Company type | Private |
---|---|
Industry | Financial services |
Founded | August 1, 1912 |
Headquarters | 5 Speke Road, Kampala, Uganda |
Key people | Maria Kiwanuka [1] Chairperson Sanjay Rughani CEO [1] |
Products | Loans, checking, savings, investments, debit cards |
Revenue | ![]() |
Total assets | USh3.8 trillion (US$1.072 billion) (2020) [3] |
Number of employees | 600+ (2018) [4] |
Parent | Standard Chartered |
Website | www |
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]
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020 [update] , 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 [update] , Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country. [7]
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]
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]
As of May 2018 [update] , the bank had a network of interconnected branches at the following locations, arranged alphabetically: [8] [9] [10]
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]
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]
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