Opportunity Bank Uganda Limited (OBUL), 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 received a commercial banking licence from 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 ...

on 25 September 2019.

Location

OBUL's headquarters are located in Opportunity House, at 1259 Old Kira Road, in

Kamwookya Kamwookya, sometimes spelled as Kamwokya, is a location within the city of Kampala, Uganda's capital and largest metropolitan area. Location Kamwookya is bordered by Kyebando to the north, Bukoto to the northeast, Naguru to the east, Kololo to ...

, a business and residential neighborhood within the city of

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. The geographical coordinates of the bank's headquarters are 0°20'43.0"N, 32°35'37.0"E (Latitude:0.345278; Longitude:32.593611).

Overview

Opportunity Bank Uganda Limited is a Tier I Financial Institution (Commercial Bank), licensed by the

, 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. As of September 2019, the financial institution had total assets worth USh132 billion (US$36.3 million), with shareholders' equity of about USh28 billion (US$7.7 million).

History

This microfinance institution was licensed in 1995 and began operations in 1996 as Faulu Uganda, a programme of Food for the Hungry International, a

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 ...

. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming Faulu Uganda Limited. Under that name, the company became part of the Faulu network in Uganda and Kenya. As a credit institution, it was not authorized to offer checking accounts or deal in foreign exchange. The company was however authorized to take in customer deposits and to establish savings accounts. It was also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company later became affiliated with

Opportunity International Opportunity International is a 501(c)(3) nonprofit organization that is working to end global poverty by creating and sustaining jobs. Through a network of 47 program and support partners, Opportunity provides small business loans, savings, insur ...

and became a member of their network. Opportunity International specializes in lending to the poorest of the

working poor The working poor are working people whose incomes fall below a given poverty line due to low-income jobs and low familial household income. These are people who spend at least 27 weeks in a year working or looking for employment, but remain und ...

. , the institution's total assets were valued at US$20.53 million, with shareholder's equity of US$7.86 million. In 2006, Opportunity Transformation Investments and

Opportunity International Australia Opportunity International is a 501(c)(3) nonprofit organization that is working to end global poverty by creating and sustaining jobs. Through a network of 47 program and support partners, Opportunity provides small business loans, savings, ins ...

each purchased a 31.5 percent stake in Faulu Uganda Limited, giving Opportunity International a combined majority stake of 63 percent in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of Faulu Uganda, thereby taking outright ownership of the company. The financial institution was renamed Opportunity Uganda Limited. In November 2011, the institution rebranded to "Opportunity Bank Uganda Limited".

Ownership

The company was owned by five different entities, as of October 2019.In October 2020, TLG Capital based in the United Kingdom, acquired 49 percent shareholding in Opportunity Bank Uganda in exchange for an undisclosed consideration. MyBucks of the United States exited the investment.

Branch network

The branch network of OBUL has included the following locations: # Kira Road Branch - 80 Kira Road,

# City Center Branch - 14 Kampala Road, Kampala # Kawempe Branch - 494 Block 204, Goshen House,

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

# Nateete Branch - 715 Masaka Road,

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the nor ...

# Owino Branch - Ovino Shopping Complex, 22 Kisenyi Road, Kampala # Gayaza Branch - Gayaza-Kampala Road,

Gayaza Gayaza is a town in Wakiso District in the Buganda Region of Uganda. Location Gayaza is in the North Kyaddondo Constituency, Kyaddondo County. The town is approximately , north-east of Kasangati, on the ''Kampala–Ziroobwe Road''. This is ap ...

# Nansana Branch - Hoima Road,

Nansana Nansana is a town in the Central Region of Uganda. It is located in the Wakiso District and is one of the five municipalities in the district. Nansana is a municipal council comprising four Divisions; Nansana Division, Nabweru Division, Gombe ...

# Jinja Branch - 9 Skindia Road, Jinja # Iganga Branch - 88 Main Street,

Iganga Iganga is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Iganga District. Location Iganga is located in Uganda's Busoga sub-region. It lies approximately , by road, northeast of the ...

# Mbarara Branch - 90 Highway Street,

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 ...

# Masaka Branch - Edward Avenue,

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equator ...

# Kalagi Branch - Mukono-Kayunga Road, Kalagi # Mubende Branch - 103 Lubanga Road,

Mubende Mubende is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Mubende District and is the location of the district headquarters. Location Mubende is approximately , by road, west of Kampal ...

# Head Office - 7A Acacia Avenue,

Kololo Kololo is a hill in Kampala, the largest city and capital of Uganda. The name also applies to the upscale residential and commercial neighbourhood that sits on that hill. Location Kololo is close to the centre of Kampala, bordered by Naguru, U ...

, Kampala # Mayuge Branch - Mayuge # Mbale Branch -

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capita ...

# Lira Branch - Obote Avenue,

Lira Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israe ...

# Kyenjojo Branch -

Kyenjojo Kyenjojo is a town in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Kyenjojo District and the site of the district headquarters. Location Kyenjojo is at the intersection of two major highways. ...

# Hoima Branch -

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, nort ...

# Mukono Branch -

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# Kamdini Branch - Oyam # Soroti Branch -

Soroti Soroti is a city in Eastern Region of Uganda. It is the main City, commercial, and administrative center in curved out of Soroti District, one of the nine administrative districts in the Teso sub-region. Soroti City was immediately approved f ...

# Mityana Branch -

Mityana Mityana, is a town in the Central Region, Uganda, Central Region of Uganda. It is the main municipal, administrative, and commercial center of Mityana District, and the district headquarters are located there. Location Mityana is approximately , ...

# Abaita Ababiri Branch -

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The c ...

References

External links

2014 Global Outreach and Financial Performance Benchmark Report
{{coord, 00, 20, 43, N, 32, 35, 37, E, display=title Banks of Uganda Banks established in 1995 1995 establishments in Uganda Companies based in Kampala