Sat . Sat Jul 2018

Commercial Bank of Africa (Uganda)


The Commercial Bank of Africa Uganda CBAU is a commercial bank in Uganda The bank opened in 2014, following the issuance of a commercial banking license by the Bank of Uganda, the central bank and the national banking regulator The bank is a member of the Commercial Bank of Africa Group CBA Group, headquartered in Nairobi, Kenya

CBAU serves the banking needs of individuals and businesses in Uganda It focuses on meeting the banking needs of large corporations, diplomatic missions, non-governmental organizations, and high net-worth private clients The parent company raised KES:15 billion from its shareholders to finance CBAU

Contents

  • 1 History
  • 2 Branch network
  • 3 See also
  • 4 References

History

The Commercial Bank of Africa CBA, the parent company, was founded in 1962 in Dar es Salaam, Tanzania Branches were then opened in Nairobi and Mombasa, Kenya and in Kampala, Uganda In 1969, the bank sold its assets in Uganda to Barclays Bank of Uganda

In October 2011, the CBA Group announced plans to enter Uganda In February 2013, Kenyan print media reported that the CBA Group was waiting on approval from the Bank of Uganda to open CBAU's first branch in Kampala, the country's capital In January 2014, the necessary approval was granted and CBAU became the 26th commercial bank in the country

In January 2016, CBAU applied to the Bank of Uganda to be allowed to make loans using the mobile money platform, in partnership with cellular telephone provider MTN Uganda If permission is granted, the bank would become the first Ugandan commercial bank to provide this service

Branch network

As of August 2016, the bank maintained branches at these locations:

  • Main Branch - Twed Towers, 10 Kafu Road, Nakasero, Kampala
  • Bugoloobi Branch - The Village Mall, Bugoloobi, Kampala

See also

  • List of banks in Uganda
  • Economy of Uganda

References

  1. ^ a b Mark Keith Muhumuza, and Jonathan Adengo 27 January 2016 "Uganda: Bank Seeks Government Approval to Give Mobile Money Loans" Daily Monitor via AllAfricacom Kampala Retrieved 27 January 2016 
  2. ^ BOU 30 June 2015 "LIST OF LICENSED COMMERCIAL BANKS AS AT JUNE 2015" PDF Kampala: Bank of Uganda BOU Retrieved 27 January 2016 
  3. ^ Nakaweesi, Dorothy 22 January 2014 "Commercial Bank of Africa Returns to Ugandan Market" Daily Monitor Kampala Retrieved 2 May 2014 
  4. ^ Juma, Victor 11 November 2013 "Kenyatta Business Empire Goes Into Expansion Drive" Business Daily Africa Nairobi Retrieved 2 May 2014 
  5. ^ Ngigi, George 13 August 2012 "CBA raises Sh15bn for expansion into Uganda market" Business Daily Africa Nairobi Retrieved 28 January 2016 
  6. ^ Barclays Africa Group 31 December 2017 "Barclays Africa Group: Uganda: About Us: 1969" Johannesburg: Barclays Africa Group Retrieved 31 December 2017 
  7. ^ Karambu, Immaculate 31 October 2011 "Bank Plans for KSh15 Billion Rights Issue" Daily Nation Nairobi Retrieved 2 May 2014 
  8. ^ Herbling, David 13 February 2013 "CBA Awaits Central Bank Approval To Set Up In Uganda" Business Daily Africa Nairobi Retrieved 2 May 2014 
  9. ^ Herbling, David 2 February 2014 "CBA Becomes Ninth Kenyan Bank To Open Shop In Uganda" Business Daily Africa Nairobi Retrieved 2 May 2014 
  10. ^ CBA 26 August 2016 "Branch List of Commercial Bank of Africa Uganda" Commercial Bank of Africa CBA Retrieved 26 August 2016 


Commercial Bank of Africa (Uganda) Information about


Commercial Bank of Africa (Uganda)
Commercial Bank of Africa (Uganda)
Commercial Bank of Africa (Uganda) viewing the topic.
Commercial Bank of Africa (Uganda) what, Commercial Bank of Africa (Uganda) who, Commercial Bank of Africa (Uganda) explanation

There are excerpts from wikipedia on this article and video

Random Posts

Reproductive health

Reproductive health

Within the framework of the World Health Organization's WHO definition of health as a state of compl...
Southern Nicobarese language

Southern Nicobarese language

Southern Nicobarese, is a Nicobarese language, spoken on the Southern Nicobar Islands of Little Nico...
Erik Hassle

Erik Hassle

Erik Hassle born 26 August 1988 in Katrineholm, Sweden is a Swedish pop singer-songwriter He signed ...
Cromwellian conquest of Ireland

Cromwellian conquest of Ireland

Decisive English Parliamentarian victory English Parliamentarian conquest of Ireland End of the Con...