Question: How many banks do we have in Uganda?

Number of bank branches in Uganda 2016-2019. As of June 2019, the total number of branches of commercial banks and credit institutions in Uganda corresponded to 712, increasing by 37 compared to the previous year.

What is the biggest bank in Uganda?

Stanbic Bank is the biggest and largest bank in Uganda today.

Which is the best bank in Uganda?

Top Banks in Uganda

  • The Top Banks in Uganda Include:
  • Stanbic Bank. One of the licensed commercial banks in Uganda is Stanbic Bank, which is a majority-owned subsidiary of Stanbic Africa Holdings Limited. …
  • DFCU Bank. …
  • Centenary Bank. …
  • Standard Chartered Bank. …
  • Barclays Bank of Uganda. …
  • Bank of Baroda Uganda Limited. …
  • Citibank Uganda.

Which bank controls all banks in Uganda?

The Bank of Uganda (BoU) is the Central Bank of the Republic of Uganda. It was opened on the 15th August 1966. It is 100% owned by the Government of Uganda but it is not a government Department.

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Which bank is worldwide in Uganda?

Global Trust Bank (Uganda) is the bank that is worldwide and also found in Uganda.

What is the richest bank in Uganda?

Top 10 Richest Banks In Uganda 2019 – 2020

  • Standard Chartered Bank.
  • Barclays Bank of Uganda. …
  • Centenary Bank. …
  • Bank of Baroda Uganda Limited. …
  • Citibank Uganda. …
  • Housing Finance Bank. …
  • Equity Bank. …
  • Bank of Africa – Uganda Ltd. …

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 is best for savings account in Uganda?

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.

What is the cheapest bank?

Basic Checking Account Fees at Top Banks

Account Monthly Fee Minimum Balance to Waive Fee
U.S. Bank Easy Checking $8.95 $1,500
PNC Bank Virtual Wallet® Account $7 $500
Capital One 360 Checking® Account $0 $0
TD Convenience Checking $15 $100

What is the best bank account to save money?

Best Savings Accounts – April 2021

  • Marcus by Goldman Sachs, APY: 0.50%, Min. Balance: $0.
  • Ally Bank, APY: 0.50%, Min. Balance: $0.
  • Regions Financial Corp., APY: 0.50%, Min. Balance: $50.
  • Capital One Financial Corp., APY: 0.40%, Min. Balance: $0.
  • American Express Co., APY: 0.40%, Min. Balance: $0.
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How much are bankers paid in Uganda?

How much money does a person working in Banking make in Uganda? A person working in Banking in Uganda typically earns around 2,850,000 UGX per month. Salaries range from 897,000 UGX (lowest average) to 5,850,000 UGX (highest average, actual maximum salary is higher).

How much is needed to open a bank Uganda?

Currently a minimum capital of UGshs. 10 billion is required to start a commercial bank company.

Which bank is the best bank in Africa?

Top Banks in Africa

Rank Bank Country
1 Standard Bank Group South Africa
2 Absa Group South Africa
3 FirstRand South Africa
4 Nedbank Group South Africa

What are the main types of banks?

Types of Banks: They are given below:

  • Commercial Banks: These banks play the most important role in modern economic organisation. …
  • Exchange Banks: Exchange banks finance mostly the foreign trade of a country. …
  • Industrial Banks: …
  • Agricultural or Co-operative Banks: …
  • Savings Banks: …
  • Central Banks: …
  • Utility of Banks:

Which Nigerian bank is in Uganda?

GTBank has been in operation for over 25 years and today operates over 200 branches in Nigeria, Gambia, Ghana, Liberia, Sierra Leone, Cote d’lvoire, Tanzania, Kenya, Uganda, Rwanda and the United Kingdom.

How many commercial banks do we have in Uganda?

As of June 2019, the total number of branches of commercial banks and credit institutions in Uganda corresponded to 712, increasing by 37 compared to the previous year.

Hai Afrika!