Cairo Bank Uganda Limited (CBUL), formerly known as Cairo International Bank (CIB), is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

. It is licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya 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. History In 1979 and again in 1987, the Ba ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator. It is a subsidiary of Egypt-based banking group,

Banque du Caire Banque du Caire is a bank in Egypt, founded in 1952; is one of the oldest and largest Egyptian banks providing its clients with an integrated and diversified package of banking services and products designed specifically to meet their needs. As ...

Group.

Headquarters location

Cairo Bank Uganda has its headquarters at Lotis Towers, at Plot 16 Mackinnon Road, Nakasero Hill, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

, Uganda's capital city. The geographical coordinates of the bank's headquarters are: 0°19'17.0"N, 32°35'05.0"E (Latitude:0.321389; Longitude:32.584722).

Overview

CBUL focuses on serving

small and medium businesses Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

(SMEs), educational institutions,

non-governmental organization A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in h ...

s and corporate entities. In 2020, the bank re-branded and turned its focus on meeting the banking needs of SMEs. Cairo Bank Uganda Limited is a fully owned subsidiary by Banque du Caire (BDC), an Egypt-based financial services conglomerate with total assets in excess of US$12 billion, as of September 2020. As of December 2019 the total assets of Cairo Bank Uganda were valued at USh189 billion (US$51.4 million) with shareholders' equity of USh52.3 billion (US$14.2 million).

History

Incorporated as Cairo International Bank in 1995, the bank began operations in the same year following the issuance of a commercial banking license by the Bank of Uganda. In 2020, Banque du Caire, which owned 62.4 percent of the shares of

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of the Ugandan subsidiary, acquired the 24 percent shareholding owned by

Bank Misr Banque Misr ( ar, بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch ...

and the 13.6 percent owned by

Bank of Egypt Banque Misr ( ar, بنك مصر) is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank in 1960. The bank has branch ...

, to become the sole owner of 100 percent of the tock of the Ugandan bank.

Management board

Cairo Bank Uganda (CBU) is governed by an eight-person board of directors. Sylvia Jagwe Owachi is the Acting Managing Director. She replaced Ahmad Maher Nada, the previous CEO, who left CBU and take up an assignment at

in Egypt, effective January 2022. He served as MD/CEO at CBU for three and one half years.

Branch network

CBU has the following branches, as of September 2020: 1. Main Branch : Lotis Towers, Plot 16 - Mackinnon Road, Nakasero,

. 2. Kampala Road Branch: Greenland Towers, Plot 30 Kampala Road,

. 3. Kikuubo Branch: Shamba Complex, Kyagwe Road,

. 4. Garden City Branch: Garden City Shopping Mall, Yusuf Lule Road,

. 5. Bugoloobi Branch: Plot 1-5 Spring Close,

Bugoloobi Bugoloobi sometimes spelled as Bugolobi though incorrect, is a location in Kampala, Uganda's capital and largest city. It is a suburban neighborhood and some of the most valuable properties in Kampala are found here. It is among the most develop ...

. 6. Bweyogerere Branch:

Bweyogerere Bweyogerere is one of the six townships or wards that constitute Kira Municipality in Wakiso District in southern central Uganda. The other five wards are Kimwaanyi, Kira, Kireka, Kirinnya and Kyaliwajjala. Location Bweyogerere is located on the ...

Kira Town Kira Town, a municipality in the Wakiso District of the Central Region of Uganda, is the country's second-largest city by population. It is administered by the Kira Town Council, an urban local government. Location Kira town council was elevate ...

. 7. Mbarara Branch: Rwebikona Building, Mbarara – Fort Portal Road,

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Nyakay ...

Rebranding

In September 2020, ''Cairo International Bank Limited'' changed its name to Cairo Bank Uganda Limited, relocated to new headquarter premises and changed focus to SME customers.

References

External links

Cairo Bank Uganda Website

Bank of Uganda Website

Revealed: How Pension Billions Left Cairo Bank
{{Kampala District Banks of Uganda Kampala Central Division Companies based in Kampala Banks established in 1995 1995 establishments in Uganda