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Stanbic Bank Uganda Limited


Stanbic Bank Uganda Limited SBU is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator

Contents

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

Overview

SBU is the largest commercial bank in the country, by assets As of 31 December 2017, the bank's total assets were valued at USh54 trillion US$15 billion

Group

SBU is listed on the Uganda Securities Exchange USE, where it trades under the symbol SBU It offers a range of banking products including Internet banking, mobile money, SME lending, and debit and credit cards, among other products SBU is a subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited

History

The bank was founded in Uganda as the National Bank of India in 1906 After several name changes, it became Grindlays Bank In 1991, Standard Bank bought the Grindlays Bank network in Africa The new owners renamed the bank Stanbic Bank Uganda Limited

Stanbic Bank Uganda Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997 In 2017 the bank was awarded a bancassurance licence from the Insurance Regulatory Authority, authorizing Stanbic Bank to sell insurance products to its customers and the public

In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches The new owners merged their new acquisition with their existing Stanbic Bank Uganda Limited to form Uganda's largest commercial bank by assets and branch network In November 2005, the government of Uganda divested its ownership in Stanbic Bank Uganda by listing its shares on the USE Standard Bank also floated 10 percent of its shareholding at the same time, reducing their ownership to 80 percent

Ownership

As of December 2016, the ownership of SBU stock, was as depicted in the table below:

Stanbic Bank Uganda Limited Stock Ownership
Rank Name of owner Percentage ownership
1 Stanbic Africa Holdings Limited 8000
2 National Social Security Fund Uganda 215
3 Duet Africa Opportunities Master Fund 115
4 Sudhir Ruparelia 065
5 Kuwait Investment Authority 048
6 SBC Mauritius Re Africa Opportunity Fund LP 048
7 Central Bank of Kenya Pension Fund 045
8 Duet Gamla LIV Africa Opportunities Fund 043
9 Ibrahim Kironde Kabanda 040
10 Frontura Global Frontier Fund LLC 039
11 Others 1342
Total 1000

Governance

Japheth Katto is chairman of the board Patrick Mweheire is the managing director

Branch network

As of November 2016, SBU had a branch network of over 100 branches in all four regions of the country Its network was the largest of all commercial banks in Uganda At that time, it maintained 193 networked automated teller machines Listed below were some of the branches of the bank:

  1. Abim Branch – Abim
  2. Adjumani Branch – Adjumani
  3. Apac Branch – Apac
  4. Aponye Mall Branch - Aponye Mall, Kampala
  5. Arua Branch – Arua
  6. Buliisa Branch – Buliisa
  7. Bundibugyo Branch Bundibugyo
  8. Busia Branch – Busia
  9. Bwamiramira Branch - Bwamiramira
  10. Bwera Branch - Bwera
  11. City Branch - Crested Towers, Kampala Main Branch
  12. Dokolo Branch - Dokolo
  13. Entebbe Airport Branch - Entebbe International Airport
  14. Entebbe Main Branch - Entebbe
  15. Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala
  16. Fort Portal Branch – Fort Portal
  17. Garden City Branch - Garden City Mall, Kampala
  18. Gulu Branch – Gulu
  19. Hoima Branch - Hoima
  20. Ibanda Branch - Ibanda
  21. Iganga Branch - Iganga
  22. Inland Revenue Branch - Kampala
  23. IPS Building Branch - Kampala
  24. Isingiro Branch - Isingiro
  25. Ishaka Branch - Ishaka
  26. Jinja Branch - Jinja
  27. Kaabong Branch - Kaabong
  28. Kalangala Branch - Kalangala
  29. Kabale Branch - Kabale
  30. Kabwohe Branch - Kabwohe
  31. Kagadi Branch - Kagadi
  32. Kakira Branch - Kakira
  33. Kamuli Branch - Kamuli
  34. Kapchorwa Branch - Kapchorwa
  35. Kasese Branch - Kasese
  36. Katakwi Branch - Katakwi
  37. Kayunga Branch - Kayunga
  38. Kiboga Branch - Kiboga
  39. Kigumba Branch - Kigumba
  40. Kihihi Branch - Kihihi
  41. Kinyara Branch - Kinyara
  42. Kireka Branch - Kireka
  43. Kisoro Branch - Kisoro
  44. Kitgum Branch - Kitgum
  45. Koboko Branch - Koboko
  46. Kotido Branch - Kotido
  47. Kumi Branch - Kumi
  48. Kyambogo Branch - Kyambogo
  49. Kyenjojo Branch - Kyenjojo
  50. Kyotera Branch - Kyotera
  51. Lira Branch - Lira
  52. Lugazi Branch - Lugazi
  53. Lugogo Branch - Lugogo Mall, Kampala
  54. Luweero Branch - Luweero
  55. Lyantonde Branch - Lyantonde
  56. Magoba Branch - Nakivubo, Kampala
  57. Malaba Branch - Malaba
  58. Makerere University Branch - Makerere University
  59. Masaka Branch - Masaka
  60. Masindi Branch - Masindi
  61. Mayuge Branch - Mayuge
  62. Mbale Branch - Mbale
  63. Mbarara Branch - Mbarara
  64. Mityana Branch - Mityana
  65. Moroto Branch - Moroto
  66. Moyo Branch - Moyo
  67. Mpigi Branch - Mpigi
  68. Mubende Branch - Mubende
  69. Mukono Branch - Mukono
  70. Mulago Branch - Mulago
  71. Mutukula Branch - Mutukula
  72. Nakasero Branch - Nakasero Road, Kampala
  73. Nakawa Branch - Nakawa
  74. Nakivubo Branch - Nakivubo, Kampala
  75. Nateete Branch - Nateete, Kampala
  76. Nebbi Branch - Nebbi
  77. Ntagule Plaza Branch - Ben Kiwanuka Street, Kampala
  78. Ntinda Branch - Ntinda
  79. Ntungamo Branch - Ntungamo
  80. Oyam Branch - Oyam
  81. Pader Branch - Pader
  82. Pallisa Branch - Pallisa
  83. Pakwach Branch - Pakwach
  84. Rukungiri Branch - Rukungiri
  85. Rushere Branch - Rushere
  86. Sembabule Branch - Sembabule
  87. Soroti Branch - Soroti
  88. Sironko Branch - Sironko
  89. Tororo Branch - Tororo
  90. Wandegeya Branch - Wandegeya
  91. William Street Branch - William Street, Kampala
  92. Wobulenzi Branch - Wobulenzi
  93. Yumbe Branch - Yumbe

See also

  • Standard Bank of South Africa
  • Banking in Uganda
  • Economy of Uganda
  • List of banks in Uganda
  • List of tallest buildings in Kampala

References

  1. ^ Gachiri, John 6 January 2015 "Ugandan Finally Takes Over From Kenyan At Stanbic Uganda" Business Daily Africa Nairobi Retrieved 7 January 2015 
  2. ^ a b c Eronie kamukama, and Jonathan Adengo 29 March 2018 "Stanbic records Shs200 billion profit" Daily Monitor Kampala Retrieved 29 March 2018 
  3. ^ Stanbic Bank Uganda 31 December 2016 "Audited Financial Statements for the year ended 31 December 2016" PDF Kampala: Stanbic Bank Uganda Limited Retrieved 12 February 2018 
  4. ^ BOU June 2015 "List of Licensed Commercial Banks As At June 2015" PDF Kampala: Bank of Uganda BOU Retrieved 16 December 2015 
  5. ^ Wesonga, Nelson 5 July 2016 "Stanbic, NC banks lower lending rates, each by a percentage point" Daily Monitor Kampala Retrieved 5 July 2016 
  6. ^ TRC 13 October 2015 "Interview with Patrick Mweheire, CEO of Stanbic Bank Uganda" The Report Company TRC Retrieved 9 August 2016 
  7. ^ Naibuzz 20 May 2016 "The 8 Biggest Banks In Uganda" Nairobi: Naibuzzcom Retrieved 9 August 2016 
  8. ^ Jonathan Adengo, and Anthony Wesaka 4 March 2016 "Banks merge branches to cut costs" Daily Monitor Kampala Retrieved 9 August 2016 
  9. ^ USE 22 April 2016 "Uganda Securities Exchange: Listed Securities" Kampala: Uganda Securities Exchange USE Retrieved 22 April 2016 
  10. ^ a b c d SBUL 22 April 2016 "Stanbic Bank Uganda Limited: Company Overview" Kampala: Stanbic Bank Uganda Limited SBUL Retrieved 22 April 2016 
  11. ^ Lubega, Henry 1 March 2015 "The first bank in Uganda" Daily Monitor Kampala Retrieved 9 August 2016 
  12. ^ a b c SBSA 22 April 2016 "Standard Bank of South Africa: Our history in Africa" Johannesburgh: Standard Bank of South Africa SBSA Archived from the original on 28 May 2008 Retrieved 22 April 2016 
  13. ^ Kasemiire, Christine 30 October 2017 "Stanbic Bank gets first bancassurance licence" Daily Monitor Kampala Retrieved 30 October 2017 
  14. ^ Business News 17 October 2001 "Uganda's largest bank for sale" BBC News Retrieved 15 December 2016 
  15. ^ Herbling, David 16 April 2014 "Stanbic Bank Uganda raises dividend despite net profit drop" Business Daily Africa Nairobi Retrieved 15 December 2016 
  16. ^ Stanbic Bank Uganda 31 December 2016 "Audited Financial Statements for the year ended 31 December 2016" PDF Kampala: Stanbic Bank Uganda Limited Retrieved 12 February 2018 
  17. ^ Tumusiime, Abdulaziizi 8 January 2015 "Stanbic Gets Ugandan Boss" Daily Monitor Kampala Retrieved 8 January 2015 
  18. ^ SBUL 9 November 2016 "Stanbic Bank Uganda: Branch Locator" Kampala: Stanbic Bank Uganda Limited SBUL Retrieved 9 November 2016 
  19. ^ a b Anthony Wesaka, Jonathan Adengo 4 March 2016 "Banks merge branches to cut costs" Daily Monitor Kampala Retrieved 4 March 2016 
  20. ^ Mugerwa, Francis 9 November 2016 "Uganda: Bank to Offer Oil Financing" Daily Monitor via AllAfricacom Kampala Retrieved 9 November 2016 
  21. ^ Mugasha, Chris 3 April 2016 "Stanbic Bank closes Bushenyi branch" New Vision Kampala Retrieved 3 April 2016 

External links

  • Stanbic Bank half-year profit hits Shs107 billion - 11 August 2016
  • Stanbic’s New Boss Keen To Raise Customer Satisfaction
  • Uganda Securities Exchange
  • Standard Bank Group Website
  • Stanbic Bank Uganda Limited US$ 85,000,000 Syndicated Term Loan Facility


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