Bank of India (Uganda) Limited (BOIUL), commonly referred to as Bank of India (Uganda), is a commercial bank in Uganda. The MD of this bank is Mr.Srikant Ashok Wikhe. It is licensed by the Bank of Uganda, the national banking regulator.[3]
Overview
Bank of India Uganda Limited opened in 2012 with an objective to become a key financial player for corporate, medium business and up-market retail customers and developmental banking for micro and small business, while providing cost effective services. It offers a wide range of products that include savings deposit, current account, fixed deposits, recurring deposit, personal loans, retail loans, SME loans, corporate loans, bill discounting, letters of credit and bank guarantees.[4]
Bank of India (Uganda) had total assets of USh 204 billion, with customer deposits of USh 125.45 billion, and a loan book of Shs 127.34 billion. During the 12 months ended 31 December 2018, the bank recorded a profit of USh 4.1 billion after taxes.[5]