Absa Bank Uganda Limited Complete Banking Guide

Absa Bank Uganda Limited is a well-established bank in the country, offering a wide range of banking services to individuals and businesses.

The bank's history dates back to 1993 when it was first established as a commercial bank. Its commitment to providing quality banking services has earned it a strong reputation in the market.

Absa Bank Uganda Limited offers a variety of account types, including current, savings, and fixed deposit accounts. These accounts cater to different customer needs, from everyday transactions to long-term savings.

The bank also provides online banking services, allowing customers to manage their accounts conveniently from anywhere.

Absa Bank Uganda Limited is part of Absa Group Limited, an African financial services group with a presence in 12 countries across the continent and around 42,000 employees.

Absa Group Limited is listed on the JSE in South Africa, which is a significant milestone for the company. The company aims to be the pride of the continent and is committed to finding local solutions to uniquely local challenges.

The bank offers a range of retail, business, corporate and investment, and wealth management solutions to its clients. This shows that the bank is dedicated to providing a comprehensive range of services to cater to different customer needs.

Absa has a strong commitment to making a positive impact in all the countries where it operates. This is evident in its efforts to ensure a positive impact in Uganda and other countries.

Here are the key areas where Absa focuses its sponsorship efforts:

If you're looking for a sponsor, you can follow Absa's step-by-step guide on how to apply for sponsorship. This guide is available on their website.

Absa Bank Uganda Limited offers a wide range of bank services to its customers.

You can open a savings account with as little as UGX 10,000, making it easy to start building your emergency fund.

Their bank services also include mobile banking, which allows you to check your account balance, make payments, and transfer money on the go.

This makes it convenient for customers to manage their finances anywhere, anytime.

Absa Bank Uganda was the first financial institution in the country to introduce ATM machines capable of accepting and dispensing cash, using smart mobile phones, without the presence of the traditional ATM card.

This innovative technology uses the Absa Banking App to generate a QR Code, which the customer scans onto the ATM screen, allowing the execution of the desired transaction.

In a move to formalize its name change, Absa Uganda received a license from the Bank of Uganda (BoU) in November 2019.

The bank's commitment to innovation is evident in its adoption of cutting-edge technology to enhance customer experience.

To send an international money transfer, you'll need a SWIFT code, and BARCUGKX is the code for ABSA BANK UGANDA LIMITED.

SWIFT codes are used for international wire transfers, and BARCUGKX can be used for a funds transfer without a branch code, but it's recommended to double-check with the bank.

Most banks rely on their own or centralized reference data, so you can send payments to ABSA BANK UGANDA LIMITED without specifying correspondent banks.

If you want to manually choose a correspondent bank, you can order information about BARCUGKX correspondent banks or request it from the customer service of ABSA BANK UGANDA LIMITED.

Absa Bank Uganda Limited has a wide range of banking services that cater to the needs of its customers.

The bank offers a variety of bank accounts, including the Absa Current Account, Absa Savings Account, and Absa Premier Account, each with its own unique features and benefits.

To open an account with Absa Bank Uganda Limited, you can visit any of their branches or apply online through their website or mobile banking app.

The ownership of Absa Bank Uganda has undergone significant changes over the years. In 1969, the bank's stock was split between Barclays and the government of Uganda, with Barclays holding 51 percent and the government holding 49 percent.

By 2001, Barclays had acquired full ownership of the bank, making it a wholly owned subsidiary. This change in ownership was a significant milestone for the bank.

Today, Absa Bank Uganda is a 100 percent subsidiary of Absa Group Limited, which was re-branded from Barclays Africa Group in 2018.

The bank's history dates back to 1927, when it was first established. It has since become a major player in the Ugandan banking scene.

Here's a brief overview of the bank's ownership structure over the years:

Our bank has a strong presence in Kampala, with branches spread across the city. The main headquarters is located at 2 Hannington Road, Nakasero Hill.

The bank has a total of 53 branches in Kampala, including the main branch at Hannington Road. These branches are strategically located to cater to the needs of customers across the city.

Some of the notable branches in Kampala include the Bugoloobi Branch, located at 128 Spring Road, Bugoloobi, and the Premier Banking Branch, situated at Hannington Road at Shimoni Road, Nakasero. Both of these branches offer a range of banking services to customers.

Here is a list of some of the branches in Kampala:

In addition to its presence in Kampala, the bank also has branches in other parts of the country, including Entebbe, Masaka, Mukono, and Mbale.

Absa Bank Uganda Limited is regulated by the Bank of Uganda.

The bank's company registration number is 4227.

Customer deposits are protected by the Deposit Protection Fund up to UGX10 million. Terms and conditions apply.