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United Bank for Africa (Uganda)


United Bank for Africa Uganda UBA-Uganda is a commercial bank in Uganda It is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator

UBA-Uganda is a commercial bank that focuses on the individual customer, small and medium enterprises SMEs, and large corporations The Nigeria-based parent company, United Bank for Africa, started operations in Uganda with a capital base of US$12 million The bank's entry into the Ugandan market along with other regional heavyweights, including Kenya Commercial Bank and Ecobank Transnational, energized the country's financial sector and increased competition, resulting in improved customer service across the board

As of December 2011, UBA-Uganda's total assets were NGN:151 billion

Contents

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

History

UBA-Uganda commenced operations in May 2008, starting with the opening of the main branch on the Kampala-Jinja Highway in Kampala, Uganda's capital and largest city Within the first six months, the bank established four branches within Kampala and its suburbs During the following six months, UBA-Uganda added two upcountry branches, one in Jinja, about 86 kilometres 53 mi east of Kampala, and the other in Mbale, a city located about 200 kilometres 120 mi, by road, north-east of the capital

Ownership

UBA-Uganda is a wholly owned subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria and with a presence in twenty African countries and the United Kingdom, France, and the United States

Branch network

As of May 2014, the UBA-Uganda maintained branches at the following locations:

  1. Spear House Branch - Spear House, 22 Jinja Road, Kampala Main Branch
  2. Prestige Branch - Spear House, 22 Jinja Road, Kampala
  3. William Street Branch - 17B William Street, Kampala
  4. Kansanga Branch - 2577 Ggaba Road, Block 244, Kansanga, Kampala
  5. Jinja Branch - 5 Lady Alice Muloki Road, Jinja
  6. Mbale Branch - 1-3 Manafwa Road, Mbale
  7. Fort Portal Branch - 8 Ruhandika Street, Fort Portal
  8. Mbarara Branch - 94 High Street, Mbarara
  9. Makarere University Branch,

See also

  • Banking in Uganda
  • List of banks in Uganda

References

  1. ^ Newvision, Archive 19 June 2011 "United Bank for Africa To Get New Managing Director" New Vision Retrieved 2 May 2014 
  2. ^ Newvision, Archive 19 June 2011 "Margaret Mwanakatwe Promoted to Director of Aglophone Africa Business At UBA Plc" New Vision Retrieved 2 May 2014 
  3. ^ a b UBA 31 December 2016 "31 December 2011 UBA Group Financial Report: Condensed Result of Consolidated Subsidiaries" PDF United Bank for Africa p 214 Retrieved 4 May 2017 
  4. ^ BOU June 2015 "List of Licensed Commercial Banks As At June 2015" PDF Kampala: Bank of Uganda Retrieved 18 December 2015 
  5. ^ Kabuubi, Ronald 20 November 2008 "United Bank of Africa Invests US$12 Million" New Vision Retrieved 2 May 2014 
  6. ^ Editor, 2 24 February 2014 "Is There Space For More Banks In Uganda" Summit Business Review Retrieved 2 May 2014 
  7. ^ Owor, Mark 23 December 2008 "United Bank of Africa Goes To Mbale" New Vision Retrieved 2 May 2014 
  8. ^ UBA 2014 "UBA Plc Has Banking Subsidiaries In Over Twenty African Countries" UBA Retrieved 2 May 2014 
  9. ^ "List of UBA Branches In Uganda" UBA Retrieved 2 May 2014 

External links

  • Commercial Banks in Uganda
  • UBA - Two years down the road


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