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Bank of India (Uganda)

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Title: Bank of India (Uganda)  
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Bank of India (Uganda)

Bank of India (Uganda)
Private
Industry Financial Services
Founded 2012
Headquarters Kampala, Uganda
Key people

Alok Misra
Group Chairman
Peter Kabatsi
Chairman[1]

Ajay Panth
Managing Director and CEO
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax:US$359,000+ (UGX:896 million) (2012)[2]

Bank of India (Uganda) Limited (BOIU), commonly referred to as Bank of India (Uganda), is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the national banking regulator.[3]

Overview

As of June 2012, BOIU was a small, but growing, financial services provider in Uganda. The valuation of its total assets and shareholders' equity are not publicly known.

History

BOIU had a presence in Uganda before 1972. Following the expulsion of Asians from the country by Idi Amin in 1972, BOIU sold its assets to Bank of Baroda and exited the country. In 2012, the BOIU returned. It was issued a commercial banking license by the Bank of Uganda in March 2012. BOIU commenced business operations on 10 June 2012.[4][5][6]

Bank of India Group

BOIU is a member of the Bank of India Group, a financial services conglomerate whose shares are listed on the Bombay Stock Exchange. The stock of the group is 65.9 percent owned by the Government of India. The group is one of the five largest banks in India, with over 4,000 branches (30 of them outside India) and over 1,650 automated teller machines. The member companies of Bank of India Group include but are not limited to the following:[7]

Location

BOIU's only branch is at 37 Jinja Road, Kampala-Jinja Highway, Kampala.

See also

References

  1. ^
  2. ^
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External links

  • Website of Bank of Uganda
  • Website of Bank of India
  • Ugandan Banks Suffer Effects of Bad Loans, Expansion in 2012
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