Bank of Baroda Uganda Limited

Last updated

Bank of Baroda Uganda Limited
Company type Public: USE: BOBU
IndustryBanking, capital markets, finance
Founded1953;71 years ago (1953)
Headquarters18 Kampala Road
Kampala, Uganda
Key people
Vastina Rukimirana Nsanze
Chairperson
Shashi Dhar
CEO and Managing Director
ProductsLoans, credit cards, savings, investments
RevenueIncrease2.svgAftertax: USh 115,966,074,000/= (US$30,875,300) (2023) [1]
Total assets USh 2,804,828,346,000/= (US$746,769,400) (2023) [1]
Owner Bank of Baroda (80%)
Number of employees
188 (2011)
Website Homepage

The Bank of Baroda Uganda Limited (BOBU), is a commercial bank in Uganda that is majority owned by the Indian government owned banking and financial service conglomerate Bank of Baroda. BOBU is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator. [2]

Contents

Overview

BOBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BOBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BOBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2023, the bank had total assets of USh2,804,828,346,000/= (approx. US$746,769,400), with shareholders' equity of USh708,851,014,000/= (approx. US$188,728,000). [1]

History

BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BOBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, BOBU was incorporated in Uganda. In 1972, BOBU acquired the banking business of the Bank of India Uganda Limited, and the government of Uganda acquired a 49 percent shareholding in BOBU, leaving BoB with a 51 percent shareholding. In 1999, the government divested its 49 percent shareholding, returning full ownership of BOBU to BoB. [3] In November 2002, BOBU offered 20 percent of its shares to institutional and private investors on the Uganda Securities Exchange (USE) through an initial public offering. [4] [5]

Subsidiaries

BOBU owns all of Baroda Capital Markets (Uganda) Limited, which was established in 1993. The subsidiary is a broker/dealer in capital markets and is licensed by Uganda's Capital Markets Authority (CMA). The Baroda brokerage is a member of the CMA Governing Council. [1]

Ownership

The following table shows the ten largest shareholders of BBU stock, as of 31 December 2022. [6]

Bank of Baroda Uganda Stock Ownership
RankName of OwnerPer centage Ownership
1 Bank of Baroda of India 80.00
2 Sudhir Ruparelia 2.50
3 DFCU Bank Limited 2.36
4 National Social Security Fund (Uganda) 2.10
5King Ceasor Augustus Mulenga1.82
6 Charles Michael Mbire 0.94
7Jesseph Mbyambara Byamugisha0.63
8Andrew Muhimbise0.56
9 Bank of Uganda Employee Benefits Scheme 0.40
10Jobanputra Mandakini Kishor0.40
11Others8.20
Total100.0

Branch network

As of December 2023, BOBU had a branch network in all parts of Uganda, including: [1]

  1. Head Office - 18 Kampala Road, Kampala (Main Branch)
  2. Arua Branch - KKT Plaza, 6-22 Duka Road, Arua
  3. Railway Station Branch - Esso Corner, 6 Jinja Road, Kampala
  4. Industrial Area Branch - 37–43 Mulwana Road, Kampala [7]
  5. Kololo Branch - 31 Kira Road, Kololo, Kampala
  6. Kansanga Branch - 70/378 Kampala–Ggaba Road, Kansanga, Kampala
  7. Ovino Market Branch - 24–28 Rashid Khamis Road, Old Kampala, Kampala
  8. Kawempe Branch - Shree Hari Complex, 35/36 Kawempe-Bombo Road, Kawempe
  9. Entebbe Branch - 24 Gower's Road, Entebbe
  10. Mukono Branch - 59-67 Kampala-Jinja Road, Mukono
  11. Jinja Branch - 16 a&b Iganga Road, Jinja
  12. Lugazi Branch - SCOUL Secondary School Premises, Jinja Road, Lugazi
  13. Iganga Branch - 84A & 84B Main Street, Iganga
  14. Mbale Branch - Baroda House, 3 Pallisa Road, Mbale
  15. Mbarara Branch - 11 Masaka Road, Mbarara
  16. Kabale Branch - 94 Kabale Road, Kabale
  17. Lira Branch - 2 Aputi Road, Lira, Uganda.

See also

Related Research Articles

<span class="mw-page-title-main">Bank of Uganda</span> Central bank of Uganda

The Bank of Uganda is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department.

Articles related to Uganda include:

Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.

<span class="mw-page-title-main">I&M Bank Uganda</span> Ugandan commercial bank

I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank (Uganda) Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda (BOU), the central bank and national banking regulator.

<span class="mw-page-title-main">Stanbic Bank Uganda Limited</span> Commercial bank in Uganda

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

DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator.

Bank of Africa Uganda Limited, also known as BOA Uganda (BOAU), is one of the commercial banks in Uganda that have been licensed by the Bank of Uganda, the country's central bank and national banking regulator.

<span class="mw-page-title-main">National Social Security Fund (Uganda)</span> Quasi-government agency

The National Social Security Fund (NSSF), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with total assets of USh18.58 trillion, as of June 2023.

PostBank Uganda is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank received her tier-1 banking license in December 2021.

<span class="mw-page-title-main">Absa Bank Uganda Limited</span> Commercial bank in Uganda

Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019. 

KCB Bank Uganda Limited, also KCB Bank Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.

United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. UBA Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria, with a presence in twenty African countries, the United Kingdom, France, and the United States. The stock of UBA Transnational trades on the Nigeria Stock Exchange under the symbol UBA.

Pride Microfinance Limited (PMFL), is a microfinance deposit-taking institution (MDI) in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.

Finance Trust Bank (FTB), commonly called Finance Trust, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.

Opportunity Bank Uganda Limited (OBUL), is a Tier II credit institution in Uganda. It was previously registered as a commercial bank by the Bank of Uganda, the central bank and national banking regulator. The institution received a commercial banking license on 25 September 2019.

FINCA Uganda Limited, also known as FINCA Uganda, is a microfinance deposit-accepting institution (MDI) in Uganda. It is licensed and regulated by the Bank of Uganda, the central bank and national banking regulator.

Statewide Insurance Company (SWICO), is a Ugandan insurance company. The company is a leading provider of insurance and risk management services in Uganda.

Letshego Microfinance Uganda,, whose official name is Letshego Uganda Limited, is a Tier IV microfinance institution in Uganda.

References

  1. 1 2 3 4 5 Bank of Baroda Uganda (24 April 2024). "Bank of Baroda Uganda: Financial Statement for the Year Ending 31 December 2023". Bank of Baroda Uganda (BOBU). Kampala, Uganda. Retrieved 13 May 2024.
  2. ↑ Bank of Uganda (31 March 2023). "List of Licensed Banks As At 31 March 2023". Bank of Uganda . Kampala, Uganda. Retrieved 13 May 2024.
  3. ↑ Bank of Baroda Uganda (29 January 2018). "History of Bank of Baroda Uganda". Bank of Baroda Uganda. Kampala, Uganda. Retrieved 29 January 2018.
  4. ↑ USE (29 January 2018). "Profile of Bank of Baroda Uganda (BBU) At Uganda Securities Exchange Website". Uganda Securities Exchange (USE). Kampala, Uganda. Retrieved 29 January 2018.
  5. ↑ Stephen Ilungole (2 September 2002). "Baroda Sells Shares". New Vision . Kampala, Uganda. Retrieved 13 May 2024.
  6. ↑ Bank of Baroda Uganda (20 April 2023). "Bank of Baroda Annual Report for the Year Ending 31 December 2022" (PDF). Bank of Baroda Uganda. Kampala, Uganda. Retrieved 3 June 2024.
  7. ↑ Sanya, Wilfred (1 November 2012). "Baroda Goes to Industrial Area". New Vision via AllAfrica.com. Archived from the original on 2 May 2014. Retrieved 1 May 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.