NC Bank Uganda

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NC Bank Uganda
Private
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 IncreaseAftertax:US$241,200 (UGX:670 million) (2014)
Total assets US$56.5 million (UGX:156.8 billion) (2014)
Slogan "...one life...one 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]

Overview[edit]

NCBU is a small but growing financial services provider in Uganda, focusing on meeting the banking needs of small and medium enterprises and large corporations. As of December 2014, the total asset valuation of the bank was USh:156.8 billion.[3] The bank is a subsidiary of the NIC Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, and Uganda.

History[edit]

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

NIC Bank Group[edit]

The bank is a wholly owned subsidiary of NIC Bank Group, a Kenyan financial services provider.

Branches[edit]

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

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

See also[edit]

References[edit]

  1. ^ Nalubega, Flavia (8 June 2012). "New banks kick off operations amid market volatilities". Daily Monitor. Retrieved 14 August 2015. 
  2. ^ "List of Licensed Commercial Banks In Uganda At December 2012" (PDF). Bank of Uganda. Retrieved 4 May 2014. 
  3. ^ Kyokunzire, Edna (13 August 2015). "NC Bank gets Shs10b fund to improve competitiveness". Daily Monitor. Kampala. Retrieved 14 August 2015. 
  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 14 August 2015. 

External links[edit]