NCBA Bank Uganda Limited (commonly called NCBA Bank Uganda or shortened to NCBU), 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 one of the commercial banks 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 country's

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.

Overview

NCBA Bank Uganda is a retail financial services provider in Uganda, focusing on meeting the banking needs of

small and medium enterprises 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 ...

and large corporations. , the total assets of the bank were valued at UGX:548 billion (US$149 million). The bank is a wholly owned subsidiary of the

NCBA Group Plc NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast. Location The group's headquarters are ...

, headquartered in

Nairobi Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...

, Kenya, with subsidiaries in

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

, Rwanda, Ivory Coast and Uganda.

History

The bank was founded in 2012 as NC Bank Uganda and received a commercial banking license from the Bank of Uganda in April 2012. The bank opened for business in May 2012. In September 2019, the two parent companies of NC Bank Uganda and

Commercial Bank of Africa (Uganda) The Commercial Bank of Africa (Uganda) (CBAU) is a commercial bank in Uganda. The bank opened in 2014, following the issuance of a commercial banking license by the Bank of Uganda, the central bank and the national banking regulator. The bank is a ...

, both based in Kenya, received regulatory approval to merge their businesses, thereby merging their subsidiaries in Uganda to form NCBA Bank Uganda, effective 1 October 2019, subject to the approval of the Bank of Uganda. In June 2020, Bank of Uganda gave consent for the merger of NC Bank Uganda with CBA Uganda. The merger process is expected to be complete by 31 September 2020. The combined bank had total assets of USh548 billion, (approx. US$149 million), as of 31 March 2020.

Management

Anthony Ndegwa, formerly managing director of CBA Uganda Limited, was appointed

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

of NCBA Bank Uganda, effective June 2020. In December 2020, Anthony Ndegwa left the bank and Mark Muyobo was appointed as managing director and CEO, in acting capacity.

Branches

As of July 2020, the bank maintained networked branches at the following locations: # Nakasero Branch: Rwenzori House, Nakasero Road,

Nakasero Nakasero is a hill and neighborhood in the centre of Kampala, the capital and largest city of Uganda. Nakasero is important to Uganda's economy and politics, as it is home to Kampala's central business district and several government offices, ...

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 ...

Main Branch # Bugoloobi Branch: 2nd Floor, Village Mall,

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 ...

, Kampala # Market Plaza Branch: Market Street, Kampala. # Kafu Road Branch - Twed Towers, 10 Kafu Road,

References

External links