United Bank for Africa Uganda Limited, also UBA 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 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. UBA Uganda is a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of the

United Bank for Africa United Bank for Africa Plc (UBA) is a Multinational pan-African financial services group headquartered in Lagos and known as Africa’s Global Bank. It has subsidiaries in 20 African countries and offices in London, Paris and New York. In Dece ...

, headquartered in

Lagos Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national ca ...

, Nigeria, with a presence in twenty African countries, the United Kingdom, France, and the United States. The stock of UBA Transnational trades on the

Nigeria Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ...

under the symbol UBA.

Location

The headquarters of UBA Uganda are located at Plot 2, Jinja Road, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

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 ...

, the capital and largest city in Uganda. The geographical coordinates of the bank's headquarters are:00°18'49.0"N, 32°35'17.0"E (Latitude:0.313611; Longitude:32.588056).

Overview

UBA Uganda is a retail bank that serves

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 ...

(SMEs), large corporations and individual customers. As of 31 December 2021, UBA Uganda's total assets were USh (approx. US$155.82 million), with shareholders' equity of (approx. US$21.41 million).

History

UBA Uganda commenced operations in May 2008, starting with the opening of the main branch on the Kampala-Jinja Highway in Kampala. The Nigeria-based parent company, United Bank for Africa, started operations in Uganda with a capital base of US$12 million. It was a greenfield start-up. Within the first six months, the bank established four branches within Kampala and its suburbs. During the following six months, ''UBA Uganda Limited'' added two upcountry branches, one in Jinja, about east of Kampala, and the other in

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 ...

, a city located about , by road, north-east of the capital.

Ownership

UBA Bank Uganda is a

of the United Bank for Africa, headquartered in

, Nigeria and with a presence in twenty African countries and the United Kingdom, France, and the United States. The table below illustrates the shareholding in the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of UBA Bank Uganda, as of December 2019.

Branch network

As of September 2020, UBA Uganda maintained branches at the following locations: # Jinja Road Branch: Plot. 2 Jinja Road,

Main Branch # Prestige Branch/Corporate Branch: Plot. 2 Jinja Road, Kampala # William Street Branch: 17B William Street, Kampala # Kansanga Branch: Plot. 5277, Block 244,

Kansanga Kansanga is a neighborhood in Kampala, the capital and largest city of Uganda. Location Kansanga is bordered by Kabalagala and Kisugu to the north, Muyenga to the north-east, Kiwafu to the east, Bbunga to the south-east, Konge to the south, L ...

, Kampala # Kikuubo Branch: Downtown, near Senana Supermarket, Kampala # Makerere University Branch: Makerere University Campus, Kampala # Bugema University Branch: Bugema University Campus, Bugema,

Luweero District Luweero District (also spelled as Luwero) is a district in the Central Region of Uganda. Luweero is the site of the district headquarters. Location Luweero District is bordered by Nakasongola District to the north, Kayunga District to the east, ...

# Jinja Branch: 5 Lady Alice Muloki Road, Jinja # Mbale Branch: 1-3 Manafwa Road,

# Fort Portal Branch: 8 Ruhandika Street,

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampal ...

# Mbarara Branch: 94 High 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 ...

# Boulevard Mall Branch: Plot 17/19, Kampala Road, Kampala # Forest Mall Branch: Forest Mall, Lugogo By-Pass, Kampala # Ntinda Branch: First Floor, Ntinda Complex,

Ntinda Ntinda is a location in northeastern Kampala, the capital city of Uganda. Location Ntinda lies in Nakawa Division, one of the five administrative divisions of Kampala. It is bordered by Kyambogo to the east, Nakawa to the south, Naguru to the we ...

, Kampala # Mukono Branch: First Floor, Cathedral House, Plot 37-39,

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 ...

# Gulu Branch: Plot No.15 Queens Avenue,

Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The distance from Gulu to Kampala, Uganda's capital and large ...

Recent developments

Effective 1 October 2021,

, the

and national banking regulator, named UBA Uganda Limited, as a Primary Dealer Bank (PDB). PDBs are authorised to "facilitate the buying and selling of treasury bills and bonds to investors who do not have access to the primary market". The seven other PDBs are (1)

Stanbic Bank Uganda Limited Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator. Overview SBU is the largest commercial bank in the country, by assets. As of 31 December 2021, the bank's ...

(2)

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 ...

(3)

Standard Chartered Uganda 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 nat ...

(4)

Absa Bank Uganda Limited Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a ...

(5)

DFCU Bank DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator. Overview As of December 2021, DFC ...

(6)

Bank of Baroda (Uganda) The Bank of Baroda Uganda Limited, also known as the Bank of Baroda Uganda (BBU), is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda . It is one of the ...

and (7)

Housing Finance Bank Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator. Overview HFB is a full service retail bank that is primarily involved in mortgage banking. ...

References

External links

Official website

Summarized Financial Statements For The Year Ended 31 December 2018

UBA Banks Johnson Agoreyo Leads Bank Into Third Straight Year of Profit Sealing An End To An 8-Year Profit Dry Spell
As of 9 April 2019. {{coord, 00, 18, 49, N, 32, 35, 17, E, display=title Banks of Uganda Banks established in 2008 2008 establishments in Uganda Companies based in Kampala Economy of Uganda United Bank for Africa Kampala Central Division