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BoU clears CBA and NC Bank merger in Uganda; but who will head the new NCBA Bank?

by Muhereza Kyamutetera
Anthony Ndegwa CEO, CBA Uganda (left) and Sam Ntulume, Managing Director NC Bank Uganda
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Bank of Uganda has cleared the merger of two out-of-Nairobi banks- NC Bank Uganda and Commercial Bank of Africa. The two as per 2019 results were the 19th and 21st largest banks by assets respectively and the merger will pave way for Uganda's 15th largest bank- out of 25 licensed banks.  The merged entity will also control well over UGX281 billion in lending and UGX370 billion in customer

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.