United Bank for Africa (Uganda)

Last updated
United Bank for Africa (Uganda)
Subsidiary of United Bank for Africa
Industry Financial services
Founded2008;12 years ago (2008)
HeadquartersPlot. 2, Jinja Road, Kampala, Uganda
Key people
 Maria Kiwanuka
Chairperson
Johnson Agoreyo
CEO [1]
ProductsInternet banking

Mobile banking Wholesale Banking Corporate banking Investment Banking Consumer Banking Money Transfer Debit Cards Collections Treasury Trade Savings Accounts

Current Accounts

Contents

RevenueIncrease2.svg After Tax: UGX:4.9 Billion (US$1.3 Million) (2018) [1]
Total assets UGX:449.2 billion (2019) [2]
Number of employees
150+ (2008)
Parent United Bank for Africa
Website www.ubauganda.com


United Bank for Africa (Uganda), wose complete name is United Bank for Africa Uganda Limited (UBA Uganda) is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. [3] UBA Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria and with a presence in twenty African countries and the United Kingdom, France, and the United States. The stock of UBA Transnational trades on thE Nigeria Stock Exchange under the symbol UBA. [4]

Location

The headquarters of UBA Uganda are located at Plot 2, Jinja Road, in the central business district of Kampala, the capital and largest city in Uganda. [5] The geographical coordinates of the bank's headquarters are:00°18'49.0"N, 32°35'17.0"E (Latitude:0.313611; Longitude:32.588056). [6]

Overview

UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of December 2019, UBA Uganda's total assets were UGX:449.2 billion (approx. US$120 million). [2] At that time, shareholders equity was approximately US$14 million. [7]

History

UBA Uganda commenced operations in May 2008, starting with the opening of the main branch on the Kampala-Jinja Highway in Kampala. The Nigeria-based parent company, United Bank for Africa, started operations in Uganda with a capital base of US$12 million. It was a greenfield start-up. [8]

Within the first six months, the bank established four branches within Kampala and its suburbs. During the following six months, UBA-Uganda added two upcountry branches, one in Jinja, about 80 kilometres (50 mi) east of Kampala, and the other in Mbale, a city located about 225 kilometres (140 mi), by road, north-east of the capital. [9]

Ownership

UBA Bank Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria and with a presence in twenty African countries and the United Kingdom, France, and the United States. [10] The table below illustrates the shareholding in the stock of UBA Bank Uganda, as of December 2019. [7]


United Bank for Africa (Uganda) Stock Ownership
RankName of OwnerPercentage Ownership
1 United Bank for Africa Plc 69.0
2Other investors31.0
Total100.0

Branch network

As of May 2018, UBA Uganda maintained branches at the following locations: [11]

  1. Jinja Road Branch: Plot. 2 Jinja Road, Kampala Main Branch
  2. Prestige Branch/Corporate Branch: Plot. 2 Jinja Road, Kampala
  3. William Street Branch: 17B William Street, Kampala
  4. Kansanga Branch: Plot. 5277, Block 244, Kansanga, Kampala
  5. Kikuubo Branch: Downtown, near Senana Supermarket, Kampala
  6. Makerere University Branch: Makerere University Campus, Kampala
  7. Bugema University Branch: Bugema University Campus, Bugema, Luweero District
  8. Jinja Branch: 5 Lady Alice Muloki Road, Jinja
  9. Mbale Branch: 1-3 Manafwa Road, Mbale
  10. Fort Portal Branch: 8 Ruhandika Street, Fort Portal
  11. Mbarara Branch: 94 High Street, Mbarara
  12. UBA RedShop: Kampala Post Office, Plot. 35 Kampala Road, Kampala. [12]

See also

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References

  1. 1 2 Muhereza Kyamutetera (9 April 2019). "UBA Banks Johnson Agoreyo Leads Bank Into Third Straight Year of Profit Sealing An End To An 8-Year Profit Dry Spell". Kampala: CEO Magazine Uganda. Retrieved 18 May 2020.
  2. 1 2 UBA Uganda (18 May 2020). "UBA Uganda Financials 31 December 2019". Kampala: UBA Uganda. Retrieved 18 May 2020.
  3. ↑ Bank of Uganda (18 May 2020). "List of Licensed and Supervised Commercial Banks In Uganda, As of May 2019" (PDF). Kampala: Bank of Uganda . Retrieved 18 May 2020.
  4. ↑ NM Partners (17 April 2018). "UBA Meets NSE's stringent corporate governance conditions, lists on NSE Premium Board". Lagos, Nigeria: Nairametrics.com. Retrieved 18 May 2020.
  5. ↑ UBA Uganda (18 May 2020). "UBA Uganda Headquarters". Kampala: UBA Uganda. Retrieved 18 May 2020.
  6. ↑ Google (18 May 2020). "Location of headquarters of UBA Uganda" (Map). Google Maps . Google. Retrieved 18 May 2020.
  7. 1 2 United Bank for Africa (March 2020). "UBA Plc Annual Report For The Period Ended 31 December 2019" (PDF). Lagos, Nigeria: United Bank for Africa. p. 117. Retrieved 18 May 2020.
  8. ↑ Ronald Kabuubi (20 November 2008). "United Bank of Africa invests $12m" (Archived from the original on 3 May 2014). New Vision . Kampala. Retrieved 18 May 2020.
  9. ↑ Mark Owor (23 December 2008). "United Bank of Africa goes to Mbale". New Vision . Kampala. Retrieved 18 May 2020.
  10. ↑ United Bank for Africa (2014). "UBA Plc Has Banking Subsidiaries In Over Twenty African Countries". United Bank for Africa . Retrieved 2 May 2014.
  11. ↑ SoftPower (30 May 2018). "UBA Moves To Dominate Banking Industry". Kampala: SoftPower Uganda. Retrieved 18 May 2020.
  12. ↑ Flash Uganda News (21 August 2019). "Red Shop Agent Banking: Everything you need to know about UBA's shared agent banking system". Kampala: Flash Uganda News. Retrieved 18 May 2020.

Coordinates: 00°18′49″N32°35′17″E / 0.31361°N 32.58806°E / 0.31361; 32.58806

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