Standard Chartered Uganda
Commercial bank in Uganda
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | August 1, 1912; 111 years ago (1912-08-01) |
| Headquarters | 5 Speke Road, Kampala, Uganda |
Key people | Robin Kibuuka[1] Chairman Albert Saltson CEO[2][3] |
| Products | Loans, checking, savings, investments, debit cards |
| Revenue |  Aftertax: USh72 billion (US$20.3 million) (2020)[4] |
| Total assets | USh3.8 trillion (US$1.072 billion) (2020)[5] |
Number of employees | 600+ (2018)[6] |
| Parent | Standard Chartered |
| Website | www |
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.[7]
Overview
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020[update], 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),[5] behind Stanbic Bank Uganda and Centenary Bank.[8] As of June 2013[update], Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[9] Other credible sources have put the bank's total assets at UGX:3.3 trillion (US$892.1 million), as of February 2017.[3]
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.[6]
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.[5]
Branch network
As of May 2018[update], the bank had a network of interconnected branches at the following locations, arranged alphabetically:[2][10][11][12]
- Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
- Acacia Branch: Acacia Shopping Mall, Kololo, Kampala[13]
- 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, Kampala
Governance
The chairman of the board of directors is Robin Kibuuka.[1] The managing director is Albert Saltson.[2] 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.[3]
See also
References
- ^ a b Businge, Julius (28 March 2013). "Uganda: Standard Chartered Bank Uganda Appoints New Board Chairman". The Independent (Uganda) via AllAfrica.com. Retrieved 9 February 2016.
- ^ a b c Kamukama, Eronie (19 October 2017). "Banking industry sees bright future as year closes". Daily Monitor. Kampala. Retrieved 19 October 2017.
- ^ a b c Mark Keith Muhumuza (22 February 2017). "StanChart names Albert Saltson as Uganda CEO". Daily Monitor. Kampala. Retrieved 3 May 2018.
- ^ The independent (11 May 2021). "Standard Chartered Bank 2020 net profit down 42%". The Independent (Uganda). Kampala. Retrieved 25 May 2021.
- ^ a b c Salim Kalanzi (5 May 2021). "Standard Chartered Bank Assets Grow By 21%". Kampala: Bankers Journal Uganda. Retrieved 25 May 2021.
- ^ a b Stanchart Uganda (3 May 2018). "Number of Employees In 2018". Kampala: Standard Chartered Uganda. Retrieved 3 May 2018.
- ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
- ^ Muhereza Kyamutetera (4 May 2020). "Absa Bank Uganda's Assets Reach UGX3.4 Trillion, Moves From Fifth To Third Largest Bank, By Assets". Kampala: CEO Magazine Online. Retrieved 5 May 2020.
- ^ Emma Onyango (19 January 2014). "Mixed bag of banking stars". East African Business Week. Kampala. Retrieved 9 February 2016.
- ^ SCBUG (3 May 2018). "Standard Chartered Bank Uganda: ATMs and Branches". Kampala: Standard Chartered Uganda (SCBUG). Retrieved 3 May 2018.
- ^ Rupiny, David (31 May 2015). "Standard Chartered Bank Closing its Mbale branch". Kampala: Uganda Radio Network. Retrieved 19 October 2017.
- ^ TUGn (19 October 2017). "Standard Chartered Bank closes Mbarara and Gulu branches". Kampala: The Ugandan (TUGn). Retrieved 19 October 2017.
- ^ Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile optimistic about economic growth". Kampala: New Vision. Retrieved 9 February 2016.
External links
- Standard Chartered Bank Uganda Homepage
- Bank of Uganda Website
- Standard Chartered reports strongest profits since 2016 As of 24 May 2020.
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