About us

BANK OF AFRICA - UGANDA Ltd is a member of the BANK OF AFRICA Group (BOA Group), which is subsidiary of BMCE Bank. Formed nearly 30 years ago, BOA Group currently operates in 14 African countries - seven in West Africa (Benin, Burkina Faso, Ghana, Ivory Coast, Mali, Niger and Senegal), six countries in the East African and Indian Ocean region (Burundi, Djibouti, Kenya, Madagascar, Tanzania and Uganda) and in DR Congo; through a network of 14 commercial banks, 1 housing finance bank, 3 leasing companies or departments, 1 brokerage firm and several other financial institutions. The Group currently employs over 4000 people across the network. As at 31 December 2010, the total turnover of BOA Group stood at over EUR 3.2 Billion.

BOA-UGANDA's largest single shareholder is BANK OF AFRICA - KENYA , a principle member of the BOA Group. Other share holders include: Aureos East Africa Fund LLC, Netherlands Development Finance Company (FMO), Central Holdings Uganda Ltd and AFH Ocean Indien.

Shareholder % Ownership

BOA-UGANDA is an "all public" Bank providing a full range banking products and services to large corporate companies, middle size local businesses as well as retail and small business.

The Bank's services and solutions include, among others, Personal Banking for Individuals, Private Banking, SME Business Solutions, Trade Finance, Investment & Treasury services, Corporate & Institutional Banking and Money transfer services. The Bank is also active in Foreign exchange services.

Our expertise covers markets, transactional banking, structured products, credit products, loan syndications and Agricultural lending. Our loan portfolio has been enhanced by supportive long term financing arrangements with our partners.

BOA-UGANDA has three customer facing business units, designed to align products and service delivery with the Bank's customer segments. These units are:

Corporate and Institutional Banking: This division provides relationship management for the Bank's top tier clients (Business, Corporate and Institutional). The needs of these clients are diverse and therefore require tailored financial solutions.

Enterprise Banking: This Business unit caters for Small and Medium Size enterprises (SMEs), sharing expertise for starting businesses, business planning, raising finance, as well as providing innovative solutions for growing businesses.

Retail Banking: The role of Retail Banking is to deliver customized service, focusing on meeting the financial needs of personal banking customers seeking accessible and affordable banking.

BOA- UGANDA 's expertise, breadth of products, multiple delivery choices, and financial strength is enhanced by our development partners who include:

•  Banque Marocaine du Commerce Extérieur (BMCE)

•  The Netherlands Development Finance Company (FMO)

•  PROPARCO

•  European Investment Bank (EIB)

•  International Finance Corporation (IFC)

•  French Development Agency (AFD)

•  United States Agency for International Development (USAID)

•  Danish International Development Agency (DANIDA)

•  Government of Uganda (GOU)

•  Private Sector Foundation Uganda (PSFU)