NC Bank Uganda

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NC Bank Uganda
Industry Financial Services
Founded 2012
Headquarters Rwenzori House
Nakasero Road
Kampala, Uganda
Key people
John Okulo
Managing Director[1]
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards
Revenue DecreaseAftertax:US$0.285 million (UGX:718 million) (2012)
Total assets US$13.52 million (UGX:34 billion) (2012)
Slogan " bank..."
Website Homepage

NC Bank Uganda (NCBU), whose complete name is NC Bank Uganda Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the country's central bank and national banking regulator.[2]


NCBU is a small, but growing financial services provider in Uganda, focusing on meeting the banking needs of small and medium enterprises (SMEs) and large corporations. As of December 2012, the total asset valuation of the bank was about US$13.5 million (UGX:34 billion), with shareholders' equity of approximately the same value.[3] The bank is a subsidiary of the NIC Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania and Uganda.


The bank was founded in 2012 and received a commercial banking license from Bank of Uganda in April 2012.[4] NC Bank Uganda opened for business in May 2012.[5]

NIC Bank Group[edit]

NC Bank Uganda is a 100% subsidiary of NIC Bank Group, a Kenyan financial services provider. The group includes NIC Bank, a Kenyan bank, NIC Bank Tanzania, NC Bank Uganda and other Kenyan subsidiary businesses. The group is a large financial services conglomerate, with over US$1.0 billion in assets. The stock of the group is traded on the Nairobi Stock Exchange, under the symbol: NINC. Members companies of the group include the following:

  1. NIC Bank - Retail banking - Nairobi, Kenya Kenya 100% Shareholding
  2. NIC Capital - Investment banking - Nairobi, Kenya Kenya 100% Shareholding
  3. NIC Capital Securities - Securities brokerage - Nairobi, Kenya Kenya - 100% Shareholding
  4. NIC Bank Tanzania - Retail banking - Dar es Salaam, Tanzania Tanzania 69% Shareholding[6]
  5. NC Bank Uganda - Retail banking - Kampala, Uganda Uganda 100% Shareholding[7]


As of July 2012, the bank maintains networked branches at the following locations:

  1. Nakasero Branch - Rwenzori House, Nakasero Road, Nakasero, Kampala Main Branch

See also[edit]


  1. ^ Nalubega, Flavia (8 June 2012). "New Banks Kick Off Operations Amid Market Volatilities". Daily Monitor. Retrieved 4 May 2014. 
  2. ^ "List of Licensed Commercial Banks In Uganda At December 2012". Bank of Uganda. Retrieved 4 May 2014. 
  3. ^ "Audited December 2012 Group Financial Statement". NIC Bank Group. Retrieved 4 May 2014. 
  4. ^ "Bank of Uganda Licenses Two New Banks In 2012". Bank of Uganda. Retrieved 4 May 2014. 
  5. ^ Nation, Correspondent (April 2012). "NIC To Open Uganda Branch In Growth Drive". Daily Nation. Retrieved 4 May 2014. 
  6. ^ "NIC Bank Group Enters Tanzania Banking Sector". 24 August 2009. Retrieved 4 May 2014. 
  7. ^ Mugwe, David (28 March 2012). "NIC Bank Plans KSh2 Billion Rights Issue For Expansion". Business Daily Africa. Retrieved 4 May 2014. 

External links[edit]