What do we know about Opportunity Bank, Uganda’s latest commercial bank, which you probably did not know?
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.
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 bank
applied for a license on January 28th, 2019.
“Bank of Uganda hereby grants Opportunity Bank Limited
approval for a Commercial Bank License (class 1); to transform from a Cred
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