List Of Commercial Banks In Uganda
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
Here are the List Of Commercial Banks In Uganda
United Bank for Africa (Uganda) Limited
Tropical Bank Limited
Standard Chartered Bank
NC Bank Uganda Limited
KCB Bank Uganda Limited
Housing Finance Bank
Global Trust Bank
Diamond Trust Bank
Centenary Rural Development Bank
Cairo International Bank
Bank of India
Barclays Bank of Uganda
Bank of Africa- Uganda Limited
ABC Capital Bank Limited
How many commercial banks are there in Uganda?
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. The number of bank branches in the country has increased annually from 2013 onwards, except for a decline in 2017.
Is Post bank a commercial bank?
PostBank Uganda is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country’s central bank and national banking regulator.
What is the cheapest bank in 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.
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.
How did the commercial banks in Uganda set up?
History. Uganda Commercial Bank (UCB) was established by an Act of Parliament, “The Uganda Commercial Bank Act, 1965”. The new bank was to replace the Uganda Credit and Savings Bank. The bank extended banking services to rural areas, and steadily expanded its branch network throughout the 1960s and 1970s.