new banks in Uganda

Effective September 13th, Opportunity Bank Uganda Limited (OBUL) – previously a tier 2 credit institution, started operating as a fully-fledged commercial bank, licensed by Bank of Uganda- the industry regulator. Although newly licensed as the 26th commercial bank, Opportunity Bank won’t have to start from scratch, thanks to its 24-year presence in the market. The bank hits the ground running, with a country-wide network consisting of 20 branches and 2 service centres- 68% of the branches are in rural towns serving the bottom of the market. Going by 2018 results of the financial services sector, OBUL also enters the big…