Absa to Acquire Standard Chartered's Retail Business in Uganda
Africa Business Communities reports that Standard Chartered Bank Uganda and Absa Bank Uganda have signed an agreement for the sale of Standard Chartered Uganda's Wealth and Retail Banking business portfolio to Absa.
The move aligns with Standard Chartered's global strategy to focus resources where it offers the most distinctive client proposition, as announced in November 2024.
- The transaction does not affect Standard Chartered's Corporate and Investment Banking operations in Uganda.
- All Standard Chartered WRB clients and employees will transition to Absa Bank Uganda.
Both banks have committed to working closely together to ensure a seamless transition for clients, staff, and other stakeholders.
Author's summary: Absa acquires Standard Chartered's Uganda retail business.
More News
- Canada’s Lululemon Partners With National Football League
- Deandre Ayton claims Los Angeles Lakers superstars ‘troll him’ to get him going
- The new age of pediatric medication awareness - Express Healthcare
- Pirates Top 30 Prospects No. 15: Zander Mueth Set Back By Injuries
- Racial Disparities Persist in Victim Compensation for Homicide Survivors
- Landmark New Report Shows Canadian Lobbyists Represent Major Polluters Alongside Environmental Groups
- Why Experienced Lawyers Matter in a Personal Injury Case | NorthPennNow
- Australia is Suing Microsoft Over Misleading Microsoft 365 Price Hikes
- Pirates Listed as Potential Fit for Trent Grisham, Luis Arráez and Other Top Free Agents
- Staffordshire Leader Reacts to "Squandered" Billions of Taxpayers' Money on Asylum Hotels - Staffordshire County Council Newsroom