Bank of Baroda Profile

Bank of Baroda (Uganda) Ltd. engages in the provision of commercial banking services. It offers depositary and loan services, funds transfers, internet banking, automated teller machines, Baroda Connect, and equity brokering. The company was founded on December 18, 1953 and is headquartered in Kampala, Uganda.

Under privatization move of Govt. of Uganda, Parent Bank- Bank of Baroda (India) became the sole owner by taking over 49% shareholding of Govt. of Uganda on 07.06.1999 and divested 20% shares to public in Sept. 2002.

Baroda provides an array of products ranging from Savings Bank account, Current account, Time Deposits, Loans & Advances, ATM facilities, Forex, Treasury, Remittances, Brokerage and Investment advisory, to mention a few besides remittance, forex, collection of URA taxes, water payment of NW&SC, NSSF contribution , Umeme Power Bills etc.

Bank of Baroda (Uganda) Ltd. is a financial institution. The Bank operates as an international bank and operates through approximately 35 service outlets, which includes approximately 20 automated teller machines (ATMs). It provides an array of products ranging from Savings Bank account, Current account, Time Deposits, Loans and Advances, ATM facilities, Forex, Treasury, Remittances, Brokerage and Investment advisory, to mention a few besides remittance, forex, collection of Uganda Revenue Authority (URA) taxes, water payment of National Water & Sewerage Corporation (NW&SC), National Social Security Fund (NSSF) contribution and Umeme Power Bills.

Under international banking, it offers Foreign Exchange and Money Market & Government Securities. The Bank also offers transaction-based Internet banking, through Baroda Connect, which facilitates business firms and corporate to transfer funds, pay salaries to employees, view all the accounts and print the account’s statements.

About Andrew Kwabena

The Editor of MoneyInAfrica

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