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.
Overview
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. , it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of
UGX:937 billion (US$264 million),
behind
Stanbic Bank Uganda and
Centenary Bank
Centenary Bank is a commercial bank in Uganda licensed by the Bank of Uganda, the central bank and national banking regulator.
History
The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by Simeon Lutaa ...
.
, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country. Other credible sources have put the bank's total assets at UGX:3.3 trillion (US$892.1 million), as of February 2017.
History
Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding. In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of May 2018, Stanchart Uganda had 9 branches and 29
automated teller machines and employed over 600 people.
Ownership
Stanchart Uganda is a wholly owned subsidiary of the
Standard Chartered Bank Group, an international financial services
conglomerate
Conglomerate or conglomeration may refer to:
* Conglomerate (company)
* Conglomerate (geology)
* Conglomerate (mathematics)
In popular culture:
* The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes
** Co ...
, headquartered in London in the United Kingdom.
Branch network
, the bank had a network of interconnected branches at the following locations, arranged alphabetically:
# Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road,
Lugogo,
Kampala
# Acacia Branch: Acacia Shopping Mall,
Kololo, Kampala
# City Branch - 9 William Street, Kampala
# Jinja Branch - 2-4 Grant Road,
Jinja
# Freedom City Branch - 4010
Kampala-Entebbe Road,
Namasuba, Kampala
# Garden City Branch - Garden City Shopping Mall, 64-84 Yusuf Lule Road, Kampala
# Speke Road Branch - 5 Speke Road, Kampala Head Office
# Kikuubo Branch - Kikuubo Lane, Kampala
# Village Mall Branch - Village Mall, 3 Bandali Rise,
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
Governance
The chairman of the
board of directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...
is
Robin Kibuuka.
The
managing director is Albert Saltson.
Saltson is a native of Ghana and he served as the managing director and chief executive officer of Standard Chartered Gambia, prior to re-assignment to Uganda. During his more than 25 years at Standard Chartered, he has had stints in Ghana and Sierra Leone.
See also
References
External links
Standard Chartered Bank Uganda HomepageBank of Uganda WebsiteStandard Chartered reports strongest profits since 2016As of 24 May 2020.
{{Kampala District
Banks of Uganda
Banks established in 1912
Companies based in Kampala
Standard Chartered
1912 establishments in Uganda