Standard Chartered Uganda

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Standard Chartered Bank (Uganda)
Private
Industry Financial Services
Founded 1912
Headquarters 5 Speke Road, Kampala, Uganda
Key people
Robin Kibuuka PhD[1]
Chairman
Herman Kasekende
Managing Director[2]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase Aftertax: US$41.04 million (UGX:114 billion) (2014)[3]
Total assets US$936 million (UGX:2.6 trillion) (2014)[3]
Number of employees
568 (2014)[4]
Website www.sc.com/ug

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[edit]

Stanchart Uganda is a large bank, serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2014, it was the second largest commercial bank in Uganda by assets, with an estimated asset base of US$936 million (UGX:2.6 trillion),[3] behind Stanbic Bank. As of December 2012, shareholders' equity stood at approximately US$142.5 million (UGX:372 billion).[6] As of June 2013, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[7]

History[edit]

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 former Uganda Cooperative Bank.

As of November 2013, Stanchart Uganda had a network of 13 branches amd 32 automated teller machines and employed over 600 people.[8]

Ownership[edit]

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.[9]

Branch network[edit]

As of June 2014, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[10]

  1. Acacia Branch - Acacia Shopping Mall, Kololo, Kampala[11]
  2. City Branch - 9 William Street, Kampala
  3. Freedom City Branch - Freedom City Mall, 4010 Entebbe Road, Namasuba
  4. Garden City Branch - Garden City Shopping Mall, 64 - 84 Yusuf Lule Road, Kampala
  5. Gulu Branch - 3 Andrea Ola Road, Gulu
  6. Jinja Branch - 2-4 Grant Road, Jinja
  7. Kikuubo Branch - Kikuubo Lane, Kampala
  8. Lugogo Branch - Forest Mall, 2-8 Lugogo Bypass Road, Kampala
  9. Mbale Branch - 37 Republic Street, Mbale
  10. Mbarara Branch - 24 High Street, Mbarara
  11. Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala (Specializes in mortgage products)
  12. Naalya Branch - Shop #83, Metroplex Mall, 103 Kampala Northern Bypass, Naalya
  13. Ndeeba Branch - 1156 Masterwood Plaza, Ndeeba
  14. Speke Road Branch - 5 Speke Road, Kampala Head Office

Governance[edit]

The chairman of the board of directors is Robin Kibuuka.[1] The managing director is Herman Kasekende, a native of Uganda, who has been serving as the regional head of small and medium enterprises products and solutions at Standard Chartered Group's regional headquarters in Nairobi, Kenya.[12]

See also[edit]

References[edit]

  1. ^ a b Businge, Julius (28 March 2013). "Uganda: Standard Chartered Bank Uganda Appoints New Board Chairman". The Independent (Uganda) via AllAfrica.com. Retrieved 2 May 2014. 
  2. ^ Businge, Julius (18 August 2012). "Uganda: Executive Style - Leaving At a Good Time". The Independent (Uganda) via AllAfria.com. Retrieved 2 May 2014. 
  3. ^ a b c Mwesigwa, Alon (6 May 2015). "Ugandan Banks Shine As Kenya's See Profits Drop". The Observer (Uganda) via AllAfrica.com. Retrieved 8 May 2015. 
  4. ^ "Number of Employees In 2014". Standard Chartered Uganda. Retrieved 22 January 2015. 
  5. ^ "List of Licensed Commercial Banks In Uganda" (PDF). Bank of Uganda. Retrieved 2 May 2014. 
  6. ^ Businge, Julius (10 May 2013). "Bad Year For Banks". The Independent (Kampala). Retrieved 11 August 2014. 
  7. ^ Onyango, Emma (19 January 2014). "Mixed Bag of Banking Stars". East African Business Week (Kampala). Retrieved 2 May 2014. 
  8. ^ "History of Stanchart Uganda". Standard Chartered Uganda. Retrieved 2 May 2014. 
  9. ^ "Homepage of Standard Chartered Bank Group". Standard Chartered Bank. Retrieved 2 May 2014. 
  10. ^ "Branch Network of Standard Chartered Uganda". Standard Chartered Uganda. Retrieved 2 May 2014. 
  11. ^ Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile Optimistic About Economic Growth". New Vision. Retrieved 30 June 2014. 
  12. ^ Vision, Reporter (29 July 2012). "Manjang Leaves Stanchart Uganda For Oman Duty". New Vision. Retrieved 2 May 2014. 

External links[edit]