Your question: Is Bank of Uganda under Ministry of Finance?

Headquarters Kampala, Uganda
Preceded by East African Currency Board
Website Official site

How many regulated financial institutions are in Uganda?

As of 2015, the Bank of Uganda (BOU) reported 3 Microfinance Deposit Taking Institutions (MDIs), 3 credit and finance companies (which are also authorized to mobilize deposits), and 25 commercial banks. The Ministry of Trade, Industry and Cooperatives reported more than 1,500 registered SACCOS as of the end of 2015.

Is Bank of Uganda a commercial bank?

Bank of Uganda is not a commercial bank and it does not open accounts for individuals. However, we are banker to government and banker to commercial banks.

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. …

Which is the biggest bank in Uganda?

Stanbic Bank

Stanbic bank is currently the biggest and largest bank operating in Uganda.

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Which is the best bank in Uganda?

Top 10 Best Performing Banks in Uganda 2021

  • Stanbic Bank of Uganda. …
  • DFCU Bank. …
  • Centenary Bank of Uganda. …
  • Standard Chartered Bank of Uganda.
  • Barclays Bank of Uganda. …
  • Bank of Baroda Uganda Limited.
  • Citibank Uganda.
  • Equity Bank of Uganda.

What is the role of Bank of Uganda?

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

Which bank in Uganda is world wide?

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

Which bank has the best 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.

Which bank is in Uganda?

One of the licensed commercial banks in Uganda is Stanbic Bank, which is a majority-owned subsidiary of Stanbic Africa Holdings Limited. The bank offers a comprehensive range of banking products and services, such as savings, loans, investments, debit and credit cards, and mortgages.

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.

How much are bank tellers paid in Uganda?

A person working as a Teller in Uganda typically earns around 1,000,000 UGX per month. Salaries range from 460,000 UGX (lowest) to 1,590,000 UGX (highest). This is the average monthly salary including housing, transport, and other benefits.

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