Uganda, March 11 -- Equity Bank Uganda Ltd is investigating some of its staff over possible fraudulent activities affecting its stock loan and agent float financing, Monitor has established.

Stock finance is one of the bank's portfolio under which lending to customers looking to purchase stocks such as soda, beer, cement, airtime, fuel and beauty products, among others, is effected. While agent loan financing is a particular type of a loan for bank agents and mobile money agents.

This publication understands that the portfolio currently under investigation is approximately Shs65 billion out of a loan book of Shs1.9 trillion and equivalent of nearly 2 per cent of Equity Bank of Uganda total assets.

"We regret to inform you that we have ...