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PostBank Uganda is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank received her tier-1 banking license in December 2021. [4] [5] Before that, PostBank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of ...
Uganda Post Limited was given control over the postal service and the 1997 Communications Act split Uganda Post Limited into a million shares, each valued at USh 25,000/=. [1] The Ministry of Finance owns an overwhelming majority with 999,999 shares, with the one remaining share owned by the Ministry of Works, Housing, and Urban Development. [ 1 ]
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This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda [1] [2] and taking into account the more recent downgrading of three banks to other credit institutions.
The Bank of Uganda reported total banking assets at USh 24.9 trillion, as at 30 June 2017, [23] with 7.4 million commercial bank accounts in the country. [24] At that time, there were 546 bank branches and 818 ATMs in Uganda. [23]
The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold its shares to investors that included the Bank of Africa (Kenya), [5] Aureos East Africa Fund LLC, [6] and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited. [7]
The Post Office Savings bank was split into PostBank in 1987 and was acquired by ANZ Bank New Zealand two years later ending the bank. In 2002 the New Zealand government created a new state owned post bank called Kiwibank as part of the New Zealand Post to again establish a postal savings system.