Uganda Development Bank Limited (UDBL) is a public enterprise wholly owned by the Government of Uganda and carrying on business as a Development Finance Institution (DFI).

The bank, a successor company to Uganda Development Bank, was incorporated as a limited liability company under the Public Enterprises Reform and Divestiture Act, Cap.98, Laws of Uganda and it is mandated to finance enterprises in key growth sectors of the economy. The Bank has been in existence since 1972.

UDBL re-positioned itself as a key partner to the Government of Uganda in delivering its National Development Plan (NDP).

In order to deliver this aspiration, the Bank focuses on the key growth sectors of the economy by financing development projects at attractive terms.

The Bank supports Small & Medium Enterprises (SMEs) and large scale development projects in the various key growth sectors notably;

  • Infrastructure development
  • Industrialization
  • Primary agriculture, fisheries and livestock and, agro-processing
  • Natural resources extraction
  • Hospitality and Tourism
  • Real estate development
  • Information technology and telecommunication
  • Social services like Education including vocational and tertiary education and, health.
  • Trade and Commerce Sectors

Our Core Values and Organizational Culture

The core values of the Bank are:

Commitment: We are committed to growing and attaining sustainable value for all our stakeholders, and we will hold ourselves accountable at all times. The need to exceed our stakeholder expectations at all times will drive the manner in which we conduct our business.

Excellence: We shall endeavor to excel in whatever we do and we shall always seek innovative customer focused products and services. We are committed to doing whatever we do excellently at all times in pursuit of results.

Integrity: We will uphold the highest standards of ethics and integrity and endeavor to be transparent in all our actions at all times.


“Promote sustainable socio-economic development through innovative financial products and services”


“Profitably financing enterprises in key growth sectors”


Plot 6 Nakasero Road
Rwenzori Towers, 1st Floor, Wing B
P.O.Box 7210, Kampala, Uganda
Phone: +256 414 355 550
+256 414 355 555
+256 414 355 556
Email: info@udbl.co.ug