Bank of Uganda authorises 3 commercial banks to transition from Tier I to Tier II Credit Institutions
In a significant move aimed at strategic repositioning, the Bank of Uganda (BoU) has announced the authorization for three commercial banks to transition from Tier I Commercial Bank Licenses to Tier II Credit Institution Licenses, effective July 1, 2024. The commercial banks undergoing this transition are ABC Capital Bank (U) Limited, Guaranty Trust Bank (U)…