ABC Bank (Uganda), whose full name is ABC Capital Bank Uganda Limited, is a Tier II credit institution in Uganda that is licensed by the Bank of Uganda, the central bank and national banking regulator. Previously licensed as a commercial bank,[2] the institution was given from 1 April 2024 to 1 July 2024 to re-organize as a Tier II institution, close all customer checking accounts and cease dealing in foreign exchange.[3]
Overview
The bank provides banking services to large corporations, small-to-medium-sized businesses (SMEs), as well as individuals. As of December 2022, the bank's total assets were valued at about UGX:62.14 billion, with shareholders' equity of about UGX:32.34 billion.[4]
History
ABC Capital Bank was founded in 1992 as Capital Finance Corporation Limited (CFCL), a