Uganda Bankers' Association
Uganda Bankers' Association (UBA) was formed due to the need to develop, promote, protect and represent the professional interest of its members and promote orderly conditions in relation to banking transactions subject to provisions of any law extant at any time in Uganda.
Uganda has witnessed changes in the banking industry since its independence in 1962. When Uganda attained independence, there were 3 commercial Banks in the Country. National and Grindlays Bank having entered the country in 1906, later Standard Chartered Bank followed in 1912. Barclays Bank opened business in 1927. By 1970 commercial banks in Uganda had a total of 290 branches and mobile agencies available to serve a population of about seven million people in the country with over 16 Districts.Read More »
Founded in 1981, Uganda Bankers Association is the umbrella body of commercial banks in Uganda. 25 commercial banks and one development bank comprise the UBA membership. Commercial banks are licensed and regulated by Bank of Uganda under the Financial Institutions Act 2004. UBA’s role among other things includes the promotion, protection, representation and development of the professional and business interests of members. This also includes fostering orderly conditions within the Banking industry subject to the laws prevailing at any time in Uganda.Read More