Standard Chartered Uganda

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Standard Chartered Bank (Uganda)
Type Private
Industry Financial Services
Founded 1912
Headquarters 5 Speke Road, Kampala, Uganda
Key people Robin Kibuuka[1]
Chairman
Herman Kasekende
Managing Director[2]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase Aftertax: US$51.6 million (UGX:132 billion) (2012)[3]
Total assets US$964.6 million (UGX:2.5 trillion) (2012)[4]
Employees 629 (2012)[5]
Website www.sc.com/ug

Standard Chartered Uganda, whose official name is Standard Chartered Bank (Uganda) Limited, but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the national banking regulator.[6]

Overview

Stanchart Uganda is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. As of December 2012, it was the second largest commercial bank in Uganda, by assets, with an estimated asset base of US$964.6 million (UGX:2.5 trillion), behind Stanbic Bank. As of December 2011, shareholders' equity stood at approximately US$92.7 million (UGX:229 billion).[7] At that time, Stanchart owned an estimated 15% of total bank assets in the country and maintained approximately 2.6% of all bank branches in Uganda.[8]

History

Founded in August 1912, Standard Chartered Uganda, is the oldest commercial bank in the country. It has maintained a continuous banking presence in the country ever since. In 1998 Stanchart Uganda acquired four branches of former Uganda Cooperative Bank. As of November 2013, SCBU has a network of 13 branches, 32 ATMs and employs over 600 people.[9]

Ownership

Stanchart Uganda is a 100% subsidiary of the Standard Chartered Bank Group, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.[10] The stock of the Standard Chartered Bank Group is listed on the London Stock Exchange, the National Stock Exchange of India and the Hong Kong Stock Exchange.

Branch network

As of November 2013, the bank has a network of interconnected branches at the following locations, arranged alphabetically:[11]

  1. City Branch - 9 William Street, Kampala
  2. Garden City Branch - Garden City Shopping Mall, 64 - 84 Yusuf Lule Road, Kampala
  3. Gulu Branch - 3 Andrea Ola Road, Gulu
  4. Jinja Branch - 2-4 Grant Road, Jinja
  5. Kikuubo Branch - Kikuubo Lane, Kampala
  6. Lugogo Branch - Forest Mall, 2-8 Lugogo Bypass Road, Kampala
  7. Mbale Branch - 37 Republic Street, Mbale
  8. Mbarara Branch - 24 High Street, Mbarara
  9. Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala (Specializes in mortgage products)
  10. Naalya Branch - Shop #83, Metroplex Mall, 103 Kampala Northern Bypass, Naalya
  11. Ndeeba Branch - 1156 Masterwood Plaza, Ndeeba
  12. Ntinda Branch - Ntinda Shopping Mall, 1 Kimera Road, Ntinda
  13. Speke Road Branch - 5 Speke Road, Kampala Head Office

Management Board

The Managing Director of Standard Chartered Bank (Uganda) is Herman Kasekende, a native of the Uganda, who has been serving as the regional head of SME products and solutions at Standard Chartered Group's regional headquarters, based in Nairobi, Kenya.[12]

See also

External links

References

  1. ↑ Robin Kibuuka Is Chairman of Stanchart Uganda
  2. ↑ Herman Kasekende Is Managing Director Effective 1 August 2012
  3. ↑ December 2012 Aftertax Profit
  4. ↑ Total Assets Asof December 2012
  5. ↑ Number of Current Employees
  6. ↑ List of Licensed Commercial Banks In Uganda
  7. ↑ Standard Chartered Uganda Financials In December 2011
  8. ↑ Marketshare of Ugandan Commercial Banks by Assets & Branches
  9. ↑ History of Stanchart Uganda
  10. ↑ Homepage of Standard Chartered Bank Group
  11. ↑ Branch Network of Standard Chartered Uganda
  12. ↑ Herman Kasekende Is New Managing Director


Capital: Kampala
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