Absa Bank Uganda Limited

The bank is primarily involved in meeting the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers. As of December 2025, the bank's total assets were valued at UGX:7.03 trillion (US$1.89 billion) At 31 December 2021, shareholders' equity was valued at UGX:521.956 billion (US$148 million). That year, the bank's after-tax profit was USh:110 billion (US$31.2 million). As of 31 December 2019, Absa Bank Uganda was the third-largest commercial bank in the country, by assets. As of December 2022, Absa Bank Uganda has assets valued at USh4.23 trillion (approx. US$1.143 billion), accounting for 9.31 per cent of total banking assets in the country at that time. ==History==

The bank opened in 1927, with two branches in the capital city, Kampala, and one in Jinja, the country's second-largest commercial centre, at that time. In 1969, the bank acquired the Ugandan business of the Commercial Bank of Africa. In February 2007, the bank completed its acquisition of Nile Bank Uganda Limited, strengthening its presence in the country. ==Ownership==

In 1969, the bank's stock was 51 per cent held by Barclays and 49 per cent held by the government of Uganda. Since March 2016, the bank has been wholly owned by the Barclays Africa Group. With the re-branding of Barclays Africa Group, in 2018, Absa Bank Uganda is a 100 per cent subsidiary of Absa Group Limited. == Branch network ==

The bank's headquarters is at 2 Hannington Road, on Nakasero Hill, in Kampala. , the bank maintained branches at the following locations: ==Name change==

Beginning in August 2019, Barclays Bank of Uganda began re-branding to Absa Bank Uganda Limited. The process concluded on 11 November 2019, when the legal and business names of the bank changed to Absa Bank Uganda Limited. ==Governance==

The bank is governed by a board of directors. The chairman of the board is one of the non-executive directors. As of April 2025, the Chairperson was Keith Kalyegira. In March 2020, the Acting Chairperson was Nadine Byarugaba. She left in December 2024. From 1 April 2020 Mumba Kalifungwa began serving as the substantive managing director and CEO. He left in March 2025 and joined Stanbic Bank Uganda Limited as CEO. Before that Rakesh Jha served in that position. He holds an MBA in Marketing gained from IMED and a Bachelor of Arts (BA) degree gained from the University of Mumbai. Immediately prior to his appointment as managing director, Jha was managing director of Barclays Bank Seychelles. As of March 2025, the members of the board are as listed in the table below. ==Innovation==

In December 2021, 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. The Absa Banking App generates a QR Code, which the customer scans on to the ATM screen and then allows the execution of the desired transaction. ==See also==