Bank of Africa Uganda

As strong as a group, as close as a partner.

Thank you for choosing Bank of Africa Uganda Ltd. The Bank of Africa website introduces you to the activities of Bank of Africa Uganda Ltd, including snapshots of the Bank’s products and services, staffing and careers, social responsibility activities as well as details of who we are.

Strong as a group, Close as a Partner.
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Thank you for choosing BANK OF AFRICA – UGANDA Ltd. The Bank of Africa website introduces you to the activities of the bank, gives you an overview of the Bank’s products and services, careers, social responsibility activities as well as details of who we are.

BANK OF AFRICA – UGANDA Ltd started its operations in Uganda in January 1985 as small deposit-taking private company within a family conglomerate. In July 1991, it evolved into an investment bank. By November 1996, it was granted a commercial banking license as Sembule Commercial Bank.

In October 1997, the shareholders of the Bank successfully secured co-investors in the form of Banque Belgolaise of Belgium (the part of Fortis Group) and the Netherlands Development Finance Company (FMO) who recapitalized the Bank and re-branded it Allied Bank International.

It was run under this arrangement until December 2006 when Banque Belgolaise divested its ownership to Bank of Africa Group SA, an international banking consortium. The change in ownership was accompanied by a change in name to Bank of Africa – Uganda Ltd. With acquisition of a controlling stake in Bank of Africa Group SA by BMCE Bank in 2010, BMCE Bank of Africa became the ultimate holding company of the Bank.

BMCE Bank of Africa is present on four continents in 32 countries, 21 of which are in Africa, 8 in Europe, 1 in North America, and 2 in Asia. It operates with a total asset base of USD 30 billion and over 15,000 employees. In East Africa, the Group is present in Tanzania, Kenya, Burundi, Rwanda, Ethiopia and DRC. We also have a representative office in Ethiopia.

In Uganda, we operate 34 branches that are well spread across the country. Over the last 5 years, we have enjoyed a healthy growth - roughly a cumulative annual growth rate of about 17% in total assets, customer deposits and credit.

BANK OF AFRICA – UGANDA Ltd. serves its clients through a network of 34 locations spread across the country, manned by over 430 staff members.

The Bank has had an impact on the social scene through a number of Corporate Social Responsibility activities. Bank of Africa in Uganda believes in continuously giving back to the communities in which the Bank operates. In the past, the Bank focused on joining the country find new and innovative ways of treating Sickle Cell. Starting 2019, the Bank garnered all its efforts to improving the education sector.

BANK OF AFRICA – UGANDA Ltd. is an "all public" bank providing a full range banking products and services to large corporate companies, retail clientele, as well as Small and Medium Enterprises.
The Bank’s services include personal and private banking, Corporate and SME solutions, Trade Finance, Investment and Treasury services, Funds Transfers and Foreign Exchange services, among others. Our expertise covers a wide range of areas including Currency Markets, Structured Products, and Sector Tailored Solutions including Agriculture, Trade, Commerce, and Construction, among others. We provide both short and long term solutions.
I hope that the information here will aid your decision in making BANK OF AFRICA – UGANDA Ltd. your preferred Bank.


Thank you
Arthur ISIKO
Managing Director,
Bank of Africa Uganda Ltd.

Strong as a group, Close as a Partner.