Who is the current governor of Bank of Uganda?

The Governor of the Bank of Uganda is chief executive officer and the chairman of the board of directors of the Bank of Uganda. The current governor is Emmanuel Tumusiime-Mutebile, who was first appointed to this position on 1 January 2001, and was re-appointed for a second five-year term on 1 January 2006.

Who owns Bank of Uganda?

About The Bank

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.

Who is the secretary of Bank of Uganda?

Susan Kanyemibwa [Board Secretary]: She is the Bank Secretary/ Executive Director, Bank of Uganda a position held since 2015.

What title is given to the head of the Central Bank of Uganda?

Bank of Uganda

Headquarters Kampala, Uganda
Ownership 100% state ownership
Governor Emmanuel Tumusiime Mutebile
Central bank of Uganda
Currency Uganda shilling UGX (ISO 4217)
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Who heads a Central Bank?

Emmanuel Tumusiime-Mutebile is a Ugandan economist and banker. He is the governor of the Bank of Uganda, the central bank of Uganda. He was first appointed to that position on 1 January 2001 and was re-appointed for a second five-year term on 1 January 2006.

What is the richest bank in Uganda?

These are the top 10 richest banks in Uganda 2019.

  1. Stanbic Bank.
  2. DFCU Bank. …
  3. Standard Chartered Bank. …
  4. Barclays Bank of Uganda. …
  5. Centenary Bank. …
  6. Bank of Baroda Uganda Limited. …
  7. Citibank Uganda. …
  8. Housing Finance Bank. …

What is the biggest bank in Uganda?

Top 10 Banks in Uganda by Assets

  1. Stanbic Bank. Stanbic bank is currently the biggest and largest bank operating in Uganda. …
  2. Dfcu Bank. …
  3. Bank of Baroda Uganda. …
  4. Citibank Uganda Ltd. …
  5. Equity Bank. …
  6. Housing Finance Bank. …
  7. Bank of Africa Uganda.

20.10.2020

What does Bank of Uganda do?

Banks in Uganda are supervised by the Benki Kuu ya Uganda or Bank of Uganda, the central bank of the country. It is a government-owned bank that was established in 1966. Aside from governing the banks in Uganda, it promotes price stability and fosters a sound financial system.

How many banks are 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 role of Bank of Uganda?

Bank of Uganda’s mission is to “foster price stability and a sound financial system”.

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What is the name of Uganda money?

Ugandan shilling

Does Uganda have a central bank?

Uganda’s central bank, the Bank of Uganda, was founded in 1966. It monitors Uganda’s commercial banks, serves as the government’s bank, and issues the national currency, the Uganda shilling.

Where is the Bank of Uganda?

Location of Bank of Uganda

Bank of Uganda Headquarters is located on Plot 37/45 Kampala Road.

What are the 3 functions of a central bank?

Eight major functions of central bank in an economy are as follows: (1) Bank of Issue, (2) Banker, Agent and Advisor to Government, (3) Custodian of Cash Reserves, (4) Custodian of Foreign Balances, (5) Lender of Last Resort, (6) Clearing House, (7) Controller of Credit, and (8) Protection of Depositor’s Interest.

Who is the new Deputy Governor Bank of Uganda?

DEPUTY GOVERNOR

H.E President Yoweri Kaguta Museveni appointed Mr. Michael Atingi-Ego to serve as Deputy Governor of the Bank of Uganda on April 23, 2020.

What does the central bank do?

Central banks are responsible for overseeing the monetary system for a nation (or group of nations), along with a wide range of other responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation, and full employment.

Hai Afrika!