Stanbic Bank Uganda Limited

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Stanbic Bank Uganda Limited
Public
Traded as Uganda Securities Exchange: SBU
Industry Financial services
Founded 1906
Headquarters Kampala, Uganda
Key people
Patrick Mweheire[1]
managing director and chief executive officer
Products Loans, savings, investments, debit cards, credit cards, mortgages
Revenue Increase Aftertax UGX:150.8 billion (2015)[2]
Total assets UGX:4.5 trillion (US$1.3 billion) (June 2016)[3]
Number of employees
1,899 (2015)[4]
Website www.stanbicbank.co.ug

Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator.[5]

Overview[edit]

SBU is the largest commercial bank in the country, by assets.[3][6][7][8][9] As of 31 December 2015, its total assets were approximately UGX:3.729 trillion and its shareholders' equity was approximately UGX:544.8 billion.[10] As of 30 June 2016, the bank's total assets were UGX:4.5 billion (US$1.3 billion).[3]

Group[edit]

SBU is listed on the Uganda Securities Exchange (USE), where it trades under the symbol SBU.[11] 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.[12]

History[edit]

The bank was founded in Uganda as the National Bank of India in 1906.[13] 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.[12][14]

Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997.[12][14]

In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches.[15] 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.[12] 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.[14][16]

Ownership[edit]

As of December 2015, the ownership of SBU shares was as depicted in the table below:[4]

Stanbic Bank Uganda Limited Stock Ownership
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
5 Sudhir Ruparelia 0.65
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
11 Others 13.53
Total 100.0

Governance[edit]

Japheth Katto is chairman of the board. Patrick Mweheire is the managing director.[17]

Branch network[edit]

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:[18]

  1. Abim Branch – Abim
  2. Adjumani Branch – Adjumani
  3. Apac Branch – Apac
  4. Aponye Mall Branch - Aponye Mall, Kampala[19]
  5. Arua Branch – Arua
  6. Buliisa Branch – Buliisa
  7. Bundibugyo Branch Bundibugyo
  8. Busia Branch – Busia
  9. Bwamiramira Branch - Bwamiramira
  10. Bwera Branch - Bwera
  11. City Branch - Crested Towers, Kampala Main Branch
  12. Dokolo Branch - Dokolo
  13. Entebbe Airport Branch - Entebbe International Airport
  14. Entebbe Main Branch - Entebbe
  15. Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala
  16. Fort Portal Branch – Fort Portal
  17. Garden City Branch - Garden City Mall, Kampala
  18. Gulu Branch – Gulu
  19. Hoima Branch - Hoima[20]
  20. Ibanda Branch - Ibanda
  21. Iganga Branch - Iganga
  22. Inland Revenue Branch - Kampala
  23. IPS Building Branch - Kampala
  24. Isingiro Branch - Isingiro
  25. Ishaka Branch - Ishaka[19][21]
  26. Jinja Branch - Jinja
  27. Kaabong Branch - Kaabong
  28. Kalangala Branch - Kalangala
  29. Kabale Branch - Kabale
  30. Kabwohe Branch - Kabwohe
  31. Kagadi Branch - Kagadi
  32. Kakira Branch - Kakira
  33. Kamuli Branch - Kamuli
  34. Kapchorwa Branch - Kapchorwa
  35. Kasese Branch - Kasese
  36. Katakwi Branch - Katakwi
  37. Kayunga Branch - Kayunga
  38. Kiboga Branch - Kiboga
  39. Kigumba Branch - Kigumba
  40. Kihihi Branch - Kihihi
  41. Kinyara Branch - Kinyara
  42. Kireka Branch - Kireka
  43. Kisoro Branch - Kisoro
  44. Kitgum Branch - Kitgum
  45. Koboko Branch - Koboko
  46. Kotido Branch - Kotido
  47. Kumi Branch - Kumi
  48. Kyambogo Branch - Kyambogo
  49. Kyenjojo Branch - Kyenjojo
  50. Kyotera Branch - Kyotera
  51. Lira Branch - Lira
  52. Lugazi Branch - Lugazi
  53. Lugogo Branch - Lugogo Mall, Kampala
  54. Luweero Branch - Luweero
  55. Lyantonde Branch - Lyantonde
  56. Magoba Branch - Nakivubo, Kampala
  57. Malaba Branch - Malaba
  58. Makerere University Branch - Makerere University
  59. Masaka Branch - Masaka
  60. Masindi Branch - Masindi
  61. Mayuge Branch - Mayuge
  62. Mbale Branch - Mbale
  63. Mbarara Branch - Mbarara
  64. Mityana Branch - Mityana
  65. Moroto Branch - Moroto
  66. Moyo Branch - Moyo
  67. Mpigi Branch - Mpigi
  68. Mubende Branch - Mubende
  69. Mukono Branch - Mukono
  70. Mulago Branch - Mulago
  71. Mutukula Branch - Mutukula
  72. Nakasero Branch - Nakasero Road, Kampala
  73. Nakawa Branch - Nakawa
  74. Nakivubo Branch - Nakivubo, Kampala
  75. Nateete Branch - Nateete, Kampala
  76. Nebbi Branch - Nebbi
  77. Ntagule Plaza Branch - Ben Kiwanuka Street, Kampala
  78. Ntinda Branch - Ntinda
  79. Ntungamo Branch - Ntungamo
  80. Oyam Branch - Oyam
  81. Pader Branch - Pader
  82. Pallisa Branch - Pallisa
  83. Pakwach Branch - Pakwach
  84. Rukungiri Branch - Rukungiri
  85. Rushere Branch - Rushere
  86. Sembabule Branch - Sembabule
  87. Soroti Branch - Soroti
  88. Sironko Branch - Sironko
  89. Tororo Branch - Tororo
  90. Wandegeya Branch - Wandegeya
  91. William Street Branch - William Street, Kampala
  92. Wobulenzi Branch - Wobulenzi
  93. Yumbe Branch - Yumbe

See also[edit]

References[edit]

  1. ^ Gachiri, John (6 January 2015). "Ugandan Finally Takes Over From Kenyan At Stanbic Uganda". Business Daily Africa (Nairobi). Retrieved 7 January 2015. 
  2. ^ Oketch, Martin Luther (18 April 2016), "Businesses to benefit more from Stanbic loans", Daily Monitor, Kampala, retrieved 18 April 2016 
  3. ^ a b c Busuulwa, Bernard (15 September 2016). "Stanbic Uganda raises $55 million for energy, telco lending". The EastAfrican. Nairobi. Retrieved 15 September 2016. 
  4. ^ a b SBUL (31 December 2015). "Stanbic Bank Uganda Limited Annual Report and Financial Statements for the year ended 31 December 2015" (PDF). Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 9 August 2016. 
  5. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 16 December 2015. 
  6. ^ Wesonga, Nelson (5 July 2016). "Stanbic, NC banks lower lending rates, each by a percentage point". Daily Monitor. Kampala. Retrieved 5 July 2016. 
  7. ^ TRC (13 October 2015). "Interview with Patrick Mweheire, CEO of Stanbic Bank Uganda". The Report Company (TRC). Retrieved 9 August 2016. 
  8. ^ Naibuzz (20 May 2016). "The 8 Biggest Banks In Uganda". Nairobi: Naibuzz.com. Retrieved 9 August 2016. 
  9. ^ Jonathan Adengo, and Anthony Wesaka (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 9 August 2016. 
  10. ^ Stanbic Bank Uganda (14 April 2016). "Stanbic Bank Uganda Limited: Summarised Audited Financial Statements for the year ended 31 December 2015" (PDF). Kampala: Stanbic Bank Uganda Limited. Retrieved 9 August 2016. 
  11. ^ USE (22 April 2016). "Uganda Securities Exchange: Listed Securities". Kampala: Uganda Securities Exchange (USE). Retrieved 22 April 2016. 
  12. ^ a b c d SBUL (22 April 2016). "Stanbic Bank Uganda Limited: Company Overview". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 22 April 2016. 
  13. ^ Lubega, Henry (1 March 2015). "The first bank in Uganda". Daily Monitor. Kampala. Retrieved 9 August 2016. 
  14. ^ a b c SBSA (22 April 2016). "Standard Bank of South Africa: Our history in Africa". Johannesburgh: Standard Bank of South Africa (SBSA). Archived from the original on 28 May 2008. Retrieved 22 April 2016. 
  15. ^ Business News (17 October 2001). "Uganda's largest bank for sale". BBC News. Retrieved 15 December 2016. 
  16. ^ Herbling, David (16 April 2014). "Stanbic Bank Uganda raises dividend despite net profit drop". Business Daily Africa. Nairobi. Retrieved 15 December 2016. 
  17. ^ Tumusiime, Abdulaziizi (8 January 2015). "Stanbic Gets Ugandan Boss". Daily Monitor. Kampala. Retrieved 8 January 2015. 
  18. ^ SBUL (9 November 2016). "Stanbic Bank Uganda: Branch Locator". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 9 November 2016. 
  19. ^ a b Anthony Wesaka, Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016. 
  20. ^ Mugerwa, Francis (9 November 2016). "Uganda: Bank to Offer Oil Financing". Daily Monitor via AllAfrica.com. Kampala. Retrieved 9 November 2016. 
  21. ^ Mugasha, Chris (3 April 2016). "Stanbic Bank closes Bushenyi branch". New Vision. Kampala. Retrieved 3 April 2016. 

External links[edit]