How many banks do we have in Uganda?

Number of bank branches in Uganda 2013-2019. As of June 2019, the total number of branches of commercial banks and credit institutions in Uganda corresponded to 712, increasing by 33 compared to December 2018.

Which is the richest bank in Uganda?

Stanbic bank is currently the biggest and largest bank operating in Uganda.

How many commercial banks are in Uganda today?

Uganda has 26 licensed commercial banks with a total of over 500 branches countrywide providing banking services to a population of about 37 million people (BOU Annual report 2012).

What is the largest bank in Uganda?

Stanbic Bank remains Uganda’s largest bank by assets. Headed by Anne Juuko as Chief Executive Officer, Stanbic’s assets increased by 28.87% to Shs8. 57 trillion in 2020, up from Shs6. 65 trillion registered a year earlier.

How many financial institutions are in Uganda?

The formal sector encompassing the Central bank, 15 commercial banks (Tier 1), 8 credit institutions (Tier 2), and since 2004 microfinance deposit-taking institutions (Tier 3), National Social Security Fund (NSSF), a Postbank, 18 insurance companies, 82 Forex bureaux, 3 development institutions, and a stock exchange.

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Which bank in Uganda is good for savings?

Dfcu bank pays seven per cent per annum on maximum savings. Commercial Bank of Africa Uganda (CBAU) will also pay you seven per cent per annum. Barclays bank seems to have the best deal; it pays up to nine per cent per annum if you open a savings account with them.

Which bank has the most branches in Uganda?

Stanbic Bank (U)

In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation, which had the largest branch distribution network in the country.

How many banks are?

Public-sector banks (PSBs)

Subsequently, the number of public sector bank has been reduced to 12 from 27. This new amalgamation came effective from 1 April 2020.

Which bank is worldwide in Uganda?

Citibank Uganda is one of the most capitalised banks in Uganda, and is a trusted partner for most global corporations with operations in the country.

Is there First bank in Uganda?

Standard Chartered Bank Uganda Limited was established in 1912, making it the oldest of the banks in Uganda. It is the first Ugandan bank to introduce the VISA Electron debit card and toll-free phone banking.

How many banks we have in Africa?

Did you know that Africa has more than 700 banks in 54 states? With around 700 banks we can only speculate of the number of branches, the information we have are not enough, but after all, we can roughly say that there are around 100 000 branches of banks in the continent.

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Who owns Stanbic bank Uganda?

Stanbic Africa Holdings Limited
Stanbic Bank Uganda Limited/Головные организации
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