy to promote responsible lending and borrowing practices, thereby fostering a healthier and more sustainable financial environment.

Banks and nonbank credit-granting institutions are expected to leverage Armada CRB’s credit reporting systems to screen borrowers, monitor risk profiles, and enhance the efficiency of loan portfolios.

Credit bureaus play a significant role in promoting access to credit, discouraging excessive borrowing and rewarding responsible borrowing and repayment.

In a competitive credit market, these efforts ultimately lead to lower interest rates, benefiting consumers and fostering a healthier financial environment.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Featured

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
304

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
616
Minister of Health Dr. Ruth Aceng and Permanent Secretary Dr. Diana Atwiine pay their respects at the burial of Dr. Joshua Musinguzi, a champion in the fight against HIV/AIDS in Uganda. Their presence honors his legacy and dedication to improving healthcare in Uganda.

 FULL LIST: Health Service Commission Shortlists Applicants for Key Roles

18/06/2025
1k
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
495
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4363 shares
    Share 1745 Tweet 1091
  • How to Renew Your National ID Online: NIRA Pre-Registration Portal 2025 Guide

    3925 shares
    Share 1570 Tweet 981
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2661 shares
    Share 1064 Tweet 665
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3322 shares
    Share 1348 Tweet 823
  • How to Check PLE Results 2024 on Phone, Online

    1783 shares
    Share 713 Tweet 446
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1650 shares
    Share 660 Tweet 413
  • MPs clear govt to cancel 2020 academic year

    2796 shares
    Share 1150 Tweet 686

Recent Articles

Kakuru pledges to amplify voices of entrepreneurs after historic nomination

02/07/2025
Sheila Agaba (centre), the Business Manager at the Stanbic Business Incubator Limited, posing for a photo with other stakeholders at the event

Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania

02/07/2025

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

02/07/2025
The accused persons in court today.

Vandalism of Electricity Equipments: 17 charged with terrorism

02/07/2025
The Gazelles

Gazelles summoned to start preps for 2025 Afrobasket

02/07/2025
Makerere University announces the release of 2025/2026 self-sponsored undergraduate admission lists, detailing successful direct entry A-Level applicants

FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

02/07/2025
President Museveni assents to nine new bills, including key tax amendments, to boost Uganda's domestic revenue and fiscal discipline for the 2025/26 financial year.

Museveni approves nine new tax laws to bolster revenue

02/07/2025

Recent CommentsRecent Comments

  • The Journey of Ibrahim Traoré on How President Ibrahim Traoré’s ambitious vision is driving Burkina Faso’s economic growth push
  • Ugandan Scientists Finalists For European Inventors Prize — Press Uganda on Ugandan scientists finalists for European inventors prize
  • Government Pumps UGX1 Trillion Into UDB To Drive Industrialization, SME Growth — Press Uganda on Government pumps UGX1 Trillion into UDB to drive Industrialization, SME growth
  • PS Ggoobi Tips On Building USD 500b Economy — Press Uganda on PS Ggoobi tips on building USD 500b economy
  • Museveni Meets German Envoy Matthias Schauer After Subversion Claims — Press Uganda on Museveni meets German envoy Matthias Schauer after subversion claims

UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Kakuru pledges to amplify voices of entrepreneurs after historic nomination
  • Stanbic partners with GIZ to support women in green businesses in Uganda, Kenya and Tanzania
  • HELLEN MASIKA: From Darkness to Solar Light in Kijumba 
  • Vandalism of Electricity Equipments: 17 charged with terrorism
  • Gazelles summoned to start preps for 2025 Afrobasket
  • FULL LIST: Makerere University Releases 2025/2026 Self-Sponsored Admission Lists

OpED

HELLEN MASIKA: From Darkness to Solar Light in Kijumba 

Why de-register a Motor Vehicle in Uganda: and Consequences of Non-Compliance

Challenges of taxing law firms in Uganda

SHEILA ABOTH: Maternal healthcare must be everyone’s business because it takes a village

DARIUS NIWAHA KISHAHO: Securing Health After Retirement: Why a Post-Retirement Medical Cover is a Necessity, Not a Luxury

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d