Imperial Bank Uganda

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Imperial Bank Uganda
Type Private
Industry Financial Services
Founded 2011
Headquarters 6 Hannington Road
Kampala, Uganda
Key people Sarah Nanziri Bagalaaliwo
Chairman
Kailash Giri
Managing Director
Products Loans, checking, savings, investments, debit cards
Revenue DecreaseAftertax:US$764,100 (UGX:1.97 billion) (2013)
Total assets US$87 million (UGX:214.65 billion) (2013)
Parent Imperial Bank Limited
Website Homepage

Imperial Bank Uganda, commonly known as Imperial Bank, is a commercial bank in Uganda. It is one of the commercial banks licenced by Bank of Uganda, the central bank and national banking regulator.[1]

Overview[edit]

The bank is a small-sized retail bank that caters to both individuals and corporate clients. In December 2013, the bank's total assets were valued at approximately US$87 million (UGX:214.65 billion), with shareholders' equity of approximately US$13.7 million (UGX:34.2 billion).[2] Imperial Bank Kenya is one of ten Kenyan commercial banks with intentions of expanding their operations into the rest of East Africa. They are:[3]

  1. ABC Bank (Kenya) - ABC Capital Bank
  2. Bank of India Kenya - Bank of India Uganda
  3. Commercial Bank of Africa - Commercial Bank of Africa (Uganda)
  4. Equity Group Holdings Limited - Equity Bank Uganda Limited
  5. Guaranty Trust Bank - East Africa - Guaranty Trust Bank (Uganda)
  6. Imperial Bank Kenya - Imperial Bank Uganda
  7. Kenya Commercial Bank Group - KCB Uganda
  8. NIC Bank Group - NC Bank Uganda
  9. I&M Bank Group - I&M Bank (Uganda): In development
  10. Cooperative Bank of Kenya - Cooperative Bank of Uganda - In development.[4]

History[edit]

Imperial Bank Uganda was established in 2011,[5] by two major investors, Mukwano Group, a diversified Ugandan business and manufacturing conglomerate, and Imperial Bank Kenya, a medium-sized financial services provider, based in Nairobi, Kenya, with total assets of about US$498 million (KES:43 billion), as of December 2013.[6]

Ownership[edit]

The stock of the bank is privately held. The detailed shareholding in Imperial Bank Uganda is depicted in the table below:[7]

Imperial Bank Uganda Stock Ownership
Rank Name of Owner Percentage Ownership
1 Imperial Bank Limited of Kenya 63.5
2 Amazal Holdings Limited of Uganda 36.5
Total 100.00

Branch network[edit]

As of May 2014, the locations of the bank's branches included the following:[8]

  1. Main Branch - 6 Hannington Road, Kampala
  2. Mukwano Mall Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road, Kampala
  3. Nakivubo Branch - Mukwano Centre Shopping Arcade, Nakivubo Place Road, Kampala
  4. Kikuubo Branch - 24 Kikuubo Lane, Kampala
  5. Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo, Kampala

Governance[edit]

Sarah Nanziri Bagalaaliwo, a non-executive director of the bank, is the Chairperson of the Board of Directors. Kailash Giri is the Managing Director.[9]

See also[edit]

References[edit]

  1. ^ "List of Licensed Commercial Banks In Uganda At 2012". Bank of Uganda. Retrieved 4 May 2014. 
  2. ^ "Shareholding In Imperial Bank Uganda". Imperial Bank Uganda. Retrieved 4 May 2014. 
  3. ^ Juma, Victor (7 February 2011). "Mid-Sized Banks Seek to Cash In on Regional Growth". Business Daily Africa. Retrieved 4 May 2014. 
  4. ^ Reuters, . (13 August 2014). "Kenya's Co-op Bank To Expand In The Region After Solid First Half". Reuters © Thomson Reuters 2014. Retrieved 21 August 2014. 
  5. ^ Nantaba, Eriosi (7 February 2011). "Imperial Bank Set To Open In Uganda". East Africa Business Week (Kampala) via Archive.today. Retrieved 4 May 2014. 
  6. ^ IBKL, . (2014). "Audited 31 December 2013 Financial Statement" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 21 August 2014. 
  7. ^ "Ownership of Imperial Bank Uganda". Imperial Bank Uganda. Retrieved 4 May 2014. 
  8. ^ "Branches of Imperial Bank Uganda In May 2014". Imperial Bank Group. Retrieved 4 May 2014. 
  9. ^ "Members of the Board of Directors". Imperial Bank Group. Retrieved 4 May 2014. 

External links[edit]