List Of Tier 2 Banks In Uganda

List Of Tier 2 Banks In Uganda

Tier 2 is designated as the second or supplementary layer of a bank’s capital and is composed of items such as revaluation reserves, hybrid instruments, and subordinated term debt. It is considered less secure than Tier 1 capital—the other form of a bank’s capital—because it’s more difficult to liquidate.

List Of Tier 2 Banks In Uganda

This class includes credit and finance companies. They are not authorized to establish checking accounts or trade in foreign currency. They are authorized to accept customer deposits and to establish savings accounts. They are also authorized to make loans backed with collateral or without collateral to savings and non-savings customers.

The licensed credit institutions as of June were:

  1. Mercantile Credit Bank Limited – A wholly owned subsidiary of General Machinery Limited.
  2. PostBank Uganda Limited – Wholly owned by the Ugandan government.
  3. Top Finance Bank Uganda Limited.
  4. BRAC Uganda Bank Limited (subsidiary of BRAC International).
  5. Yako Bank Uganda Limited.

What’s the best bank in Uganda?

  • Stanbic Bank. Stanbic bank is currently the biggest and largest bank operating in Uganda. …
  • Centenary Bank.
  • Absa Bank
  • Standard Chartered Bank.
  • Dfcu Bank.
  • Bank of Baroda Uganda.
  • Citibank Uganda Ltd.
  • Equity Bank.

Which bank in Uganda has many customers?

Largest banks in Uganda: Centenary Bank

It has more than 1.4 million customers across a network of over 60 branches and around 172 ATMs.

The bank also has a significant rural role.

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.