Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

. It is one of the commercial banks licensed by the

Bank of Uganda The Bank of 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 Bank of Uganda managed to ma ...

(BOU), the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator. EBU is a member of the Exim Bank Group (East Africa), a large financial services conglomerate with subsidiaries in Tanzania, Comoros, Uganda and Djibouti. The group also maintains a representative office in Ethiopia.

Overview

This bank provides services to both individuals and corporate clients. As of December 2019, the bank's total assets were valued at approximately UGX 341.2 billion (approx. US$90.907 million). At that time, the bank's customer deposits were UGX 275.6 billion (approx. US$73.429 million).

History

Exim Bank Uganda was established in 2011 as Imperial Bank Uganda by two major investors, Mukwano Group, a diversified Ugandan business and manufacturing conglomerate, and Imperial Bank Kenya, a medium-sized financial services provider, based in

Nairobi, Kenya Nairobi is the capital and largest city of Kenya. The city lies in the south-central part of Kenya, at an elevation of . The name is derived from the Maasai phrase , which translates to 'place of cool waters', a reference to the Nairobi Riv ...

. On 13 October 2015, following the death of the Imperial Bank Group's managing director, the Central Bank of Kenya placed Imperial Bank Kenya under statutory management due to "unsafe and unsound business conditions to transact business" at the parent company. BOU took over Imperial Bank Uganda the same day. BOU promptly put the Imperial Bank Group's shareholding on sale. On 7 March 2016, Exim Bank (Tanzania) acquired the ownership interest that Imperial Bank Kenya formerly had in this bank and re-branded it to Exim Bank (Uganda).

Ownership

The stock of the bank is privately held. The detailed shareholding in Exim Bank (Uganda) as of March 2016 is depicted in the table below:

Branch network

As of July 2022, the locations of the bank's branches included the following: # Main Branch - 6 Hannington Road,

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

# Kyaggwe Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road,

# Kikuubo Branch - 24 Kikuubo Lane,

# Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo,

# Nakawa Branch - Plot 1-2, Enterprise Close, Ntinda Industrial Area,

Nakawa Division Nakawa Division is one of the five administrative divisions of the city of Kampala, the capital and largest city of Uganda. The town of Nakawa is the site of the division headquarters. Location Nakawa Division lies in the eastern part of the city ...

, Kampala # Industrial Area Branch - 86-96 Sixth Street, Industrial Area, Kampala # Kisenyi Branch - Kafumbe Mukasa Road, Kisenyi, Kampala.

Governance

The Chairperson of the EBU Board is Sarah Nanziri Bagalaaliwo, a non-Executive Director. The Chief Executive Officer is Henry Lugemwa Kyanjo, who is a non-shareholder.

References

External links

Website of Exim Bank Uganda

Website of Bank of Uganda
{{Kampala District Banks of Uganda Foreign trade of Uganda Banks established in 2011 Companies based in Kampala 2011 establishments in Uganda