News and Updates
Press releases and customer notices from Orient Bank.
October 15, 2019
Orient Bank Uganda Limited partners UnionPay for card acquiring business
UnionPay Cards are now accepted at all ATMs and POS terminals of Orient Bank.
“This is yet another demonstration of our commitment to anticipate and meet our customer needs through technology, innovation and partnership. Uganda and China enjoy a robust trading relationship which relies greatly on each country’s integration into the global financial system if ease doing of business is to be attained,” Darshana Bhatia, Orient Bank ED.
October 7, 2019
Successful candidates for the Orient Business Academy 2019
Congratulations to the successful Orient Business Academy candidates. Training starts this Saturday 12th October 2019 8:30am to 1:00pm at Orient Corporate Centre, Nyonyi Gardens.
October 3, 2019
Notice: dormant accounts
This is to notify our customers with dormant accounts to visit any Orient Bank Branch with supporting documentation to regularise them within two weeks of this notice.
For more information please contact our 24-hour Customer Contact Center on +256 555 0144.
July 24, 2019
Orient Bank launches new Medical and Life insurance cover
Today we unveiled a combined Medical and Life Insurance cover dubbed MediLife, a first of its kind in the market, in partnership with the world’s oldest, largest and strongest insurance company, Prudential and Uganda’s leading Health Membership Organization, International Air Ambulance (IAA).
“The purpose of the Medilife insurance cover is to lessen the burden on our customers who have people they care for, enabling them to save more while ensuring that their dependants have access to the best medical facilities in the country at only 59,000/= per month,” MD Julius Kakeeto.
To sign up for Orient Medilife visit any Orient Bank branch, call +256 555 0144 for more details.
June 12, 2019
Orient Business Academy press release – 2019
Today we launched the Orient Business Academy as part of our CSR programme. The Business Academy will run for 10 weeks facilitated by Makerere University Business School.
Participants will compete for UGX 60m cash prize for business development. To qualify for the Orient Business Academy, any small business that has been in operation for between 1 and 3 years (12 to 36 months) and has an annual turnover of less than UGX 120 million is eligible to participate in the Orient Business Academy.
Interested persons are required to submit a duly completed registration form, with a registration certificate, a copy of a valid identity card and 1 passport photo to Orient Bank by 11th July 2019.
June 22, 2018
Orient Bank launches FastPay mobile banking service
Orient Bank Uganda Limited has today celebrated 25 years of banking excellence in Uganda by launching a revolutionary mobile banking application FastPay. The mobile banking application launched by the Governor Bank of Uganda Emmanuel Tumusiime Mutebile allows convenient account opening from wherever one is with just a mobile phone and a national ID.
Speaking at the celebrations, Bank of Uganda Governor said; “To succeed in today’s competitive environment Banks must harness the power of innovation in providing financial services needed by business and in this regard Orient Bank has actively designed customer focused products and services in order to achieve competitive advantages. I congratulate the Bank”.
July 12, 2017
Orient Bank Bweyogerere Branch officially opened
Bweyogerere Branch was officially opened on Tuesday 11th July 2017 by Mrs. Justine Bagyenda, the Executive Director Supervision, Bank of Uganda who urged consumers to demand for their rights when they access financial services from any financial institution. The event was graced the Orient Leadership Team led by Managing Director Orient Bank, LCIII Chairperson & Town Clerk Kiira Municipality.
April 24, 2017
Orient Bank Business Academy Graduation – Pioneer Class
The Orient Bank Business Academy season one was concluded on Thursday 20th April 2017 with a graduation ceremony that was presided over by the Deputy Governor Bank of Uganda Dr. Louis Kasekende.
As part of the training, the small businesses were tasked to come up with growth plans for their businesses. The 5 businesses with the best growth plans were to win funding of up to UGX 30 million depending on the feasibility of their plans & their business needs.
2ambale, an e-commerce business, emerged the best student of the Orient Business Academy after developing the best business growth plan and was awarded 20 million shillings by the bank to grow their business.
Elma Foods, emerged second and were awarded 10 million shillings to grow their business.
Other businesses that were awarded funding were Happy Bee Honey, Mutundwe Chalk Factory and African Culture Leather Factory who walked away with 5 million shillings each.
September 5, 2016
Orient Bank launches Business Academy for Micro & Small Enterprise
Orient Bank has launched a business academy to provide Micro and Small Enterprises with business management training and financial support to enable them grow and contribute to Uganda’s job creation and economic development. Speaking at the launch of the academy, Orient Bank MD, Julius Kakeeto noted that although Uganda has the highest levels of entrepreneurship in the world, it also has one of the highest business failure rates with most business start-ups dying within 5 years. The Chief Guest at the launch was the Deputy Governor, Bank of Uganda, Dr. Louis Kasekende who commended Orient Bank for the initiative saying that SMEs are an engine of economic growth and must be supported by both government and the private sector. The academy that is being run in partnership with the Makerere University Business School (MUBS) – Entrepreneurship Centre will train 20 to 30 Micro and Small Businesses and provide business growth funding of up to 30 million shillings. Dr. Moses Muhwezi, the Deputy Principal, MUBS was also at the launch and he welcomed the partnership with Orient Bank.
Applications to the Orient Business Academy run from 5th to 23rd September at any Orient Bank branch in Kampala and Wakiso.
February 28, 2015
Old Guard back at the top
The Old Guard and one of the founders of Orient bank, Ketan Morjaria, has taken back stake at the bank under the founder’s consortium.
February 2015
Orient Bank acquires new shareholding
Orient Bank has recently undergone a divestiture process which has led to the exit of 80 % majority shareholders, Keystone Bank Limited and the entrance of New Shareholders under the founder’s consortium
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