Kampala, Uganda
Bank of Baroda (U) Ltd started its operations on 18.12.1953 by opening its first branch at Kampala. Later on, it was incorporated as Subsidiary of Bank of Baroda-India with 49% shareholding of Govt. of Uganda. Under privatization move of Govt. of Uganda, Parent Bank- Bank of Baroda (India) became the sole owner by taking over 49% shareholding of Govt. of Uganda on 07.06.1999 and divested 20% shares to public in Sept. 2002.
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