Before Uganda's independence in 1962, the main banks in Uganda were Barclays (UK based); Grindlays (also UK), Standard Bank (South Africa based) and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the central bank and national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development Bank is a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda.[1]
The East African Development Bank (EADB), established in 1967, was jointly owned by Uganda, Kenya, and Tanzania. It was also concerned with development finance. It survived the breakup of the East African Community in 1977 and received a new charter in 1980.[1]
In the 1960s, other commercial banks included local operations of the Bank of Baroda, Barclays, the Bank of India, Grindlays Bank, Standard Chartered, and the Uganda Cooperative Bank.[1] The Uganda government took majority shares in all commercial banks in 1969 as part of President Obote's "Move to the Left" policy. This was increased to 100 percent control when European and Asian business owners were expelled in 1972-75 under President Idi Amin.
During the 1970s and early 1980s, the number of commercial bank branches and services contracted significantly. Whereas Uganda had 290 commercial bank branches in 1970, by 1987 there were only 84, of which 58 branches were operated by government-owned banks. This number began to increase slowly the following year, and in 1989 the gradual increase in banking activity signaled growing confidence in Uganda's economic recovery.[1]
^ abcd"Library of Congress Country Studies: Uganda Banking". Library of Congress Online Catalog. Retrieved 20 April 2014.
national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development...
The Bank of Baroda Uganda Limited (BOBU), is a commercial bank inUganda that is majority owned by the Indian government owned banking and financial service...
Bank for Africa BankinginUganda List of Microfinance Deposit-taking Institutions inUganda List of licensed credit institutions inUganda BoU (31 March...
Citibank Uganda, is a commercial bank inUganda operating as a wholly owned subsidiary of New York–based Citigroup. It is one of the regulated banking institutions...
PostBank Uganda is a commercial bank inUganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator...
central bank and national banking regulator. It is a subsidiary of Egypt-based banking group, Banque du Caire Group. Cairo Bank Uganda has its headquarters...
Stanbic Bank Uganda Limited (SBU) is a commercial bank inUganda and is licensed by the Bank of Uganda, the central bank and national banking regulator....
Equity Bank Uganda Limited (EBUL), is a commercial bank inUganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator...
Training Center - Lira Banks portal Ugandan shilling List of banks inUgandaBankinginUganda Governor of the Bank of Uganda List of central banks of Africa...
Ecobank Uganda is a bank inUganda that operates as a commercial bank under a license granted by the Bank of Uganda, the central bank and national banking regulator...
Salaam Bank Uganda, formerly Top Finance Bank Limited (TFBL), is a commercial bank inUganda. The institution received an Islamic commercial banking license...
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank inUganda. It is licensed by the Bank of Uganda, the central...
of the banks licensed by the Bank of Uganda, the central bank and national banking regulator. Stanchart Uganda is a large bank serving large corporate...
institution inUganda". BRAC Uganda Bank Limited Mercantile Credit Bank Top Finance Bank Uganda Limited Yako Bank Uganda Limited BankinginUganda List of...
Bank of Uganda, the country's central bank and national banking regulator. NCBA Bank Uganda is a retail financial services provider inUganda, focusing...
national banking regulator. The headquarters and main branch of Bank of Africa Uganda Limited, are located at Lugogo One Building, 23 Lugogo Bypass, in the...
Bank Uganda Limited, also KCB Bank Uganda, is a commercial bank inUganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator...
market in the capital, Kampala. Companies portal Lists portal Uganda portal Africa portal BankinginUganda Economy of Uganda List of airlines of Uganda List...
Commerce, a small, indigenous, financial services provider inUganda that had lost its banking license. On 30 January 2014, Crane Bank established Crane...
of Uganda, the national banking regulator. BRAC Uganda Bank Limited maintains headquarters at 880 Heritage Road, in the Nsambya neighborhood, in the...
bank and national banking regulator. The institution received a commercial banking license on 25 September 2019. The Bank of Uganda gave OBUL between...
Africa Uganda Limited, also UBA Uganda, is a commercial bank inUganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator...
Global Information