Ecobank Uganda

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Ecobank Uganda
Public Company
GSE: ETI
Industry Financial services
Founded 2009
Headquarters 4 Parliament Avenue
Kampala, Uganda
Key people
Henry Lubwama
chairman
Micheal Monari
managing director
Products Loans, savings, investments, debit cards, credit cards, mortgages
Revenue DecreasePretax:US$1.6 million (5.475 billion) (2014)
Total assets US$81.3 million (UGX:278.8 billion) (2014)
Website Homepage

Ecobank Uganda is a bank in Uganda that operates as a commercial bank under a license granted by the Bank of Uganda, the central bank and national banking regulator.[1]

Location[edit]

The headquarters of Ecobank Uganda are located at 4 Parliament Avenue, in the Central Division of Kampala, the capital and largest city of Uganda.[2] The coordinates of he bank's headquarters are 0°18'47.0"N, 32°35'06.0"E (Latitude:0.313050; Longitude:32.585000).[3]

Overview[edit]

The bank began operations in Uganda on 19 January 2009 as a full-service bank. It provides wholesale, retail, investment, and transaction banking services and products to governments, financial institutions, multinationals, international organizations, businesses, and individuals.[2]

As of 31 December 2014, the bank's total assets were UGX:278.8 billion, with shareholders' equity of UGX:46.9 billion.[4]

Ownership[edit]

Ecobank Uganda is a subsidiary of Ecobank Transnational, a banking conglomerate headquartered in Lome, Togo.[5]

Board of directors[edit]

The following individuals sat on the board of directors of Ecobank (Uganda) as of 31 December 2015:[4]

  1. Henry Lubwama, chairman
  2. Kin Kariisa, non-executive director
  3. Ehoumann Kasi, non-executive director
  4. Gertrude K. Lutaaya, non-executive director
  5. Hilary Obonyo, non-executive director
  6. Annette Kihuguru, executive director

Management team[edit]

Micheal Monari is the managing director of Ecobank (Uganda). He was appointed to that position in October 2011, replacing Dele Alabi, who was relocated to Ecobank Nigeria.[6]

Branch network[edit]

As of May 2014, Ecobank Uganda maintained networked branches at the following locations:[7]

  1. Bombo Road Branch - Bombo Road, Kampala
  2. Bugema Branch - Bugema University, Gayaza-Ziroobwe Road[8]
  3. Entebbe Airport Branch - Entebbe International Airport
  4. Lugogo Branch - Forest Mall, 3A2 & 3A3 Sports Lane, Lugogo, Kampala
  5. Head Office Branch - Parliament Avenue, Kampala
  6. Jinja Branch - Jinja[9]
  7. Kikuubo Branch - Nakivubo Road, Kampala
  8. Kyambogo University Branch - Kyambogo University Campus, Kyambogo
  9. Mukono Branch - Jinja Road, Mukono
  10. Nakasero Branch - Rwenzori Towers, Nakasero Road, Nakasero, Kampala
  11. Ndeeba Branch - Masaka Road, Ndeeba, Kampala
  12. Oasis Mall Branch - Oasis Mall, Yusuf Lule Road, Kampala
  13. Wandegeya Branch - Bombo Road, Wandegeya, Kampala[10]

As of Octobet 2013, new branches were planned in Mbale, Arua, Mbarara and Gulu.[11] A branch was planned in Amuru in the Northern Region but had not opened as of May 2014.[12]

See also[edit]

References[edit]

  1. ^ Bank of Uganda (30 June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda. Retrieved 18 December 2015. 
  2. ^ a b Vision Reporter (8 October 2013). "25 years of banking in Africa (Ecobank Supplement)". New Vision. Kampala. Retrieved 3 November 2016. 
  3. ^ Google (3 November 2016). "Location of the Headquarters of Ecobank Uganda" (Map). Google Maps. Google. Retrieved 3 November 2016. 
  4. ^ a b Ecobank Uganda Limited (28 April 2015). "Ecobank Uganda Limited: Statement of Financial Position As at 31 December 2014" (PDF). Kampala: Ecobank Uganda Limited. Retrieved 3 November 2016. 
  5. ^ Wallace, Paul (20 April 2015). "Ecobank's Profit Climbs After Pan-African Lender Curbs Expenses". Bloomberg News. Retrieved 3 November 2016. 
  6. ^ Nantaba, Eriosi (17 October 2011). "East Africa: Eco Bank Has New Managing Director". Kampala: East Africa Business Week via AllAfrica.com. Retrieved 3 November 2016. 
  7. ^ "List of Ecobank Uganda Branches". Ecobank Uganda. Retrieved 3 May 2014. 
  8. ^ Ecobank Uganda Opens 10th Branch At Bugema University
  9. ^ Mwesigwa, Alon (15 January 2014). "Uganda: Ecobank Opens Jinja Branch". The Observer (Uganda) via AllAfrica.com. Retrieved 3 May 2014. 
  10. ^ Osere, Emojong (7 March 2010). "Bank of Uganda Urges Banks To Go Rural". New Vision. Retrieved 3 May 2014. 
  11. ^ Ogwang, Joel (8 October 2013). "Uganda: 25 Years of Banking in Africa (Ecobank Supplement)". New Vision via AllAfrica.com. Retrieved 3 May 2014. 
  12. ^ Ssempijja, David (25 March 2010). "Uganda: Amuru District To Get First Bank". New Vision via AllAfrica.com. Retrieved 3 May 2014. 

External links[edit]