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Standard Chartered Uganda

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Standard Chartered Bank Uganda Limited
Company typePrivate
IndustryFinancial services
FoundedAugust 1, 1912; 112 years ago (1912-08-01)
Headquarters5 Speke Road, Kampala, Uganda
Key people
Maria Kiwanuka[1]
Chairperson
Sanjay Rughani
CEO[1]
ProductsLoans, checking, savings, investments, debit cards
RevenueIncrease Aftertax: USh72 billion (US$20.3 million) (2020)[2]
Total assetsUSh3.8 trillion (US$1.072 billion) (2020)[3]
Number of employees
600+ (2018)[4]
ParentStandard Chartered
Websitewww.sc.com/ug
Picture at note in standard chartered bank
Picture at note in standard chartered bank

Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.[5]

Overview

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Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020, it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of UGX:937 billion (US$264 million),[3] behind Stanbic Bank Uganda and Centenary Bank.[6] As of June 2013, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[7]

History

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Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding. In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of May 2018, Stanchart Uganda had 9 branches and 29 automated teller machines and employed over 600 people.[4]

Ownership

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Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom.[3]

Branch network

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As of May 2018, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[8][9][10]

  1. Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
  2. Acacia Branch: Acacia Shopping Mall, Kololo, Kampala[11]
  3. City Branch - 9 William Street, Kampala
  4. Jinja Branch - 2-4 Grant Road, Jinja
  5. Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
  6. Garden City Branch - Garden City Shopping Mall, 64-84 Yusuf Lule Road, Kampala
  7. Speke Road Branch - 5 Speke Road, Kampala Head Office
  8. Kikuubo Branch - Kikuubo Lane, Kampala
  9. Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala

Governance

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As of July 2024, the chairperson of the board of directors is Maria Kiwanuka, a former minister of finance in Uganda's cabinet. The managing director is Sanjay Rughani.[1]

Other considerations

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As of July 2024, Stanchart Uganda was contemplating financing (a) the Uganda government's take-over of Umeme in March 2025 (b) the construction of several high voltage transmission lines and (c) the construction of several "oil roads".[1]

See also

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References

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  1. ^ a b c d SoftPower (26 July 2024). "Standard Chartered Bank To Finance Oil Roads And Transmission Lines". SoftPower Uganda. Kampala, Uganda. Retrieved 27 July 2024.
  2. ^ The independent (11 May 2021). "Standard Chartered Bank 2020 net profit down 42%". The Independent (Uganda). Kampala. Retrieved 25 May 2021.
  3. ^ a b c Salim Kalanzi (5 May 2021). "Standard Chartered Bank Assets Grow By 21%". Kampala: Bankers Journal Uganda. Retrieved 25 May 2021.
  4. ^ a b Stanchart Uganda (3 May 2018). "Number of Employees In 2018". Standard Chartered Uganda. Kampala, Uganda. Retrieved 3 May 2018.
  5. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
  6. ^ Muhereza Kyamutetera (4 May 2020). "Absa Bank Uganda's Assets Reach UGX3.4 Trillion, Moves From Fifth To Third Largest Bank, By Assets". Kampala: CEO Magazine Online. Retrieved 5 May 2020.
  7. ^ Emma Onyango (19 January 2014). "Mixed bag of banking stars". East African Business Week. Kampala. Retrieved 9 February 2016.
  8. ^ SCBUG (3 May 2018). "Standard Chartered Bank Uganda: ATMs and Branches". Kampala: Standard Chartered Uganda (SCBUG). Retrieved 3 May 2018.
  9. ^ Rupiny, David (31 May 2015). "Standard Chartered Bank Closing its Mbale branch". Kampala: Uganda Radio Network. Retrieved 19 October 2017.
  10. ^ TUGn (19 October 2017). "Standard Chartered Bank closes Mbarara and Gulu branches". Kampala: The Ugandan (TUGn). Retrieved 19 October 2017.
  11. ^ Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile optimistic about economic growth". Kampala: New Vision. Retrieved 9 February 2016.
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