Top 10 Banks in Uganda by Assets Deal TV Africa

Описание: When it comes to banking and financial service providers, Uganda is a hub for a great number of these entities. However, less are of true Ugandan origin with a vast portion of these commercial banks being subsidiaries of other International financial institutions and bodies.
All commercial banks in Uganda are licensed and regulated by Bank of Uganda which is the central bank of Uganda. The Bank of Uganda has a role to foster macroeconomic and financial system stability and currently has 25 licensed commercial banks under its belt.
Some of the biggest and top performing banks in Uganda boost of hundreds of thousands of clients with active accounts and have maintained an ever-growing string of revenue over time.
At deal TV Africa, we ensure to keep you in the know about everything business as our slogan says learn and earn. . here is a detailed list of the Top 10 Banks in Uganda this month. Take a look!
1. Stanbic Bank

Stanbic bank is currently the biggest and largest bank operating in Uganda. Interestingly, it has maintained this top spot for about five years in a row now. Owned by Stanbic Africa Holdings Limited, Stanbic Bank deals in a wide range of services from debit and credit cards, loans, investment, savings and mortgages and recently with a grand venture into real estate development and management.
As of 31 December 2019, the bank’s total assets were valued at Uganda Shillings 6.65 trillion (US$1.765 billion). At that time shareholders’ equity was valued at Uganda Shillings 1.078 trillion (US$286.3 million). As of June 2020, the bank’s total assets had increased to USh7.7 trillion (US$2.105 billion)
Stanbic bank was established in 1906, initially named The National Bank of India, it was then named Glindlays Bank before it was bought by Stanbic Bank in 1991. In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches. After being bought it was then named Stanbic Bank Uganda Limited. The bank has its headquarters at Crested Towers Short Tower Plot 17 Hannington Road, Kampala.