Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, 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 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

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

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. , 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 An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fun ...

and employed over 600 people.

Ownership

Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, 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 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 ...

# Acacia Branch: Acacia Shopping Mall,

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 # 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 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 ...

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.

References

External links

Standard Chartered Bank Uganda Homepage

Bank of Uganda Website

Standard Chartered reports strongest profits since 2016
As of 24 May 2020. {{Kampala District Banks of Uganda Banks established in 1912 Companies based in Kampala Standard Chartered 1912 establishments in Uganda