Company Information

Get to know Tropical Bank

Tropical Bank Limited is a commercial bank operating in Uganda, licensed and supervised by the Bank of Uganda. Incorporated in 1973, it provides a comprehensive suite of financial services including personal banking (savings, current accounts, loans), business banking (SME and corporate solutions), diaspora banking, and agent banking. The bank's mission is to offer professional and efficient "Friendly Banking for Life". It is jointly owned by the Libyan Arab Foreign Bank (LAFB), which holds a 99.97% stake, and the Government of the Republic of Uganda with the remaining 0.03%.

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Financial BankingPRIMARY
Financial Other Service

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Tropical Bank

Uganda

Founded in

1973 (53 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.