UGANDA, Kampala | Real Muloodi News | Housing Finance Bank says it’s Diaspora customers can now invest in bills and bonds from anywhere, through the Bank’s Securities Exchange platform on the bank’s website.
Customers who wish to participate will need a Housing Finance diaspora account, which can be opened from any location at any time using the Housing Finance Mobile Banking App.
The initiative was announced on December 28, 2022, at the Kampala Serena Hotel’s 12th Annual Ugandans Diaspora Business Breakfast, where the bank gathered with entrepreneurs, thought leaders, and expatriates from around the world to take advantage of the investment opportunities available to Ugandans living abroad.
Remittances from Ugandans living and working abroad are said to be responsible for 4% of Uganda’s GDP, according to the government of Uganda.
Housing Finance Bank says there is a need to parade options to help Ugandans make significant strides in saving and investing in Uganda while working abroad.
John Baptist, the Head of Mortgage and Consumer Banking at Housing Finance Bank revealed that they offer tailor-made solutions that meet the needs of diaspora customers who look to achieve their dreams which may include building houses, educating their loved ones, and investing even when not physically in the country.
Mr Baptist said, “the Housing Finance Diaspora account stands out due to its unmatched value proposition to customers that includes but is not limited to transactional solutions, mortgage financing, convenience, the convenience of transfers with remittance solutions, wealth advisory, and risk management through bancassurance. Customers can also easily open a Housing Finance Bank diaspora account from anywhere at any time using the Housing Finance Mobile Banking App.”
“The portal has simplified the process of investing in treasury bills and bonds as well as real estate for customers in the diaspora. These are just a few of the areas where we support our customers” he added.
The two-day event included several activities aimed at promoting investments made while working overseas, including music by well-known Ugandan musicians who are prospering in the diaspora, networking, fashion parades, comedy, and awards.
The objective of the bank, which enables house ownership and financial independence for Ugandans, remains steadfast.
Click on this link for additional details regarding the Housing Finance Bank Diaspora account.
“If your dream is to build a house back home, save for your children’s education then you should start thinking about joining the Diaspora banking family,” John Baptist Kaweesa noted.
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