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The board of directors of the Bank of Uganda is the bank's supreme policy making body. It is chaired by the governor or, in his or her absence, by the deputy governor. The duties and powers of the board are specified by the Bank of Uganda Act. This Act makes the board responsible for the general management of the affairs of the bank. The board formulates policy and ensures
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.
BRAC Uganda Bank Limited is a Tier II Financial Institution (MFI), licensed by the Bank of Uganda, the central bank and national banking regulator. [1] As a credit institution, it is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts.
Adam Mugume is a Ugandan economist who serves as the Director of Research and Policy at Bank of Uganda, a position he has occupied since 2011.From 27 March 2020 until 3 August 2020, Dr Mugume served as the Deputy Governor of the Bank of Uganda, the country's central bank, in acting capacity, [1] before Michael Atingi-Ego, the substantive Deputy Governor took up office.
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]
As of December 2019, the bank's total asset valuation was approximately USh990 (US$262 million). [2] As of 31 December 2015, shareholders' equity was about USh:155 billion (US$63.5 million). [5] The bank is an active participant in the promotion of financial literacy in Uganda, especially in the country's schools. [6] [7] [8]
As of 31 December 2019, Absa Bank Uganda was the third-largest commercial bank in the country, by assets. [10] As of December 2022, Absa Bank Uganda has assets valued at USh4.23 trillion (approx. US$1.143 billion), accounting for 9.31 percent of total banking assets in the country at that time. [11]
Michael Atingi-Ego is a Ugandan economist, who was appointed Governor of the Bank of Uganda, on 10 February 2025.At the time of his appointment, he served as the Deputy Governor Bank of Uganda and previously executive director of the Macroeconomics and Financial Management Institute of Eastern and Southern Africa (MEFMI), based in Harare, Zimbabwe.