United Bank for Africa (Uganda)


United Bank for Africa (Uganda), wose complete name is United Bank for Africa Uganda Limited (UBA Uganda) is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[3] UBA Uganda is a 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. The stock of UBA Transnational trades on thE Nigeria Stock Exchange under the symbol UBA.[4]

United Bank for Africa (Uganda)
Subsidiary of United Bank for Africa
IndustryFinancial services
Founded2008 (2008)
HeadquartersPlot. 2, Jinja Road, Kampala, Uganda
Key people
Maria Kiwanuka
Chairperson
Johnson Agoreyo
CEO[1]
ProductsInternet banking

Mobile banking Wholesale Banking Corporate banking Investment Banking Consumer Banking Money Transfer Debit Cards Collections Treasury Trade Savings Accounts

Current Accounts
Revenue After Tax: UGX:4.9 Billion (US$1.3 Million) (2018)[1]
Total assetsUGX:449.2 billion (2019)[2]
Number of employees
150+ (2008)
ParentUnited Bank for Africa
Websitewww.ubauganda.com

Location

The headquarters of UBA Uganda are located at Plot 2, Jinja Road, in the central business district of Kampala, the capital and largest city in Uganda.[5] The geographical coordinates of the bank's headquarters are:00°18'49.0"N, 32°35'17.0"E (Latitude:0.313611; Longitude:32.588056).[6]

Overview

UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of December 2019, UBA Uganda's total assets were UGX:449.2 billion (approx. US$120 million).[2] At that time, shareholders equity was approximately US$14 million.[7]

History

UBA Uganda commenced operations in May 2008, starting with the opening of the main branch on the Kampala-Jinja Highway in Kampala. The Nigeria-based parent company, United Bank for Africa, started operations in Uganda with a capital base of US$12 million. It was a greenfield start-up.[8]

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 80 kilometres (50 mi) east of Kampala, and the other in Mbale, a city located about 225 kilometres (140 mi), by road, north-east of the capital.[9]

Ownership

UBA Bank Uganda is a 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.[10] The table below illustrates the shareholding in the stock of UBA Bank Uganda, as of December 2019.[7]


United Bank for Africa (Uganda) Stock Ownership
RankName of OwnerPercentage Ownership
1United Bank for Africa Plc69.0
2Other investors31.0
Total100.0

Branch network

As of May 2018, UBA Uganda maintained branches at the following locations:[11]

  1. Jinja Road Branch: Plot. 2 Jinja Road, Kampala Main Branch
  2. Prestige Branch/Corporate Branch: Plot. 2 Jinja Road, Kampala
  3. William Street Branch: 17B William Street, Kampala
  4. Kansanga Branch: Plot. 5277, Block 244, Kansanga, Kampala
  5. Kikuubo Branch: Downtown, near Senana Supermarket, Kampala
  6. Makerere University Branch: Makerere University Campus, Kampala
  7. Bugema University Branch: Bugema University Campus, Bugema, Luweero District
  8. Jinja Branch: 5 Lady Alice Muloki Road, Jinja
  9. Mbale Branch: 1-3 Manafwa Road, Mbale
  10. Fort Portal Branch: 8 Ruhandika Street, Fort Portal
  11. Mbarara Branch: 94 High Street, Mbarara
  12. UBA RedShop: Kampala Post Office, Plot. 35 Kampala Road, Kampala.[12]

See also

References
  1. Muhereza Kyamutetera (9 April 2019). "UBA Banks Johnson Agoreyo Leads Bank Into Third Straight Year of Profit Sealing An End To An 8-Year Profit Dry Spell". Kampala: CEO Magazine Uganda. Retrieved 18 May 2020.
  2. UBA Uganda (18 May 2020). "UBA Uganda Financials 31 December 2019". Kampala: UBA Uganda. Retrieved 18 May 2020.
  3. Bank of Uganda (18 May 2020). "List of Licensed and Supervised Commercial Banks In Uganda, As of May 2019" (PDF). Kampala: Bank of Uganda. Retrieved 18 May 2020.
  4. NM Partners (17 April 2018). "UBA Meets NSE's stringent corporate governance conditions, lists on NSE Premium Board". Lagos, Nigeria: Nairametrics.com. Retrieved 18 May 2020.
  5. UBA Uganda (18 May 2020). "UBA Uganda Headquarters". Kampala: UBA Uganda. Retrieved 18 May 2020.
  6. Google (18 May 2020). "Location of headquarters of UBA Uganda" (Map). Google Maps. Google. Retrieved 18 May 2020.
  7. United Bank for Africa (March 2020). "UBA Plc Annual Report For The Period Ended 31 December 2019" (PDF). Lagos, Nigeria: United Bank for Africa. p. 117. Retrieved 18 May 2020.
  8. Ronald Kabuubi (20 November 2008). "United Bank of Africa invests $12m" (Archived from the original on 3 May 2014). New Vision. Kampala. Retrieved 18 May 2020.
  9. Mark Owor (23 December 2008). "United Bank of Africa goes to Mbale". New Vision. Kampala. Retrieved 18 May 2020.
  10. United Bank for Africa (2014). "UBA Plc Has Banking Subsidiaries In Over Twenty African Countries". United Bank for Africa. Retrieved 2 May 2014.
  11. SoftPower (30 May 2018). "UBA Moves To Dominate Banking Industry". Kampala: SoftPower Uganda. Retrieved 18 May 2020.
  12. Flash Uganda News (21 August 2019). "Red Shop Agent Banking: Everything you need to know about UBA's shared agent banking system". Kampala: Flash Uganda News. Retrieved 18 May 2020.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.