Stanbic Bank Uganda Limited
|Traded as||Uganda Securities Exchange: SBU|
managing director and chief executive officer
|Products||Loans, savings, investments, debit cards, credit cards, mortgages|
|Revenue||Aftertax UGX:150.8 billion (2015)|
|Total assets||UGX:4.5 trillion (US$1.3 billion) (June 2016)|
Number of employees
SBU is the largest commercial bank in the country, by assets. As of 31 December 2015, its total assets were approximately UGX:3.729 trillion and its shareholders' equity was approximately UGX:544.8 billion. As of 30 June 2016, the bank's total assets were UGX:4.5 billion (US$1.3 billion).
SBU is listed on the Uganda Securities Exchange (USE), where it trades under the symbol SBU. It offers a range of banking products including Internet banking, mobile money, SME lending, and debit and credit cards, among other products. SBU is a subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited.
The bank was founded in Uganda as the National Bank of India in 1906. After several name changes, it became Grindlays Bank. In 1991, Standard Bank bought the Grindlays Bank network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited.
In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches. The new owners merged their new acquisition with their existing Stanbic Bank (Uganda) Limited to form Uganda's largest commercial bank by assets and branch network. In November 2005, the government of Uganda divested its ownership in Stanbic Bank (Uganda) by listing its shares on the USE. Standard Bank also floated 10 percent of its shareholding at the same time, reducing their ownership to 80 percent.
|Rank||Name of owner||Percentage ownership|
|1||Stanbic Africa Holdings Limited||80.00|
|2||National Social Security Fund (Uganda)||2.05|
|3||Duet Africa Opportunities Master Fund||0.91|
|4||BBH-Genesis Emerging Markets Opportunities Fund||0.83|
|6||Central Bank of Kenya Pension Fund||0.45|
|7||Duet Gamla LIV Africa Opportunities Fund||0.43|
|8||Ibrahim Kironde Kabanda||0.40|
|9||SCB Mauritius Re Africa Opportunity Fund||0.38|
|10||Pohjola Bank Plc||0.37|
As of November 2016, SBU had a branch network of over 100 branches in all four regions of the country. Its network was the largest of all commercial banks in Uganda. At that time, it maintained 193 networked automated teller machines. Listed below were some of the branches of the bank:
- Abim Branch – Abim
- Adjumani Branch – Adjumani
- Apac Branch – Apac
- Aponye Mall Branch - Aponye Mall, Kampala
- Arua Branch – Arua
- Buliisa Branch – Buliisa
- Bundibugyo Branch Bundibugyo
- Busia Branch – Busia
- Bwamiramira Branch - Bwamiramira
- Bwera Branch - Bwera
- City Branch - Crested Towers, Kampala Main Branch
- Dokolo Branch - Dokolo
- Entebbe Airport Branch - Entebbe International Airport
- Entebbe Main Branch - Entebbe
- Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala
- Fort Portal Branch – Fort Portal
- Garden City Branch - Garden City Mall, Kampala
- Gulu Branch – Gulu
- Hoima Branch - Hoima
- Ibanda Branch - Ibanda
- Iganga Branch - Iganga
- Inland Revenue Branch - Kampala
- IPS Building Branch - Kampala
- Isingiro Branch - Isingiro
- Ishaka Branch - Ishaka
- Jinja Branch - Jinja
- Kaabong Branch - Kaabong
- Kalangala Branch - Kalangala
- Kabale Branch - Kabale
- Kabwohe Branch - Kabwohe
- Kagadi Branch - Kagadi
- Kakira Branch - Kakira
- Kamuli Branch - Kamuli
- Kapchorwa Branch - Kapchorwa
- Kasese Branch - Kasese
- Katakwi Branch - Katakwi
- Kayunga Branch - Kayunga
- Kiboga Branch - Kiboga
- Kigumba Branch - Kigumba
- Kihihi Branch - Kihihi
- Kinyara Branch - Kinyara
- Kireka Branch - Kireka
- Kisoro Branch - Kisoro
- Kitgum Branch - Kitgum
- Koboko Branch - Koboko
- Kotido Branch - Kotido
- Kumi Branch - Kumi
- Kyambogo Branch - Kyambogo
- Kyenjojo Branch - Kyenjojo
- Kyotera Branch - Kyotera
- Lira Branch - Lira
- Lugazi Branch - Lugazi
- Lugogo Branch - Lugogo Mall, Kampala
- Luweero Branch - Luweero
- Lyantonde Branch - Lyantonde
- Magoba Branch - Nakivubo, Kampala
- Malaba Branch - Malaba
- Makerere University Branch - Makerere University
- Masaka Branch - Masaka
- Masindi Branch - Masindi
- Mayuge Branch - Mayuge
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
- Mityana Branch - Mityana
- Moroto Branch - Moroto
- Moyo Branch - Moyo
- Mpigi Branch - Mpigi
- Mubende Branch - Mubende
- Mukono Branch - Mukono
- Mulago Branch - Mulago
- Mutukula Branch - Mutukula
- Nakasero Branch - Nakasero Road, Kampala
- Nakawa Branch - Nakawa
- Nakivubo Branch - Nakivubo, Kampala
- Nateete Branch - Nateete, Kampala
- Nebbi Branch - Nebbi
- Ntagule Plaza Branch - Ben Kiwanuka Street, Kampala
- Ntinda Branch - Ntinda
- Ntungamo Branch - Ntungamo
- Oyam Branch - Oyam
- Pader Branch - Pader
- Pallisa Branch - Pallisa
- Pakwach Branch - Pakwach
- Rukungiri Branch - Rukungiri
- Rushere Branch - Rushere
- Sembabule Branch - Sembabule
- Soroti Branch - Soroti
- Sironko Branch - Sironko
- Tororo Branch - Tororo
- Wandegeya Branch - Wandegeya
- William Street Branch - William Street, Kampala
- Wobulenzi Branch - Wobulenzi
- Yumbe Branch - Yumbe
- Standard Bank of South Africa
- Banking in Uganda
- Economy of Uganda
- List of banks in Uganda
- List of tallest buildings in Kampala
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- Tumusiime, Abdulaziizi (8 January 2015). "Stanbic Gets Ugandan Boss". Daily Monitor. Kampala. Retrieved 8 January 2015.
- SBUL (9 November 2016). "Stanbic Bank Uganda: Branch Locator". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 9 November 2016.
- Anthony Wesaka, Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016.
- Mugerwa, Francis (9 November 2016). "Uganda: Bank to Offer Oil Financing". Daily Monitor via AllAfrica.com. Kampala. Retrieved 9 November 2016.
- Mugasha, Chris (3 April 2016). "Stanbic Bank closes Bushenyi branch". New Vision. Kampala. Retrieved 3 April 2016.