Absa Bank Takes over Standard Chartered Uganda’s Retail Banking Business
Standard Chartered will keep its corporate and investment banking unit as customers move to Absa channels after the weekend migration, the banks said.
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7 Articles
StanChart Transfers Uganda Retail Banking to Absa After 114 Years
Standard Chartered Bank Uganda has completed the sale of its Wealth and Retail Banking business to Absa Bank Uganda, ending its direct involvement in consumer banking in the country after 114 years. The transfer, which took effect on November 13, 2026, follows regulatory approvals and a transition process involving the two financial institutions. Under the […]
Absa Completes Takeover of Standard Chartered Uganda Retail Banking Business
Standard Chartered Uganda retail customers and wealth clients now bank with Absa Bank Uganda Limited. The sale of the bank’s Wealth and Retail Banking (WRB) business took effect on Friday 13 November. Migrated customers are expected to reach their accounts, cards and digital banking through Absa channels from Monday 16 November. The transfer covers the [...] The post Absa Completes Takeover of Standard Chartered Uganda Retail Banking Business ap…
Absa Bank Uganda has finalized the acquisition of the retail banking and asset management activities of Standard Chartered Uganda, after obtaining regulatory authorizations. The transaction, the amount of which has not been communicated, takes effect on Friday, 13 November. The transfer agreement had been signed on 24 October 2025. The Ugandan Central Bank has
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