Kenya Commercial Bank (Uganda)

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Kenya Commercial Bank (Uganda)
Type Public
Industry Banking
Founded 2007
Headquarters Commercial Plaza
Kampala Road
Kampala, Uganda
Key people Samwiri Njuki
Albert Odongo
Managing Director[1]
Products Loans, credit cards, savings, investments, mortgages
Revenue Increase Pretax: US$3.7 million (UGX:9.04 billion) (2011)[2]
Total assets US$131 million (UGX:335.5 billion) (2012)
Employees 336 (2013)
Website Homepage

Kenya Commercial Bank (Uganda) (KCB Uganda), is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.[3]


The bank focuses on meeting the banking needs of individuals and corporate entities. As of December 2012 KCB Uganda had an asset base valued at about US$131 million (UGX:335.5 billion).[4] That accounted for approximately 2.1% of total banking assets in the country at that time.[5]

As of December 2011, 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[edit]

Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include:[6] 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, 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.[7] 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.[8] 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.[9]

Branch network[edit]

As of May 2014, 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:[citation needed]

  1. Arua Branch - Arua
  2. Gulu Branch - Gulu
  3. Hoima Branch - Hoima
  4. Jinja Branch - Jinja
  5. Kampala Road Branch — Kampala Road, Kampala Main Branch
  6. Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala
  7. Luwuum Street Branch — Luwuum Street, Kampala
  8. Sixth Street Branch — Sixth Street, Kampala
  9. Oasis Mall Branch — Oasis Mall, Kampala
  10. Ndeeba Branch - Ndeeba, Kampala[10]
  11. Lira Branch - Lira
  12. Fort Portal Branch - Fort Portal
  13. Mbale Branch - Mbale
  14. Mbarara Branch - Mbarara
  15. Kikuubo Branch Kikuubo - Kampala
  16. Forest Mall Branch -Forest Mall, Lugogo, Kampala


See also[edit]


  1. ^ Paul Busharizi, Sylvia Juuko (25 August 2010). "Uganda: Dominant Banks Losing Grip - KCB". New Vision via Retrieved 4 May 2014. 
  2. ^ Ojambo, Fred (9 March 2012). "Kenya Commercial Bank’s Ugandan Unit Reports First Annual Profit". Bloomberg News. Retrieved 4 May 2014. 
  3. ^ "List of Licensed Commercial Banks In Uganda". Bank of Uganda. Retrieved 4 May 2014. 
  4. ^ Nimubona, Desire (17 April 2013). "KCB Chief Laments Saturation Of Ugandan Bank Market". Ventures Africa Magazine. Retrieved 4 May 2014. 
  5. ^ Assets & Market Share Among Commercial Banks In Uganda
  6. ^ "KCB Group First Quarter Profit Jumps 31 Percent". Standard Media Group (Nairobi). 30 April 2014. Retrieved 4 May 2014. 
  7. ^ 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 Retrieved 4 May 2014. 
  8. ^ Afandi, Christine (15 June 2008). "Tanzania: KCB Is Now Listed At The Dar Bourse". The EastAfrican via Retrieved 4 May 2014. 
  9. ^ Monitor, Correspondent (16 May 2012). "KCB Targets Uganda Acquisitions". Daily Monitor. 
  10. ^ Muhumuza, Mark (18 October 2010). "Kenya: Nation Bank Targets Small Regional Businesses". East African Business Week via Retrieved 4 May 2014. 
  11. ^ Osere, Emojong (29 May 2010). "KCB Uganda Changes Top Bosses". New Vision. Retrieved 4 May 2014. 

External links[edit]