Exim Bank (Uganda)

Exim Bank (Uganda)
Private
Industry Financial Services
Founded 2011
Headquarters 6 Hannington Road
Kampala, Uganda
Key people
 Sarah Nanziri Bagalaaliwo
Chairperson
Mr. Sabhapathy Krishnan Triplicane
CEO
Raj Banerjee
Deputy CEO[1]
Products Home loans, personal loans, vehicle loans, investments, checking and savings accounts, debit cards, bid bonds and others.
Revenue DecreaseAftertax:US$764,100 (UGX:1.97 billion) (2013)
Total assets US$100 million (2016)[2]
Number of employees
 100+ (2016)[3]
Parent Exim Bank (Tanzania)
Website Homepage

Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda (BOU), the central bank and national banking regulator.[4] EBU is a subsidiary of Exim Bank Tanzania, which also has subsidiaries in Tanzania, Comoros, and Djibouti.

Overview

This bank provides services to both individuals and corporate clients. As of March 2016, the bank's total assets were valued at approximately US$100 million, with about 100 members of staff.[2] EBU is a subsidiary of Exim Bank (Tanzania), a large Tanzanian financial services company with subsidiaries in Tanzania, Comoros, Djibouti, and Uganda.[5]

History

Exim Bank Uganda was established in 2011 as Imperial Bank Uganda[6] by two major investors, Mukwano Group, a diversified Ugandan business and manufacturing conglomerate, and Imperial Bank Kenya,[7] a medium-sized financial services provider, based in Nairobi, Kenya.[8]

On 13 October 2015, following the death of the Imperial Bank Group's managing director, the Central Bank of Kenya placed Imperial Bank Kenya under statutory management due to "unsafe and unsound business conditions to transact business" at the parent company. BOU took over Imperial Bank Uganda the same day.[9][10] BOU promptly put the Imperial Bank Group's shareholding on sale.[11] On 7 March 2016, Exim Bank (Tanzania) acquired the ownership interest that Imperial Bank Kenya formerly had in this bank and re-branded it to Exim Bank (Uganda).[5]

Ownership

The stock of the bank is privately held. The detailed shareholding in Exim Bank (Uganda) as of March 2016 is depicted in the table below:[12][13]

Exim Bank (Uganda) Stock Ownership
RankName of OwnerPercentage Ownership
1Exim Bank of Tanzania58.6
2Amazal Holdings Limited of Uganda36.5
3Export Finance Limited of Uganda4.9
Total100.00

Branch network

As of August 2018, the locations of the bank's branches included the following:[14]

  1. Main Branch - 6 Hannington Road, Kampala
  2. Kyaggwe Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road, Kampala
  3. Kikuubo Branch - 24 Kikuubo Lane, Kampala
  4. Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo, Kampala

Governance

The Chairperson of the EBU Board is Mrs. Sarah Nanziri Bagalaaliwo, a non-Executive Director. The Chief Executive Officer is Mr. Sabhapathy T. Krishnan, who is a non-shareholder.

Type Private
Industry Financial Services
Founded 2011
Headquarters 6 Hannington Road

Kampala, Uganda

Key people Sarah Nanziri Bagalaaliwo - Chairperson

Sabhapathy T. Krishnan - CEO[1]

Products Home loans, personal loans, vehicle loans, investments,  checking and savings accounts, bid bonds, debit and credit cards, and others.
Revenue Aftertax:US$764,100 (UGX:1.97 billion) (2013)
Total assets US$100 million (2016)[2]
Number of employees 100+ (2016)[3]
Parent Exim Bank (Tanzania)
Website Homepage

See also

References

  1. ↑ Independent Reporter (7 March 2016). "Exim Bank takes over Imperial Bank". The Independent (Uganda). Kampala. Retrieved 7 March 2016.
  2. 1 2 The Citizen Reporter (9 March 2016). "Exim Bank happy with Uganda deal". The Citizen (Tanzania). Dar es Salaam. Retrieved 18 May 2018.
  3. ↑ Press Release (7 March 2016). "Exim Bank now in 'Uganda'". Dar es Salaam: Exim Bank. Retrieved 7 March 2016.
  4. ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
  5. 1 2 Oketch, Martin Luther (7 March 2016). "Exim Bank Tanzania takes over Imperial Bank Uganda". Daily Monitor. Kampala. Retrieved 7 March 2016.
  6. ↑ Nantaba, Eriosi (7 February 2011). "Imperial Bank Set To Open In Uganda". East Africa Business Week (Kampala) via Archive.today. Archived from the original on 8 July 2011. Retrieved 4 May 2014.
  7. ↑ Khisa, Isaac (4 February 2014). "Kenya bank joins Uganda market". Daily Monitor. Kampala. Retrieved 7 March 2016.
  8. ↑ IBKL (2014). "Audited 31 December 2013 Financial Statement" (PDF). Imperial Bank Kenya Limited (IBKL). Retrieved 21 August 2014.
  9. ↑ George Ngigi, and Brian Ngugi (13 October 2015). "Central Bank of Kenya puts Imperial Bank under statutory management". Daily Nation. Nairobi. Retrieved 7 March 2016.
  10. ↑ Monitor Reporter (13 October 2015). "Bank Of Uganda takes over operations of Imperial Bank". Daily Monitor. Kampala. Retrieved 7 March 2016.
  11. ↑ Irungu, Geoffrey (22 October 2015). "Uganda puts Imperial Bank's stake in Kampala unit on sale". Business Daily Africa. Nairobi. Retrieved 7 March 2016.
  12. ↑ Sanya, Samuel (7 March 2016). "Tanzania's Exim Bank takes over Imperial Bank Uganda". New Vision. Kampala. Retrieved 7 March 2016.
  13. ↑ Coutinho, Brian (12 March 2016). "Uganda: Tanzanian Bank Goes After Ugandan Clients". East African Business Week. Kampala. Retrieved 14 March 2016.
  14. ↑ "Branch Network". Exim Bank Uganda. Archived from the original on 3 May 2014. Retrieved 3 October 2018.
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