What is a Bank?
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
Lending activities can be directly performed by the bank or indirectly through capital markets.
How Many Banks Are In Uganda
As of June 2022, there are 25 licensed Commercial banks in Uganda.
Which bank is an International bank in Uganda?
Standard Chartered Bank Uganda Limited is an international Bank with a rich history spanning over 109 years of existence in the Ugandan market,
having opened its doors on 12th August 1912, making it the longest-established Commercial Bank in the country.
Which bank controls other banks in Uganda?
Commercial Banking Department is charged with the supervision of commercial banks while NBFI supervises credit institutions,
Micro Deposit-Taking Institutions and other non-bank financial institutions under the mandate of the Bank of Uganda.
What is the most popular bank in Uganda?
Stanbic Bank Uganda Limited (SBU) is the largest commercial bank in the country, by assets. As of 31 December 2021, the bank’s total assets were valued at USh8. 713 trillion (US$2.452 billion).
Which bank has many customers in Uganda?
Stanbic Bank is one of the commercial banks in Uganda. It is also a majority-owned subsidiary of Stanbic Africa Holdings Limited.
In Uganda, it is the largest bank by assets. Customers of the bank have access to a range of banking products and services, such as savings, loans, debit and credit cards, and also mortgages.