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United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda , the central bank and national banking regulator. [ 4 ] UBA Uganda is a subsidiary of the United Bank for Africa , headquartered in Lagos , Nigeria, with a presence in twenty African countries, the United Kingdom, France ...
United Bank for Africa Plc (UBA) is a multinational pan-African financial services group headquartered in Lagos Island, Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. [ 3 ]
UBA Uganda was also profitable in 2018 and 2019. [ 7 ] In January 2024, as part of the re-organization of the Nigerian banking system, the Central Bank of Nigeria, named Chioma A. Mang as the executive director of Keystone Bank, [ 3 ] to deputize the newly appointed CEO, Hassan Imam. [ 8 ]
The total banking sector loan portfolio had a 3.48 percent non-performing loan ratio. At that time, the Deposit Protection Fund had assets valued at USh 689 billion (US$190 million). [25] As of January 2020, according to Uganda Bankers Association, there were 13 million bank accounts in Uganda and 11,000 banking agents countrywide. [26]
The bank serves the banking needs of large corporations, small and medium sized enterprises, individuals and government departments.The bank is a 100 percent subsidiary of United Bank for Africa, a Nigerian-headquartered financial services conglomerate, with banking subsidiaries in 20 sub-Saharan countries, whose total assets were valued at US$14.6 billion, as of 31 December 2019.
NCBA Bank Uganda is a Corporate led Commercial Bank in Uganda, focusing on meeting the banking needs of [Large Corporates]] and large corporations. As of 31 December 2023 [update] , the total assets of the bank were valued at UGX:854 billion (US$227.324 million). [ 2 ]
Arapta is member of the five-person executive committee of the Uganda Bankers Association (UBA), where she served as the Chief Auditor, from May 2018 until May 2020. [8] [9] In May 2022, she was elected chairperson of UBA, replacing Mathias Katamba, who served in that role from 2020 until 2022. Her term runs until May 2024.
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.