Standard Chartered Uganda

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Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.

Video Standard Chartered Uganda

Overview

Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2015, it was the second largest commercial bank in Uganda by assets, with an estimated asset base of UGX:2.68 trillion, behind Stanbic Bank. As of December 2012, shareholders' equity stood at UGX:372 billion. As of June 2013, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.

Maps Standard Chartered Uganda

History

Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding.

In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of November 2013, Stanchart Uganda had 13 branches and 32 automated teller machines and employed over 600 people.

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Ownership

Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom.

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Branch network

As of October 2017, the bank had a network of interconnected branches at the following locations, arranged alphabetically:

1. Acacia Branch - Acacia Shopping Mall, Kololo, Kampala
2. City Branch - 9 William Street, Kampala
3. Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
4. Garden City Branch - Garden City Shopping Mall, 64 - 84 Yusuf Lule Road, Kampala
5. Jinja Branch - 2-4 Grant Road, Jinja
6. Kikuubo Branch - Kikuubo Lane, Kampala
7. Lugogo Branch - Forest Mall, 2-8 Lugogo Bypass Road, Kampala
8. Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala (Specializes in mortgage products)
9. Speke Road Branch - 5 Speke Road, Kampala Head Office
10. Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala

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Governance

The chairman of the board of directors is Robin Kibuuka. The managing director is Herman Kasekende, a native of Uganda, who has been serving as the regional head of small and medium enterprises products and solutions at Standard Chartered Group's regional headquarters in Nairobi, Kenya.

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See also

• List of banks in Uganda
• Banking in Uganda
• Standard Chartered Kenya
• Standard Chartered Tanzania
• Standard Chartered Zambia
• Standard Chartered Zimbabwe
• Economy of Uganda
• James Mulwana

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References

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External links

• Standard Chartered Bank Uganda Homepage
• Bank of Uganda Website
• Interview With Lamin Manjang, Managing Director In April 2011
• Profile of Lamin Manjang, CEO Standard Chartered Uganda
• Ugandan Banks Likely To Record Low Growth This Year (2014), Says Report
• Overview of Standard Chartered Uganda In 2012
• 30 June 2011 Financial Data

Source of the article : Wikipedia