bank account downgrade

ABC Bank (Uganda), whose full name is ABC Capital Bank Uganda Limited, is a Tier II credit institution in Uganda that is licensed by the Bank of Uganda, the central bank and national banking regulator. Previously licensed as a commercial bank, the institution was given between 1 April 2024 and 1 July 2024 to re-organize as a Tier II institution, close all customer checking accounts and cease dealing in foreign exchange.

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