Absa Bank Acquires Standard Chartered’s Retail Banking Business
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Absa Bank Acquires Standard Chartered’s Retail Banking Business

October 24, 2025
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Standard Chartered Bank Uganda and Absa Bank Uganda have entered into an agreement for the sale of Standard Chartered’s Wealth and Retail Banking (WRB) business portfolio in Uganda. This development follows Standard Chartered’s November 27, 2024 announcement of its intention to explore a potential sale, in line with the bank’s

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