Citibank
Uganda Limited was licensed as a commercial bank in Uganda
on 27th August, 1999 and the branch was officially opened
by the Minister of Finance and Economic Planning on 11th
November, 1999. Citibank Uganda is a wholly owned subsidiary
of Citicorp, New York, which in turn is part of Citigroup,
the largest provider of financial services globally.
The establishment of Citibank in Uganda completed a unique network of a regional franchise in East Africa and confirmed the bank's commitment to the region and the local economy. Euromoney Magazine recognized Citibank's efforts and commitment in the region by voting it the Best Bank in Africa and the Best Bank in the Emerging Markets recently.
Citibank's entry to the banking market in Uganda reinforces
its faith and confidence in the market reforms that
the Government of Uganda has embarked upon and Uganda's
prospect as an emerging market player. Citibank Uganda
has access to and enjoys support of the global Citigroup
network, its broad product range and infrastructure.
The bank's commitment was further expressed through
recent increase of the base capital to a total amount
of US$ 11 million, positioning it among the best-capitalized
banks on the local market.
The bank offers a variety of commercial and investment banking products and services including Current and Time deposit accounts (in any currency) Foreign Exchange Products, Cash Management, On-line Electronic Banking Services, Trade Services, Working Capital and Trade Finance, Investment Services, Corporate Finance, Capital Markets and Project Finance. Going forward, the bank will continue to play a key role in the promotion of innovative Cash, Trade and Treasury products and the development of the Capital Markets in Uganda.
