Suvarna Garge

ABC Bank (Uganda)

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Type  Private
Headquarters  Kampala
Number of employees  44 (2012)
Industry  Financial services
Founded  1993
ABC Bank (Uganda)
Key people  James Wilson Muwanga chairman Pooran Chand Kukreja chief executive officer
Products  Loans, savings, checking, investments
Revenue  Aftertax: UGX:996.8 million (2015)
Total assets  UGX:49.6 billion (2015)

ABC Bank (Uganda), whose full name is ABC Capital Bank Uganda Limited, is a commercial bank in Uganda and licensed by the Bank of Uganda, the central bank and national banking regulator.

Contents

Overview

The bank provides banking services to large corporations, small-to-medium-sized businesses (SMEs), as well as individuals. As of December 2015, the bank's total assets were valued at about UGX:49.6 billion, with shareholders' equity of about UGX:28.61 billion.

History

ABC Capital Bank was founded in 1992 as Capital Finance Corporation Limited (CFCL), a Tier III Ugandan Financial Institution, under the licensure and supervision of the Bank of Uganda. In 1999, CFCL established a wholly owned subsidiary, CFC Forex Bureau. In 2008, CFCL signed a memorandum of understanding with ABC Bank (Kenya), identifying the Kenyan institution as a strategic investor in CFCL in the latter's efforts to transform into a commercial bank. On 26 February 2010, following the acquisition of a commercial banking license from the Bank of Uganda, CFCL rebranded as ABC Capital Bank.

Ownership

ABC Bank (Kenya) is an investor in ABC Bank (Uganda). As of July 2016, the shareholding in ABC Capital Bank, is summarized in the table below:

Branch network

As of July 2016, ABC Bank (Uganda) maintained networked branches at the following locations:

  1. Main Branch - Colline House, 4C Pilkington Road, Kampala
  2. Luwum Street Branch - Pioneer Mansion, 11 Luwum Street, Kampala
  3. Kikuubo Branch - Fami Plaza, 21 Nakivubo Road, Kampala
  4. Arua Park Branch - Arua Park Mall, 5 Wilson Road, Kampala

References

ABC Bank (Uganda) Wikipedia


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