Therefore, the clearing of intra-bank liquidity flows has to a large extent moved from the dysfunctional money market to the Eurosystem’s balance sheet. Reflecting the increased role played in financial intermediation, the Eurosystem’s consolidated balance sheet (weekly financial statement) has increased by around 60% since the start of the turmoil.
It was the pioneer of the Point of Sale technology in Uganda with its benefits of promoting a cashless economy. In addition, the bank remains the sole issuer of American Express cards in Uganda. I also understand that the bank will soon launch the “CHIP and PIN” Visa cards, an innovation that will enhance the security features of the bank’s existing Visa card product.