Geriga Christopher Archives

Left-Right: Opportunity Bank Board Chairman, Phillip Karugaba, Owen Spencer Amanya, the Managing Director and Geriga Christopher, the Executive Director.

EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively reveal. This

January 29, 2024

Business & Markets·News & Analysis·The Big Story

Although it is the 25th bank to enter the commercial banking space, OBUL will hit the ground running as Uganda’s 23rd biggest bank by assets, 20th by lending and 17th by profitability- going by 2018 results.

What do we know about Opportunity Bank, Uganda’s latest commercial bank, which you probably did not know?

Opportunity Bank Uganda Limited (OBUL) on 25th September 2019 was awarded a Commercial Banking license by Bank of Uganda, becoming Uganda’s 26th Commercial Bank. This follows a lengthy vetting process after the

October 27, 2019