BOU Licensed Lenders
Bank of Uganda Supervised Financial Institutions
Only borrow from licensed and supervised lenders. Bank of Uganda regulates all financial institutions to ensure consumer protection and financial stability.
đ Consumer Protection
BOU-licensed institutions must follow consumer protection guidelines including transparent pricing, fair debt collection practices, and data privacy requirements.
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Commercial Banks
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Credit Institutions
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Microfinance (MDIs)
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Digital Lenders
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Mobile Money
Frequently Asked Questions
How do I verify if a lender is licensed by Bank of Uganda?
Visit the Bank of Uganda website at www.bou.or.ug and check their list of supervised financial institutions. BOU regulates commercial banks, credit institutions, and microfinance deposit-taking institutions (MDIs).
What is the difference between a bank and a credit institution in Uganda?
Commercial banks can accept deposits and offer a full range of banking services. Credit institutions can accept deposits but have limitations on foreign exchange services. Both are regulated by Bank of Uganda.
Are MTN MoKash and Airtel Wewole loans regulated?
Yes, mobile money services like MTN Mobile Money and Airtel Money are licensed by Bank of Uganda. The lending products offered through these platforms are regulated.
What should I do if I encounter an unlicensed lender?
Report unlicensed lenders to Bank of Uganda through their consumer protection unit. Unlicensed lenders may charge excessive interest rates and use predatory collection practices.
Verify with Bank of Uganda
For the most up-to-date list of licensed institutions, visit the official Bank of Uganda website.
Visit Bank of Uganda