Nile Bank Limited
|Fate||Acquired by Barclays Bank and merged into Barclays Bank Uganda|
Nile Bank was established in 1988 for the purposes of providing banking services to the public at a time when low cost banking was almost non-existent in Uganda. By 1992 the bank had two branches and has since expanded to six branches including branches in Mbarara, Entebbe and Jinja. The bank has around 90,000 customers and in January 2003, Nile Bank became one of the first Ugandan banks to receive ISO certification.
Automated telling Nile Bank's operations are centered in the capital city of Kampala. The bank has invested in providing 24-hour banking services to its target mass market. The bank has 21 Automated Teller Machines (ATMs) in and around Kampala and 3 in Mbarara, Entebbe and Jinja bringing the total to twenty four (24) by January 2004.
Credit department Nile Bank offers CreditSource for consumer loans; FlexiSource for small and medium sized enterprises (SMEs); WheelSource for automobile loans; and EntertainmentSource for television and satellite dish purchase.
Western Union Nile Bank is a leading Ugandan agent for Western Union's money transfer service, handling over 200,000 transactions per year.
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