KCB Bank Uganda Limited

Last updated

KCB Bank Uganda Limited
TypeSubsidiary of Kenya Commercial Bank Group
USE :KCB
NSE :KCB
IndustryBanking
Founded2007;15 years ago (2007)
HeadquartersCommercial Plaza
Kampala Road
Kampala, Uganda
Key people
Constant Othieno Mayende
Chairman [1]
Edgar Byamah
CEO
Agnes Namyalo
Executive Director [2]
ProductsLoans, credit cards, savings, investments, mortgages
RevenueIncrease2.svg Aftertax: KES:377 million (US$3.54 million) (2018) [3]
Total assets KES:18.77 billion (US$176 million) (2018) [3]
Number of employees
420 (2015)
Website ug.kcbgroup.com

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. [4]

Contents

Location

Te headquarters of KCB Bank Uganda are located at Commercial Plaza Complex, 7 Kampala Road, in the central business district of Kampala, Uganda's capital city. [5] The geographical coordinates of the bank's headquarters are: 0°18'46.0"N, 32°35'12.0"E (Latitude:0.312778; Longitude:32.586667). [6]

Overview

KCB Bank Uganda focuses on meeting the banking needs of individuals, corporate entities and small to medium enterprises. As of 31 December 2018, KCB Uganda had assets of KES:18.77 billion (US$176 million). [3]

Kenya Commercial Bank Group

Kenya Commercial Bank Uganda is a wholly owned subsidiary of the KCB Group, a financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, South Sudan, Burundi and Uganda, with a representative office in Ethiopia. [3] [7] The shares of stock of KCB Group are listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange under the symbol: KCB [8] As of 30 June 2019, KCB Group had total assets of KES:746.51 billion (US$7.46 billion). [9]

History

In November 2007, the first branch of KCB Bank Uganda opened in Kampala, Uganda's capital city, following licensing by the Bank of Uganda. Since then, the bank has opened fifteen more branches in the country. In November 2017, the bank marked 10 years of presence in the country. At that time, KCB had sixteen branches, eight of them in Kampala and eight others in major cities and towns around Uganda. [10]

Branch network

As of July 2020, KCB Uganda had sixteen branches in all the regions of Uganda, including at the following locations. [11]

  1. Arua Branch - Arua
  2. Gulu Branch - Gulu
  3. Lira Branch - Lira
  4. Fort Portal Branch - Fort Portal
  5. Jinja Branch - Jinja
  6. Hoima Branch - Hoima [12]
  7. Kampala Road Branch — Kampala Road, Kampala Main Branch [13]
  8. Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala [14]
  9. Luwum Street Branch — Luwum Street, Kampala
  10. Sixth Street Branch — Sixth Street, Industrial Area, Kampala
  11. Oasis Mall Branch — Oasis Mall, Kampala Central Division, Kampala
  12. Ndeeba Branch - Ndeeba, Kampala [15]
  13. Mbale Branch - Mbale [16]
  14. Mbarara Branch - High Street, Mbarara [17]
  15. Kikuubo Branch - Kikuubo - Kampala
  16. Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala [18]

Governance

As of May 2021, the chairman of the board of directors is Constant Othieno Mayende. [1] The managing director is Edgar Byamah. [19]

See also

Related Research Articles

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.

Tropical Bank is a commercial bank in Uganda. It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator.

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.

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

The Bank of Baroda Uganda Limited, also known as the Bank of Baroda Uganda (BBU), is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda. It is one of the commercial banks licensed by the Bank of Uganda, the national banking regulator.

Ecobank Uganda Commercial bank in Uganda

Ecobank Uganda is a bank in Uganda that operates as a commercial bank under a license granted by the Bank of Uganda, the central bank and national banking regulator.

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 assets of USh15.5 trillion, as of June 2021.

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.

Absa Bank Uganda Limited 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. 

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.

Opportunity Bank Uganda Limited (OBUL), is a commercial bank in Uganda. It received a commercial banking licence from the Bank of Uganda on 25 September 2019.

Standard Chartered Uganda Commercial bank in Uganda

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.

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.

Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda (BOU), the central bank and national banking regulator. EBU is a member of the Exim Bank Group, a large financial services conglomerate with subsidiaries in Tanzania, Comoros, Uganda and Djibouti. The group also maintains a representative office in Ethiopia.

Statewide Insurance Company Limited, commonly referred to as Statewide Insurance Company (SWICO), is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in the country.

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

References

  1. 1 2 The Independent (29 April 2021). "Uganda: Othieno Mayende Is New Chairman of KCB Bank Uganda" (via AllAfrica.com). The Independent (Uganda) . Kampala. Retrieved 2 May 2021.
  2. ↑ KCB Uganda (21 March 2021). "About Us: Our Leaders: Board of Directors: Agnes Mayanja Namyalo, Executive Director". Kampala, Uganda: KCB Bank Uganda Limited. Retrieved 21 March 2021.
  3. 1 2 3 4 African Financials (31 December 2018). "KCB Group 2018 Annual Report: KCB Bank Uganda". Africanfinancials.com. Retrieved 21 July 2020.
  4. ↑ Bank of Uganda (30 June 2020). "List of licensed Commercial Banks as at 30 June 2020" (PDF). Kampala: Bank of Uganda . Retrieved 21 July 2020.
  5. ↑ KCB Bank Uganda (21 July 2020). "KCB Bank Uganda: Contact Details". Kampala: KCB Bank Uganda Limited. Retrieved 21 July 2020.
  6. ↑ Google (21 July 2020). "Location of headquarters of Kenya Commercial Bank Uganda Limited" (Map). Google Maps . Google. Retrieved 21 July 2020.
  7. ↑ Nicholas Waitathu (1 May 2014). "KCB Group first quarter profit jumps 31pc". The Standard (Kenya) . Nairobi. Retrieved 21 July 2020.
  8. ↑ The Independent (29 November 2008). "Cross-listed KCB banks on electronic trading". The Independent (Uganda) . Kampala. Retrieved 21 July 2020.
  9. ↑ James Anyanzwa (16 September 2019). "Equity, KCB buyouts: The making of $15b region's banking giants". The EastAfrican . Nairobi. Retrieved 21 July 2020.
  10. ↑ Nicholas Oneal (15 November 2017). "KCB Marks 10 Years In Uganda". New Vision . Kampala. Retrieved 21 July 2020.
  11. ↑ KCB Bank Uganda (21 July 2020). "KCB Bank Uganda: Branch Locator". Kampala: Kenya Commercial Bank Uganda Limited. Retrieved 21 July 2020.
  12. ↑ The World Trade Review (April 2009). "KCB New Branch Drive Boosts Regional Trade". The World Trade Review. Archived from the original (Archived from the original on 4 December 2014) on 4 December 2014. Retrieved 21 July 2020.
  13. ↑ Mbatau wa Ngai (15 June 2008). "KCB Group In Rapid Growth". Daily Monitor . Kampala. Retrieved 21 July 2020.
  14. ↑ Wambui Oyulu (20 January 2009). "KCB Ben Kiwanuka Opens". New Vision . Kamala. Retrieved 21 July 2020.
  15. ↑ Muhumuza, Mark (18 October 2010). "Kenya: Nation Bank Targets Small Regional Businesses". East African Business Week . Kampala. Retrieved 20 April 2016.
  16. ↑ Karanja, Michael (25 November 2009). "Kenya Commercial Bank Expands In Uganda". Nairobi: 98.4 Capital FM . Retrieved 27 November 2014.
  17. ↑ Bifubyeka, Ebenezer (17 June 2008). "KCB Opens Mbarara Branch". New Vision (Kampala). Archived from the original on 5 December 2014. Retrieved 27 November 2014.
  18. ↑ Ladu, Ismail Musa (26 November 2014). "Bank of Uganda Mulls Agency Banking As It Moves Services Closer To The Public". Daily Monitor . Kampala. Retrieved 27 November 2014.
  19. ↑ KCB Group (2 May 2021). "KCB Bank Uganda Limited: Our Leaders: Board of Directors". Nairobi: Kenya Commercial Bank Group Limited . Retrieved 2 May 2021.
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.