Kenya: Absa Bank Uganda Buys Retail, Wealth Business From Rival

Kenya: Absa Bank Uganda Buys Retail, Wealth Business From Rival

Nairobi -- Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda's Wealth and Retail Banking (WRB) business portfolio, expanding its footprint in the country's financial sector.

Standard Chartered continues African restructuring with sale of Uganda Wealth & Retail Unit to Absa

Standard Chartered Bank Uganda has signed an agreement to sell its Wealth and Retail Banking (WRB)  business portfolio to Absa Bank Uganda. The move is part of Standard Chartered’s global strategy to exit non-core markets and focus purely on its wholesale business in Africa. The agreement, which is subject to regulatory approval, marks another step […] The post Standard Chartered continues African restructuring with sale of Uganda Wealth & Retai…

Absa Bank Uganda buys retail, wealth business from rival

NAIROBI, Kenya, Oct 24 - Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business Kenya breaking news | Kenya news today

Absa Bank Acquires Standard Chartered's Wealth & Retail Banking Business in Uganda » Business Focus

David Wandera, MD ABSA and Sanjay Rughani, CEO Absa Bank Uganda, a wholly owned subsidiary of the Absa Group, is set to acquire Standard Chartered Uganda’s Wealth and Retail Banking (WRB) business portfolio in Uganda. The transaction is subject to regulatory approvals. This follows Standard Chartered’s 27 November 2024 announcement of its intention to explore a potential sale, in line with the Bank’s global strategy to concentrate resources wher…

Absa Bank Set to Acquire Standard Chartered’s Retail and Wealth Business in Uganda

Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s... The post Absa Bank Set to Acquire Standard Chartered’s Retail and Wealth Business in Uganda appeared first on CEO East Africa.