Opportunity Uganda Limited


Opportunity Bank Uganda Limited OBUL, is a credit institution Tier II Financial Institution in Uganda In November 2011, the institution rebranded as Opportunity Bank Uganda

Contents

  • 1 Location
  • 2 Overview
  • 3 History
  • 4 Ownership
  • 5 Branch network
  • 6 See also
  • 7 References
  • 8 External links

Location

OBUL's headquarters are located at 7A Babiiha Avenue on Kololo Hill, a business and residential neighborhood within the city of Kampala, Uganda's capital The coordinates of the headquarters are 0°20'090"N, 32°35'150"E Latitude:0335845; Longitude:32587500

Overview

Opportunity Bank Uganda Limited is a Tier II Financial Institution MFI, licensed by the Bank of Uganda, the central bank and national banking regulator As a credit institution, it is not authorized to offer checking accounts or deal in foreign exchange The company is authorized to take in customer deposits and to establish savings accounts It is also authorized make collateralized and non-collateralized loans to savings and non savings customers The company is a wholly owned subsidiary of Opportunity International and is a member of their network They specialize in lending to the poorest of the working poor As of December 2015, the institution's total assets were valued at US$2053 million, with shareholder's equity of US$786 million

History

This microfinance institution was licensed in 1995 and began operations in 1996 as Faulu Uganda, a programme of Food for the Hungry International, a non-governmental organization In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming Faulu Uganda Limited Under that name, the company became part of the Faulu network in Uganda and Kenya

In 2006, Opportunity Transformation Investments and Opportunity International Australia each purchased a 315 percent stake in Faulu Uganda Limited, giving Opportunity International a combined majority stake of 63 percent in the fourth largest microfinance institution in Uganda In December 2009, Opportunity bought the remaining shares of Faulu Uganda, thereby taking outright ownership of the company The financial institution was renamed Opportunity Uganda Limited In November 2011, the institution rebranded to "Opportunity Bank Uganda Limited"

Ownership

The company is owned by five different entities, as of October 2016

Opportunity Bank Uganda Stock Ownership
Rank Name of Owner Percentage Ownership
1 MyBucks 4900
2 Opportunity Transformational Inc 3679
3 Faulu Trust 714
4 Opportunity International Canada 606
5 Food for the Hungry Organization 101
Total 10000

Branch network

The branch network of OBUL has included the following locations:

  1. Kira Road Branch - 80 Kira Road, Kamwookya
  2. City Center Branch - 14 Kampala Road, Kampala
  3. Kawempe Branch - 494 Block 204, Goshen House, Kawempe
  4. Nateete Branch - 715 Masaka Road, Nateete
  5. Owino Branch - Ovino Shopping Complex, 22 Kisenyi Road, Kampala
  6. Gayaza Branch - Gayaza-Kampala Road, Gayaza
  7. Nansana Branch - Hoima Road, Nansana
  8. Jinja Branch - 9 Skindia Road, Jinja
  9. Iganga Branch - 88 Main Street, Iganga
  10. Mbarara Branch - 90 Highway Street, Mbarara
  11. Masaka Branch - Edward Avenue, Masaka
  12. Kalagi Branch - Mukono-Kayunga Road, Kalagi
  13. Mubende Branch - 103 Lubanga Road, Mubende
  14. Head Office - 7A Acacia Avenue, Kololo, Kampala
  15. Mayuge Branch - Mayuge
  16. Mbale Branch - Mbale
  17. Kyenjojo Branch - Kyenjojo
  18. Hoima Branch - Hoima
  19. Mukono Branch - Mukono
  20. Soroti Branch - Soroti
  21. Mityana Branch - Mityana

See also

  • Banking in Uganda
  • List of banks in Uganda
  • Faulu Kenya

References

  1. ^ a b c TMO 31 December 2015 "MFI Report: Opportunity Uganda Data As At 31 December 2015" Themixorg TMO Retrieved 14 October 2016 
  2. ^ a b Kalungi, Nicholas 24 November 2011 "Opportunity Uganda Takes On New Name" Daily Monitor Kampala Retrieved 15 June 2014 
  3. ^ Google 14 October 2016 "Location of the Headquarters of Opportunity Bank Uganda" Map Google Maps Google Retrieved 14 October 2016 
  4. ^ BOU 30 June 2015 "List of Licensed Credit Institutions As At June 2015" PDF Bank of Uganda BOU Retrieved 14 October 2016 
  5. ^ Sources 14 June 2014 "History of Faulu Uganda Limited" List-Companycom Retrieved 14 June 2014 
  6. ^ Kamau, Scola 16 December 2009 "Faulu Uganda Rebrands to Opportunity Uganda" Daily Monitor Retrieved 15 June 2014 
  7. ^ Vision Reporter 14 December 2009 "US-based Group to Take Over Faulu" New Vision Kampala Retrieved 15 June 2014 
  8. ^ OBUL 9 August 2016 "Opportunity Bank Uganda Limited: Shareholding" Kampala: Opportunity Bank Uganda OBUL Retrieved 9 August 2016 
  9. ^ Busuulwa, Bernard 11 October 2016 "Uganda: Mybucks Enters Uganda With 49 Percent Stake in Opportunity Bank" The EastAfrican Nairobi Retrieved 14 October 2016 
  10. ^ OBUL 14 October 2016 "The Branches of Opportunity Bank Uganda" Kampala: Opportunity Bank Uganda OBUL Retrieved 14 October 2016 

External links

  • Total Loan Portfolio US$138 Million In March 2014

Coordinates: 00°19′48″N 32°35′13″E / 033000°N 3258694°E / 033000; 3258694



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