Standard Chartered Uganda

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Standard Chartered Bank Uganda Limited
Private
Industry Financial services
Founded 1912
Headquarters 5 Speke Road, Kampala, Uganda
Key people
Robin Kibuuka[1]
Chairman
Albert Saltson
CEO[2]
Products Loans, checking, savings, investments, debit cards
Revenue Increase Aftertax: UGX:28 billion (2015)[3]
Total assets UGX:2.68 trillion (2015)[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 2015, it was the second largest commercial bank in Uganda by assets, with an estimated asset base of UGX:2.68 trillion,[3] behind Stanbic Bank. As of December 2012, shareholders' equity stood at 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 the former Uganda Cooperative Bank. As of November 2013, Stanchart Uganda had 13 branches and 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 October 2017, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[2][10][11][12]

  1. Acacia Branch - Acacia Shopping Mall, Kololo, Kampala[13]
  2. City Branch - 9 William Street, Kampala
  3. Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
  4. Garden City Branch - Garden City Shopping Mall, 64 - 84 Yusuf Lule Road, Kampala
  5. Jinja Branch - 2-4 Grant Road, Jinja
  6. Kikuubo Branch - Kikuubo Lane, Kampala
  7. Lugogo Branch - Forest Mall, 2-8 Lugogo Bypass Road, Kampala
  8. Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala (Specializes in mortgage products)
  9. Speke Road Branch - 5 Speke Road, Kampala Head Office
  10. Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala

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.[14]

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 9 February 2016. 
  2. ^ a b Kamukama, Eronie (19 October 2017). "Banking industry sees bright future as year closes". Daily Monitor. Kampala. Retrieved 19 October 2017. 
  3. ^ a b c Muhumuza, Mark Keith (29 April 2016). "Stanchat net profit drops by Shs86 billion". Daily Monitor. Kampala. Retrieved 29 April 2016. 
  4. ^ "Number of Employees In 2014". Standard Chartered Uganda. Retrieved 22 January 2015. 
  5. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015. 
  6. ^ Businge, Julius (10 May 2013). "Bad year for banks". The Independent (Kampala). Retrieved 9 February 2016. 
  7. ^ Onyango, Emma (19 January 2014). "Mixed bag of banking stars". East African Business Week (Kampala). Retrieved 9 February 2016. 
  8. ^ "About Us: Overview". Standard Chartered Uganda. Retrieved 9 February 2016. 
  9. ^ SCB (16 November 2016). "Standard Chartered Bank: Our Business". London: Standard Chartered Bank (SCB). Retrieved 16 November 2016. 
  10. ^ SCBUG (19 October 2017). "Standard Chartered Bank Uganda: ATMs and Branches". Standard Chartered Uganda (SCBUG). Retrieved 19 October 2017. 
  11. ^ Rupiny, David (31 May 2015). "Standard Chartered Bank Closing its Mbale branch". Kampala: Uganda Radio Network. Retrieved 19 October 2017. 
  12. ^ TUGn (19 October 2017). "Standard Chartered Bank closes Mbarara and Gulu branches". Kampala: The Ugandan (TUGn). Retrieved 19 October 2017. 
  13. ^ Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile optimistic about economic growth". New Vision. Retrieved 9 February 2016. 
  14. ^ Vision, Reporter (29 July 2012). "Manjang leaves STANCHAT for Oman duty". New Vision. Retrieved 9 February 2016. 

External links[edit]