Tropical Bank is a commercial bank in Uganda. It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator.

Overview

, Tropical Bank was a small financial services provider in Uganda. The bank's assets at that time were UGX:316 billion (approximately US$84 million).

History

The bank was established in 1973 as the Arab Libyan Bank for Foreign Trade & Development. In 1994, the name was changed to Tropical Africa Bank Limited. In 2006, the bank re-branded to Tropical Bank.

Ownership

99.91 percent of the share capital of Tropical Bank is owned by the

Libyan government The politics of Libya has been in an uncertain state since the collapse of the Libyan Arab Jamahiriya in 2011 and a recent civil war and various jihadists and tribal elements controlling parts of the country. On 10 March 2021, a national unity g ...

through the

Libyan Foreign Bank Libyan Foreign Bank (LFB) was established in 1972 in Tripoli, Libya as Libyan Arab Foreign Bank; it was renamed Libyan Foreign Bank in 2005. It was Libya's first offshore banking institution licensed to operate internationally. The Central Bank of ...

. The remaining 0.09 percent is owned by the

government of Uganda Uganda is a presidential republic in which the President of Uganda is the head of state and the prime minister is the head of government business. There is a multi-party system. Executive power is exercised by the government. Legislative power is ...

through the Ministry of Finance & Economic Development.

Governance

Tropical Bank is governed by a six-person board of directors, of whom two are executive directors and four are non-executive. Khalifa Achour Ettalua, one of the non-executive directors, is the Deputy Board Chairman. Abdulaziz M.A. Mansur is the managing director and Joweria Mukalaziis the acting executive director. Three other managers assist him in running the bank.

Branch network

, Tropical Bank had a network of branches in the

Central Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

, Western and Eastern regions of Uganda. # Kampala Road Branch - 27 Kampala Road, Kampala (Main Branch) and Head Office # Ntinda Branch - 1 Kimera Road, Ntinda, Kampala # Jinja Branch - 17 Main Street, Jinja # Masaka Branch - 2 Birch Avenue, Masaka # Mukono branch - Mukono, Uganda Mukono # Kawempe Branch - 3144 Kampala-Gulu Road, Kawempe, Kampala # Oasis Mall Branch - Yusuf Lule Road, Kampala # Kakira Branch - Downtown Area, Kakira

References

External links

Tropical Bank Website

Photo of Tropical Bank Headquarters

Tropical Bank Total Assets In December 2011
{{Kampala District Banks of Uganda Companies based in Kampala Banks established in 1973 1973 establishments in Uganda