Mr. Chairman, in order to build the buffers that will cushion banks against the likely deterioration in bank’s solvency position, the central bank encourages all banks to observe the prudential capital adequacy buffer ratio of 13 percent in making their dividend pay-out decisions.
He that follows this rule may be old in body, but can never be so in mind.” It is now my honour and pleasure to launch the Bank of Uganda Retired Staff Association. I wish the association the very best for the future and I am sure it will make a very useful contribution to the welfare of all retired staff of the Bank.