Bank of Baroda Uganda Limited

Bank of Baroda Uganda Limited, also known as BBU, is a commercial bank operating in Uganda and is one of the licensed commercial banks regulated by the Bank of Uganda. BBU is a subsidiary of Bank of Baroda, an international bank headquartered in Mumbai, India. This bank is involved in all aspects of commercial banking, serving large corporations, small and medium-sized businesses, and individuals.BBU was established in Uganda in December 1953, initially as an overseas branch of Bank of Baroda. In 1969, it was incorporated in Uganda and went on to acquire the banking business of the Bank of India Uganda Limited in 1972. The government of Uganda acquired a 49% shareholding in BBU, leaving Bank of Baroda with a 51% shareholding. The government later divested its 49% shareholding in 1999, returning full ownership of BBU to Bank of Baroda.Today, BBU is listed on the Uganda Securities Exchange where it trades under the symbol “BOBU”. As of December 2019, the bank had total assets of UGX 1,875,630,000,000 (USD 498,172,000) and shareholders’ equity of UGX 394,895,000,000 (USD 104,885,000).Bank of Baroda Uganda Limited is a trusted financial partner for businesses and individuals alike, offering a wide range of banking services. With its strong international presence and local expertise, BBU is well-equipped to meet the financial needs of its customers in Uganda and beyond.