Kenya Commercial Bank (Uganda)
|Key people||Samwiri Njuki
|Products||Loans, credit cards, savings, investments, mortgages|
|Revenue||Pretax: US$3.7 million (UGX:9.04 billion) (2011)|
|Total assets||US$131 million (UGX:335.5 billion) (2012)|
The bank focuses on meeting the banking needs of individuals and corporate entities. As of December 2012[update] KCB Uganda had an asset base valued at about US$131 million (UGX:335.5 billion). That accounted for approximately 2.1% of total banking assets in the country at that time.
As of December 2011[update], shareholders' funds were valued at about US$21.5 million (KES:1.77 billion). At that time, the bank's customer base exceeded 59,140 and customer deposits exceeded US$88 million (UGX:217.3 billion), accounting for about 3% of bank deposits in Uganda.
Kenya Commercial Bank Group
Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include: 1. KCB Kenya, Nairobi 2. KCB Rwanda, Kigali 3. KCB South Sudan - Juba 4. KCB Tanzania, Dar es Salaam 5. KCB Uganda, Kampala 6. KCB Foundation Limited, Nairobi 7. KCB Sports Sponsorship Limited, Nairobi 8. Savings & Loan Kenya Limited, Nairobi and 9. KCB Burundi, Bujumbura.
As of October 2011[update], KCB Group was the largest financial services group in East Africa, with an asset base valued at over US$3 billion. At that time, the Group had the widest network of banking outlets consisting of over 220 branches in Kenya, Rwanda, South Sudan, Tanzania and Uganda. Later, KCB Group established a subsidiary in Burundi.
In November, 2007, the first branch of KCB Uganda opened in Kampala, Uganda's capital city, following licensing by the Bank of Uganda, the national banking regulator. Since then, the bank has opened fourteen more branches in the country. KCB Uganda is a 100% subsidiary of the KCB Group. The shares of KCB Group stock are traded on the following East African Stock Exchanges under the symbol "KCB": (a) Nairobi Stock Exchange (b) Uganda Securities Exchange (c) Rwanda Stock Exchange and (d) Dar es Salaam Stock Exchange. In May 2012, media reports indicated that KCB Uganda was making plans to acquire a licensed financial services institution in Uganda, within the next two years.
As of May 2014[update], KCB Uganda has a network of fourteen branches in Central, Eastern, Northern and Western Uganda. Among the locations where the bank maintains branches are the following:
- Arua Branch - Arua
- Gulu Branch - Gulu
- Hoima Branch - Hoima
- Jinja Branch - Jinja
- Kampala Road Branch — Kampala Road, Kampala Main Branch
- Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala
- Luwuum Street Branch — Luwuum Street, Kampala
- Sixth Street Branch — Sixth Street, Kampala
- Oasis Mall Branch — Oasis Mall, Kampala
- Ndeeba Branch - Ndeeba, Kampala
- Lira Branch - Lira
- Fort Portal Branch - Fort Portal
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
- Kikuubo Branch Kikuubo - Kampala
- Forest Mall Branch -Forest Mall, Lugogo, Kampala
- The Chairman of the Board of Directors is Samwiri Njuki. The Managing Director is Albert Odongo. He was appointed to that position in June 2010 when his predecessor, James Agin, was promoted to Group Managing Director.
- Paul Busharizi, Sylvia Juuko (25 August 2010). "Uganda: Dominant Banks Losing Grip - KCB". New Vision via AllAfrica.com. Retrieved 4 May 2014.
- Ojambo, Fred (9 March 2012). "Kenya Commercial Bank’s Ugandan Unit Reports First Annual Profit". Bloomberg News. Retrieved 4 May 2014.
- "List of Licensed Commercial Banks In Uganda". Bank of Uganda. Retrieved 4 May 2014.
- Nimubona, Desire (17 April 2013). "KCB Chief Laments Saturation Of Ugandan Bank Market". Ventures Africa Magazine. Retrieved 4 May 2014.
- Assets & Market Share Among Commercial Banks In Uganda
- "KCB Group First Quarter Profit Jumps 31 Percent". Standard Media Group (Nairobi). 30 April 2014. Retrieved 4 May 2014.
- Ratemo, James (25 October 2011). "East Africa: KCB Is the Region's Largest Bank By Branch Network (222 Outlets), Asset Base (KSh322 Billion) And Capital Base (KShh41 Billion)". Business Daily Africa via AllAfrica.com. Retrieved 4 May 2014.
- Afandi, Christine (15 June 2008). "Tanzania: KCB Is Now Listed At The Dar Bourse". The EastAfrican via AllAfrica.com. Retrieved 4 May 2014.
- Monitor, Correspondent (16 May 2012). "KCB Targets Uganda Acquisitions". Daily Monitor.
- Muhumuza, Mark (18 October 2010). "Kenya: Nation Bank Targets Small Regional Businesses". East African Business Week via AllAfrica.com. Retrieved 4 May 2014.
- Osere, Emojong (29 May 2010). "KCB Uganda Changes Top Bosses". New Vision. Retrieved 4 May 2014.
- KCB Group Homepage
- KCB Uganda Homepage
- KCB Uganda Lost US$4.95 (KES:409.3 million), Aftertax, In 2010