Stanbic Bank Uganda Limited
Public | |
Traded as | USE: SBU |
Industry | Financial services |
Founded | 1906 |
Headquarters | Kampala, Uganda |
Key people |
Patrick Mweheire[1] managing director and chief executive officer |
Products | Loans, savings, investments, debit cards, credit cards, mortgages |
Revenue |
|
Total assets | Shs5.4 trillion (US$1.46 billion) (2017)[2][3] |
Number of employees | 1,802 (2016)[4] |
Website |
www |
Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator.[5]
Overview
SBU is the largest commercial bank in the country, by assets.[6][7][8][9] As of 31 December 2017, the bank's total assets were valued at USh5.4 trillion (US$1.46 billion).[2][3] In June 2018, Fitch Rating Agency gave Stanbic Bank Uganda a AAA rating with a Stable outlook.[10]
Group
SBU is listed on the Uganda Securities Exchange (USE), where it trades under the symbol SBU.[11] 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.[12]
History
The bank was founded in Uganda as the National Bank of India in 1906.[13] 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.[12][14]
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.[12][14] 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.[15]
In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches.[16] 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.[12] 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.[14][17]
Ownership
As of December 2016, the ownership of SBU stock, was as depicted in the table below:[18]
Rank | Name of owner | Percentage ownership |
---|---|---|
1 | Stanbic Africa Holdings Limited | 80.00 |
2 | National Social Security Fund (Uganda) | 2.15 |
3 | Duet Africa Opportunities Master Fund | 1.15 |
4 | Sudhir Ruparelia | 0.65 |
5 | Kuwait Investment Authority | 0.48 |
6 | SBC Mauritius Re Africa Opportunity Fund LP | 0.48 |
7 | Central Bank of Kenya Pension Fund | 0.45 |
8 | Duet Gamla LIV Africa Opportunities Fund | 0.43 |
9 | Ibrahim Kironde Kabanda | 0.40 |
10 | Frontura Global Frontier Fund LLC | 0.39 |
11 | Others | 13.42 |
Total | 100.0 | |
Governance
Japheth Katto is chairman of the board. Patrick Mweheire is the managing director.[19]
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:[20]
- Abim Branch – Abim
- Adjumani Branch – Adjumani
- Apac Branch – Apac
- Aponye Mall Branch - Aponye Mall, Kampala[21]
- Arua Branch – Arua
- Buliisa Branch – Buliisa
- Bundibugyo Branch Bundibugyo
- Busia Branch – Busia
- Bwamiramira Branch - Bwamiramira
- Bwera Branch - Bwera
- City Branch - Crested Towers, Kampala Main Branch
- Dokolo Branch - Dokolo
- Entebbe Airport Branch - Entebbe International Airport
- Entebbe Main Branch - Entebbe
- Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala
- Fort Portal Branch – Fort Portal
- Garden City Branch - Garden City Mall, Kampala
- Gulu Branch – Gulu
- Hoima Branch - Hoima[22]
- Ibanda Branch - Ibanda
- Iganga Branch - Iganga
- Inland Revenue Branch - Kampala
- IPS Building Branch - Kampala
- Isingiro Branch - Isingiro
- Ishaka Branch - Ishaka[21][23]
- Jinja Branch - Jinja
- Kaabong Branch - Kaabong
- Kalangala Branch - Kalangala
- Kabale Branch - Kabale
- Kabwohe Branch - Kabwohe
- Kagadi Branch - Kagadi
- Kakira Branch - Kakira
- Kamuli Branch - Kamuli
- Kapchorwa Branch - Kapchorwa
- Kasese Branch - Kasese
- Katakwi Branch - Katakwi
- Kayunga Branch - Kayunga
- Kiboga Branch - Kiboga
- Kigumba Branch - Kigumba
- Kihihi Branch - Kihihi
- Kinyara Branch - Kinyara
- Kireka Branch - Kireka
- Kisoro Branch - Kisoro
- Kitgum Branch - Kitgum
- Koboko Branch - Koboko
- Kotido Branch - Kotido
- Kumi Branch - Kumi
- Kyambogo Branch - Kyambogo
- Kyenjojo Branch - Kyenjojo
- Kyotera Branch - Kyotera
- Lira Branch - Lira
- Lugazi Branch - Lugazi
- Lugogo Branch - Lugogo Mall, Kampala
- Luweero Branch - Luweero
- Lyantonde Branch - Lyantonde
- Magoba Branch - Nakivubo, Kampala
- Malaba Branch - Malaba
- Makerere University Branch - Makerere University
- Masaka Branch - Masaka
- Masindi Branch - Masindi
- Mayuge Branch - Mayuge
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
- Mityana Branch - Mityana
- Moroto Branch - Moroto
- Moyo Branch - Moyo
- Mpigi Branch - Mpigi
- Mubende Branch - Mubende
- Mukono Branch - Mukono
- Mulago Branch - Mulago
- Mutukula Branch - Mutukula
- Nakasero Branch - Nakasero Road, Kampala
- Nakawa Branch - Nakawa
- Nakivubo Branch - Nakivubo, Kampala
- Nateete Branch - Nateete, Kampala
- Nebbi Branch - Nebbi
- Ntagule Plaza Branch - Ben Kiwanuka Street, Kampala
- Ntinda Branch - Ntinda
- Ntungamo Branch - Ntungamo
- Oyam Branch - Oyam
- Pader Branch - Pader
- Pallisa Branch - Pallisa
- Pakwach Branch - Pakwach
- Rukungiri Branch - Rukungiri
- Rushere Branch - Rushere
- Sembabule Branch - Sembabule
- Soroti Branch - Soroti
- Sironko Branch - Sironko
- Tororo Branch - Tororo
- Wandegeya Branch - Wandegeya
- William Street Branch - William Street, Kampala
- Wobulenzi Branch - Wobulenzi
- Yumbe Branch - Yumbe
See also
References
- ↑ Gachiri, John (6 January 2015). "Ugandan Finally Takes Over From Kenyan At Stanbic Uganda". Business Daily Africa (Nairobi). Retrieved 7 January 2015.
- 1 2 3 Eronie kamukama, and Jonathan Adengo (29 March 2018). "Stanbic records Shs200 billion profit". Daily Monitor. Kampala. Retrieved 29 March 2018.
- 1 2 3 Busuulwa, Bernard (1 April 2018). "Day Stanbic Bank Uganda delivered earnings surprise". The EastAfrican. Nairobi. Retrieved 3 April 2018.
- ↑ 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.
- ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 16 December 2015.
- ↑ Wesonga, Nelson (5 July 2016). "Stanbic, NC banks lower lending rates, each by a percentage point". Daily Monitor. Kampala. Retrieved 5 July 2016.
- ↑ TRC (13 October 2015). "Interview with Patrick Mweheire, CEO of Stanbic Bank Uganda". The Report Company (TRC). Retrieved 9 August 2016.
- ↑ Naibuzz (20 May 2016). "The 8 Biggest Banks In Uganda". Nairobi: Naibuzz.com. Retrieved 9 August 2016.
- ↑ Jonathan Adengo, and Anthony Wesaka (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 9 August 2016.
- ↑ Martin Luther Oketch (18 June 2018). "Fitch Assigns Stanbic Bank Uganda Stable Outlook". Daily Monitor. Kampala. Retrieved 18 June 2018.
- ↑ USE (22 April 2016). "Uganda Securities Exchange: Listed Securities". Kampala: Uganda Securities Exchange (USE). Retrieved 22 April 2016.
- 1 2 3 4 SBUL (22 April 2016). "Stanbic Bank Uganda Limited: Company Overview". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 22 April 2016.
- ↑ Lubega, Henry (1 March 2015). "The first bank in Uganda". Daily Monitor. Kampala. Retrieved 9 August 2016.
- 1 2 3 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.
- ↑ Kasemiire, Christine (30 October 2017). "Stanbic Bank gets first bancassurance licence". Daily Monitor. Kampala. Retrieved 30 October 2017.
- ↑ Business News (17 October 2001). "Uganda's largest bank for sale". BBC News. Retrieved 15 December 2016.
- ↑ Herbling, David (16 April 2014). "Stanbic Bank Uganda raises dividend despite net profit drop". Business Daily Africa. Nairobi. Retrieved 15 December 2016.
- ↑ 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.
- ↑ Tumusiime, Abdulaziizi (8 January 2015). "Stanbic Gets Ugandan Boss". Daily Monitor. Kampala. Retrieved 8 January 2015.
- ↑ SBUL (9 November 2016). "Stanbic Bank Uganda: Branch Locator". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 9 November 2016.
- 1 2 Anthony Wesaka, Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016.
- ↑ Mugerwa, Francis (9 November 2016). "Uganda: Bank to Offer Oil Financing". Daily Monitor via AllAfrica.com. Kampala. Retrieved 9 November 2016.
- ↑ Mugasha, Chris (3 April 2016). "Stanbic Bank closes Bushenyi branch". New Vision. Kampala. Retrieved 3 April 2016.