By Our Reporter
Bank of Uganda has assured Barclays Bank customers that the scandle affecting its mother bank ,Barclays Bank England will not affect them.
BoU Deputy Governor, Louis Kasekende told journalists in a media briefing on Tuesday that the scandal in Barclays Bank England is likely to have no impact on its Ugandan subsidiary.
US and UK authorities have slapped Barclays Bank England with a fine of $450 million (about Shs1.1 trillion) for attempting to falsify its London Interbank Offered Rate.
“The penalties which Barclays Bank England has been ordered to pay will have no major impact on its global subsidiaries such as Barclays Bank Uganda,”Kasekende said.