Tropical Bank


Tropical Bank is a commercial bank in Uganda It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator

Contents

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

Overview

As of December 2015, Tropical Bank was a small financial services provider in Uganda The bank's assets at that time were UGX:25678 billion, with shareholders' equity of UGX:5723 billion

History

The bank was established in 1973 as the Arab Libyan Bank for Foreign Trade & Development In 1994, the name was changed to Tropical Africa Bank Limited In 2006, the bank re-branded to Tropical Bank

Ownership

997 percent of the share capital of Tropical Bank is owned by the Libyan government through the Libyan Foreign Bank The remaining 03 percent is owned by the government of Uganda through the Ministry of Finance & Economic Development

Governance

Tropical Bank is governed by a six-person board of directors, of whom two are executive directors and four are non-executive Gerald Sendawula, one of the non-executive directors, is the chairman of the board Sameh Mahmoud Krekshi is the managing director Three other managers assist him in running the bank

Branch network

As of May 2014, Tropical Bank had a network of branches in the central and eastern regions of Uganda The bank's plans to open branches in neighboring countries in East Africa have been postponed

  1. Kampala Road Branch - 27 Kampala Road, Kampala Main Branch
  2. Nakivubo Branch - 34-38 Nakivubo Road, Kampala
  3. Ntinda Branch - 1 Kimera Road, Ntinda, Kampala
  4. Jinja Branch - 17 Main Street, Jinja
  5. Masaka Branch - 2 Birch Avenue, Masaka
  6. Kansanga Branch - 5277 Ggaba Road, Kansanga, Kampala
  7. Kawempe Branch - 3144 Kampala-Gulu Road, Kawempe, Kampala
  8. Oasis Mall Branch - Yusuf Lule Road, Kampala
  9. Kakira Branch - Downtown Area, Kakira
  10. Katwe Branch - Muganzirwazza Shopping Mall, Muteesa I Road, Katwe, Kampala
  11. Kaliro Branch - 45 Zibondo Road, Kaliro
  12. Mbale Branch - 37 Republic Road, Mbale
  13. Lugogo Bypass Branch - Lugogo Office Park, 54 Lugogo Bypass, Kampala], Head Office

See also

  • List of banks in Uganda
  • Banking in Uganda

References

  1. ^ a b Tropical Bank 23 August 2016 "Members of Tropical Bank Executive Management Team" Kampala: Tropical Bank Retrieved 23 August 2016 
  2. ^ a b c Tropical Bank 29 April 2016 "Tropical Bank Limited: Annual Report And Financial Statements for Year Ending 31 December 2015" PDF Kampala: Tropical Bank 
  3. ^ Bank of Uganda 31 March 2016 "Bank of Uanda: List of Licensed Commercial Banks As At March 2016" PDF Kampala: Bank of Uganda Retrieved 23 August 2016 
  4. ^ "About Tropical Bank" Tropical Bank Retrieved 4 May 2014 
  5. ^ Sanya, Samuel 6 March 2012 "Uganda Returns Tropical Bank To Libyan Control" New Vision Kampala Retrieved 4 May 2014 
  6. ^ Ojambo, Fred 13 August 2008 "Tropical Bank of Uganda To Start Operations In Kenya In 2010" Bloomberg News Retrieved 4 May 2014 
  7. ^ "List of Tropical Bank Branches" Tropical Bank Retrieved 4 May 2014 
  8. ^ Ntaratambi, Sheba; Mukasa, Henry 2 April 2011 "Uganda: Tropical Bank Assures Public On Deposits" New Vision via AllAfricacom Retrieved 4 May 2014 
  9. ^ TB 2014 "Tropical Bank Headquarters Gets New Home" Tropical Bank TB Retrieved 19 June 2015 

External links

  • Tropical Bank Website
  • Photo of Tropical Bank Headquarters
  • Tropical Bank Total Assets In December 2011


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