Type Private Headquarters Kampala Number of employees 333 (2012) | Industry Financial services Founded 1984 | |
 | ||
Key people John Caruthers,
chairman
Arthur Isiko,
managing director Products Loans, savings, investments, debit cards, credit cards, mortgages Revenue Aftertax:US$431,950+ (UGX:1.2 billion) (2014) Total assets UGX:497.6 billion (2014) Motto As strong as a group, As close as a partner Profiles | ||
Bank of Africa Uganda Limited, also BOA Uganda, whose complete name is, is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the country's central bank and the national banking regulator.
Contents
Overview
BOA Uganda is involved in all aspects of commercial banking with emphasis on provision of banking services to multinational companies, mid-size local enterprises, and small retail businesses. As of December 2014, BOA Uganda was a medium-sized financial services provider in Uganda, with a total asset base valued at about UGX:497.6 billion. As of 31 December 2012, the shareholders' equity amounted to about US$22 million (UGX:55.6 billion).
Bank of Africa Group
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries. The group also maintains an office in Paris, France. As of December 2011, the group employed more than 4,500 people in about 340 offices, in 15 countries, servicing nearly 1.2 million bank accounts.
History
BOA (Uganda) started its operations in 1984 as Sembule Investment Bank. In 1996, Sembule Investment Bank was purchased by Banque Belgolaise and the Netherlands Development Finance Company. The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold its shares to a group of investors that included the Bank of Africa (Kenya), Aureos East Africa Fund LLC, and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.
Ownership
The share ownership of BOA (Uganda), as of 31 December 2014, is summarized in the table below:
Source:
Management team
John Caruthers is the chairman of the bank. In December 2010, Edigold Monday was appointed managing director of the bank. She became the first indigenous woman to rise to the level of managing director of a commercial bank in the history of Uganda. In April 2014, Monday resigned. Arthur Isiko was appointed to replace her.
Branch network
As of May 2015, the bank maintained a network of branches in all regions of the country. The bank's branches included the following locations, arranged alphabetically:
- Arua Branch - 19 Avenue Road, Arua
- Bbira Branch - Mityana Road, Bbira, Wakiso District
- Business Centre - 9 Kittante Road, Kampala
- Clive Road Branch - 18 Clive Road East, Jinja
- Entebbe Branch - 16 Kampala Road, Entebbe
- Equatoria Branch - 84-86 Ben Kiwanuka Street, Kampala
- Fort Portal Branch - 14 Bwamba Road, Fort Portal
- Gulu Branch - 11 Awere Road, Gulu
- Hoima Branch - 13 Wright Road, Hoima
- Jinja Main Branch - 1 Main Street, Jinja
- Kabalagala Branch - 559 Ggaba Road, Kabalagala, Kampala
- Kalongo Branch - 16 Patongo Road Kalongo
- Kampala Road Branch - 48 Kampala Road, Kampala
- Katwe Branch - Muganzirwazza Shopping Mall, Muteesa I Road, Katwe, Kampala
- Kawempe Branch - 125 Bombo Road, Kawempe, Kampala
- Kololo Branch - Kisementi, 9 Cooper Road, Kololo, Kampala
- Kampala Road Branch - 48 Kampala Road, Kampala
- Lira Branch - Town View Hotel, 1A Balla Road, Lira
- Luzira Branch - 1329-1330 Port Bell Road, Luzira, Kampala
- Main Branch - 45 Jinja Road, Kampala
- Masaka Branch - Masaka
- Mbale Branch - 26 Cathedral Avenue, Mbale
- Mbarara Branch - 1 Mbaguta Road, Mbarara
- Mukono Branch - 13 Kampala Road, Mukono
- Nakivubo Branch - Nabugabo Road, Kampala
- Nalukolongo Branch - Kobil Head Office, Wankulukuku Road, Nalukolongo, [lKampala
- Namasuba Branch - Freedom City Mall, 4010 Entebbe Road, Namasuba, Kampala
- Nansana Branch - 5390 Nansana Town Centre, Nansana
- Nateete Branch - 1-2 Old Masaka Road, Nateete, Kampala
- Ndeeba Branch - 1024 Masaka Road, Ndeeba
- Ntinda Branch - 7 Nakawa Road, Ntinda, Kampala
- Oasis Branch - Oasis Mall, 88-94 Yusuf Lule Road, Kampala
- Patongo Branch - 33 Dollo Road, Patongo
- Rubirizi Branch - Bamugaya House, Kasese Road, Rubirizi
- Rwenzori House Branch - Rwenzori House, 1 Lumumba Avenue, Nakasero, Kampala
- Taxi Park Branch - Mukwano Centre, 40-46 Ben Kiwanuka Street, Kampala
- Wandegeya Branch - KM Plaza, 18 Bombo Road, Wandegeya, Kampala