Which is the best bank in Uganda?

What is the best bank to use in Uganda?

Top Banks | Largest Banks

Rank Company Sector
1 Stanbic Bank (U) Banking and Finance
2 Centenary Rural Development Bank Banking and Finance
3 Standard Chartered Bank Uganda Banking and Finance
4 Absa Bank Uganda Banking and Finance

What is the best bank for saving in Uganda?

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. And if you are looking for a bank to open a fixed deposit account, ABC Capital, Bank of India, and NC Bank are prospects – all pay up to 17 per cent in interest per annum.

Which is the biggest 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.

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.

IT\'S FUNNING:  What season is December in Kenya?

Which bank in Uganda has many customers?

Centenary Bank

Centenary Rural Development Bank Ltd is one of the most celebrated domestic financial institution in Uganda. As of today, Centenary Bank is among the country’s leading commercial microfinance banks serving more than 1.8 million consumers, employing over 2754 staff and has an asset base of UShs.

Who owns Stanbic Bank Uganda?

Finance Trust Bank has one of the lowest minimum balances for savings account at Shs2, 000 while Centenary, dfcu and Bank of Africa set theirs at Shs5, 000. For fixed deposits, Diamond, Ecobank, Equity, Orient and UBAU have their minimum balances at Shs5m.

How many Ugandans have bank accounts?

As of January 2020, according to Uganda Bankers Association, there were 13 million bank accounts in Uganda and 11,000 banking agents countrywide.

Which bank account gives more interest?

Savings Bank Account Interest Rates of Banks

Name of Bank Rates of Interest (p.a.)
Axis Bank Savings Account 3.00% p.a. to 3.50% p.a.
IndusInd Bank Savings Account 4.00% p.a. to 6.00% p.a.
DCB Bank Savings Account 3.25% p.a.
RBL Bank Savings Account 6.25%

Which bank is the best in Africa?

Top Banks in Africa

Rank Bank Country
1 Standard Bank Group South Africa
2 Absa Group South Africa
3 FirstRand South Africa
4 Nedbank Group South Africa

Which bank was closed in Uganda?

KAMPALA – February 25, 2020 – Bank of Uganda (BoU) closed International Credit Bank Limited on 18th September 1998 under the provisions of the Financial Institutions Statute, 1993 and immediately put it under statutory liquidation.

IT\'S FUNNING:  Does FedEx ship to Morocco?

How many countries have Centenary bank?

We are, therefore, a diversified bank that offers a wide range of financial products and services, including consumer and business banking, corporate and SME banking through 77 branches and 181 ATM’s country wide as well as various electronic channels.

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.

Which Nigerian bank is in Uganda?

7 billion) GT Bank (Uganda) is a subsidiary of Guaranty Trust Bank (GTB), a Nigerian financial services conglomerate with assets in excess of NGN:2,525 billion as of 31 December 2015.