Uganda Development Bank - Overview

Overview

The bank began its operations in 1972. Uganda Development Bank is the first development finance institution established by the Government of Uganda. The main objective of UDB is to promote and finance development in various sectors of the economy with particular emphasis on agriculture, industry, tourism, housing and commerce. As of December 2010, the total asset valuation of the bank was approximately US$51.3 million (UGX:102.7 billion), with shareholders equity of approximately US$45.5 million (UGX:90.9 billion)