United Bank for Africa Uganda Limited

Last updated
United Bank for Africa Uganda Limited
Company typeSubsidiary of United Bank for Africa
Industry Financial services
Founded2008;16 years ago (2008)
HeadquartersPlot. 2, Jinja Road, Kampala, Uganda
Key people
Mustafa Kigozi Sebbagala
Ag. Chairman
Chioma Mang [1]
CEO and MD
Kenneth Kisambira
Executive Director
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: USh 10.2 billion (US$2.68 million) (2023) [2]
Total assets USh 623.093 billion (US$164.235 million) (2023) [3]
Number of employees
411 (2024)
Parent United Bank for Africa
Website www.ubauganda.com

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. [4] 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. [5]

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. [6] 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). [7]

Overview

UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of 31 December 2023, UBA Uganda's total assets were USh  623,093,431,000/= (approx. US$164.235 million), with shareholders' equity of USh  142,572,067,000/= (approx. US$37.6 million). [3]

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 Limited 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, 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 2023. [2]

United Bank for Africa (Uganda) Stock Ownership
RankName of OwnerPercentage Ownership
1 United Bank for Africa Plc 80.0
2Other investors20.0
Total100.0

Branch network

As of September 2020, 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. Boulevard Mall Branch: Plot 17/19, Kampala Road, Kampala
  13. Forest Mall Branch: Forest Mall, Lugogo By-Pass, Kampala
  14. Ntinda Branch: First Floor, Ntinda Complex, Ntinda, Kampala
  15. Mukono Branch: First Floor, Cathedral House, Plot 37-39, Mukono
  16. Gulu Branch: Plot No.15 Queens Avenue, Gulu.

Recent developments

Effective 1 October 2021, Bank of Uganda, the central bank and national banking regulator, named UBA Uganda Limited, as a Primary Dealer Bank (PDB). PDBs are authorised to "facilitate the buying and selling of treasury bills and bonds to investors who do not have access to the primary market". The seven other PDBs are (1) Stanbic Bank Uganda Limited (2) Centenary Bank (3) Standard Chartered Uganda (4) Absa Bank Uganda Limited (5) DFCU Bank (6) Bank of Baroda (Uganda) and (7) Housing Finance Bank. [12]

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.

Global Trust Bank (Uganda) Limited (GTBU), commonly referred to as Global Trust Bank (GTBU), was a commercial bank in Uganda which started operations in 2008 and was closed down in 2014. Its headquarters were located in a five-storey building on Kampala Road in the center of Uganda’s capital, Kampala. It was licensed as a commercial bank by Bank of Uganda, the central bank and national banking regulator.

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.

<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.

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.

<span class="mw-page-title-main">Ecobank Uganda</span> 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.

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

Equity Bank Uganda Limited (EBUL), is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. EBUL is a subsidiary of Equity Group Holdings Limited, a financial service conglomerate with headquarters in Kenya and subsidiaries in six countries of the African Great Lakes Region.

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.

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.

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.

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

References

  1. ↑ "UBA Uganda's Chioma Mang Turns Down Central Bank of Nigeria's Appointment As ED of Troubled Keystone Bank". CEO East Africa. Kampala, Uganda. 13 February 2024. Retrieved 6 June 2024.
  2. 1 2 James Anyanzwa (29 April 2024). "UBA increases stake in Ugandan, Kenyan units". Daily Monitor . Kampala, Uganda. Retrieved 30 April 2024.
  3. 1 2 UBA Uganda (19 April 2024). "UBA Uganda Limited: Statement of Financial Position As At 31 December 2023" (PDF). UBA Uganda Limited. Kampala, Uganda. Retrieved 30 April 2024.
  4. ↑ 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.
  5. ↑ 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.
  6. ↑ UBA Uganda (18 May 2020). "UBA Uganda Headquarters". Kampala: UBA Uganda. Retrieved 18 May 2020.
  7. ↑ Google (18 May 2020). "Location of headquarters of UBA Uganda" (Map). Google Maps . Google. Retrieved 18 May 2020.
  8. ↑ Ronald Kabuubi (20 November 2008). "United Bank of Africa invests $12m". New Vision . Kampala. Archived from the original (Archived from the original on 3 May 2014) on 2014-05-03. 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. ↑ UBA Uganda Limited (18 September 2020). "Branch List of United Bank for Africa Uganda Limited". Kampala: United Bank for Africa Uganda Limited. Retrieved 18 September 2020.
  12. ↑ Ali Twaha (16 September 2021). "Primary dealer banks increase to eight". New Vision . Kampala, Uganda. Retrieved 19 September 2021.

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

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.