Type Private Number of employees 568 (2014) | Founded 1912 | |
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Key people Robin KibuukachairmanHerman Kasekendemanaging director Products Loans, checking, savings, investments, debit cards Revenue Aftertax: UGX:28 billion (2015) Total assets UGX:2.68 trillion (2015) Parent organizations Standard Chartered, Standard Chartered Bank | ||
Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.
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Overview
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2015, it was the second largest commercial bank in Uganda by assets, with an estimated asset base of UGX:2.68 trillion, behind Stanbic Bank. As of December 2012, shareholders' equity stood at UGX:372 billion. As of June 2013, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.
History
Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding.
In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of November 2013, Stanchart Uganda had 13 branches and 32 automated teller machines and employed over 600 people.
Ownership
Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom.
Branch network
As of June 2014, the bank had a network of interconnected branches at the following locations, arranged alphabetically:
- Acacia Branch - Acacia Shopping Mall, Kololo, Kampala
- City Branch - 9 William Street, Kampala
- Freedom City Branch - Freedom City Mall, 4010 Entebbe Road, Namasuba
- Garden City Branch - Garden City Shopping Mall, 64 - 84 Yusuf Lule Road, Kampala
- Gulu Branch - 3 Andrea Ola Road, Gulu
- Jinja Branch - 2-4 Grant Road, Jinja
- Kikuubo Branch - Kikuubo Lane, Kampala
- Lugogo Branch - Forest Mall, 2-8 Lugogo Bypass Road, Kampala
- Mbale Branch - 37 Republic Street, Mbale
- Mbarara Branch - 24 High Street, Mbarara
- Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala (Specializes in mortgage products)
- Naalya Branch - Shop #83, Metroplex Mall, 103 Kampala Northern Bypass, Naalya
- Ndeeba Branch - 1156 Masterwood Plaza, Ndeeba
- Speke Road Branch - 5 Speke Road, Kampala Head Office
Governance
The chairman of the board of directors is Robin Kibuuka. The managing director is Herman Kasekende, a native of Uganda, who has been serving as the regional head of small and medium enterprises products and solutions at Standard Chartered Group's regional headquarters in Nairobi, Kenya.