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Exim Bank (Uganda)
exim bank uganda limited, exim bank uganda addressExim Bank Uganda EBU, commonly known as Exim Bank, is a commercial bank in Uganda It is one of the commercial banks licensed by the Bank of Uganda BOU, the central bank and national banking regulator
Contents
- 1 Overview
- 2 History
- 3 Ownership
- 4 Branch network
- 5 See also
- 6 References
- 7 External links
Overview
The bank is a small-sized retail bank that caters to both individuals and corporate clients In December 2013, the bank's total assets were valued at approximately US$87 million UGX:21465 billion, with shareholders' equity of approximately US$137 million UGX:342 billion EBU is a subsidiary of Exim Bank Tanzania, a large Tanzanian financial services company with subsidiaries in Tanzania, Comoros, Djibouti, and Uganda
History
EBU 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
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:
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Exim Bank of Tanzania | 586 |
| 2 | Amazal Holdings Limited of Uganda | 365 |
| 3 | Export Finance Limited of Uganda | 49 |
| Total | 10000 |
Branch network
As of May 2014, the locations of the bank's branches included the following:
- Main Branch - 6 Hannington Road, Kampala
- Mukwano Mall Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road, Kampala
- Nakivubo Branch - Mukwano Centre Shopping Arcade, Nakivubo Place Road, Kampala
- Kikuubo Branch - 24 Kikuubo Lane, Kampala
- Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo, Kampala
See also
- List of banks in Uganda
- Economy of Uganda
- Banking in Uganda
References
- ^ Independent Reporter 7 March 2016 "Exim Bank takes over Imperial Bank" The Independent Uganda Kampala Retrieved 7 March 2016
- ^ Press Release 7 March 2016 "Exim Bank now in 'Uganda'" Dar es Salaam: Exim Bank Retrieved 7 March 2016
- ^ BOU June 2015 "List of Licensed Commercial Banks As At June 2015" PDF Kampala: Bank of Uganda BOU Retrieved 18 December 2015
- ^ "Shareholding In Imperial Bank Uganda" Imperial Bank Uganda Archived from the original on 4 May 2014 Retrieved 4 May 2014
- ^ a b Oketch, Martin Luther 7 March 2016 "Exim Bank Tanzania takes over Imperial Bank Uganda" Daily Monitor Kampala Retrieved 7 March 2016
- ^ Nantaba, Eriosi 7 February 2011 "Imperial Bank Set To Open In Uganda" East Africa Business Week Kampala via Archivetoday Archived from the original on 8 July 2011 Retrieved 4 May 2014
- ^ Khisa, Isaac 4 February 2014 "Kenya bank joins Uganda market" Daily Monitor Kampala Retrieved 7 March 2016
- ^ IBKL 2014 "Audited 31 December 2013 Financial Statement" PDF Imperial Bank Kenya Limited IBKL Retrieved 21 August 2014
- ^ George Ngigi, and Brian Ngugi 13 October 2015 "Central Bank of Kenya puts Imperial Bank under statutory management" Daily Nation Nairobi Retrieved 7 March 2016
- ^ Monitor Reporter 13 October 2015 "Bank Of Uganda takes over operations of Imperial Bank" Daily Monitor Kampala Retrieved 7 March 2016
- ^ Irungu, Geoffrey 22 October 2015 "Uganda puts Imperial Bank's stake in Kampala unit on sale" Business Daily Africa Nairobi Retrieved 7 March 2016
- ^ Sanya, Samuel 7 March 2016 "Tanzania's Exim Bank takes over Imperial Bank Uganda" New Vision Kampala Retrieved 7 March 2016
- ^ Coutinho, Brian 12 March 2016 "Uganda: Tanzanian Bank Goes After Ugandan Clients" East African Business Week Kampala Retrieved 14 March 2016
- ^ "Branches of Imperial Bank Uganda In May 2014" Imperial Bank Group Archived from the original on 3 May 2014 Retrieved 4 May 2014
External links
- Website of Exim Bank Uganda
- Website of Bank of Uganda
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