| Type | Public Company GSE: ETI |
|---|---|
| Industry | Financial Services |
| Founded | 2009 |
| Headquarters | Kampala, Uganda |
| Key people | David Twahirwa Chairman Micheal Monari Managing Director |
| Products | Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages |
| Website | Homepage |
Ecobank (Uganda) is a commercial bank in Uganda
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The bank began operations in January 2009 as a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.
Ecobank (Uganda) is a member of Ecobank, the leading independent pan-African bank, headquartered in Lomé, Togo with affiliates in West Africa, Central Africa and East Africa. Ecobank, which was established in 1985, has grown to a network of over 600 branches, employing over 10,000 people, with offices in 29 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Liberia, Mali, Malawi, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, Togo, Uganda and Zambia.[1]
Ecobank Transnational Inc. (ETI) is the parent company of the Ecobank Group which includes the following specialized subsidiaries:[2]
The stock of ETI is traded on three African stock exchanges, namely; the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE) and the BRVM stock exchange in Abidjan, Ivory Coast.[3]
The exact percentage share ownership of Ecobank (Uganda) is not publicly known but Ecobank owns a significant portion of the shares of the company. Other investors include Charles Mbire, a Director of the bank and according to press reports, the wealthiest indigenous Ugandan with a net worth in excess of US$60 million.[4]
The following individuals sit on the Board of Directors of Ecobank (Uganda): [5]
Micheal Monari is the Managing Director of Ecobank (Uganda). He was appointed to tat position in October 2011, replacing Dele Alabi, who was relocated to Ecobank (Nigeria).[6]
As of December 2011, Ecobank (Uganda) has nine (9) branches in Uganda, eight of them around Kampala. Plans are underway to open more branches all over the country and to expand the branch network to a total of eighty (80) branches within the next five (5) years.[7] The current branch network includes the following locations:[8]
