Type Private Founded 1973 | Motto Simple & Professional | |
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Key people Gerald SendaulachairmanKreshi Sameh Mahmudmanaging director & chief executive officer Products Loans, checking, savings, debit cards, investments, mortgages Revenue Aftertax: UGX:1.91 billion (2015) Total assets UGX:256.8 billion (2015) Profiles | ||
Tropical Bank is a commercial bank in Uganda. It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator.
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Overview
As of December 2015, Tropical Bank was a small financial services provider in Uganda. The bank's assets at that time were UGX:256.78 billion, with shareholders' equity of UGX:57.23 billion.
History
The bank was established in 1973 as the Arab Libyan Bank for Foreign Trade & Development. In 1994, the name was changed to Tropical Africa Bank Limited. In 2006, the bank re-branded to Tropical Bank.
Ownership
99.7 percent of the share capital of Tropical Bank is owned by the Libyan government through the Libyan Foreign Bank. The remaining 0.3 percent is owned by the government of Uganda through the Ministry of Finance & Economic Development.
Governance
Tropical Bank is governed by a six-person board of directors, of whom two are executive directors and four are non-executive. Gerald Sendawula, one of the non-executive directors, is the chairman of the board. Sameh Mahmoud Krekshi is the managing director. Three other managers assist him in running the bank.
Branch network
As of May 2014, Tropical Bank had a network of branches in the central and eastern regions of Uganda. The bank's plans to open branches in neighboring countries in East Africa have been postponed.
- Kampala Road Branch - 27 Kampala Road, Kampala (Main Branch)
- Nakivubo Branch - 34-38 Nakivubo Road, Kampala
- Ntinda Branch - 1 Kimera Road, Ntinda, Kampala
- Jinja Branch - 17 Main Street, Jinja
- Masaka Branch - 2 Birch Avenue, Masaka
- Kansanga Branch - 5277 Ggaba Road, Kansanga, Kampala
- Kawempe Branch - 3144 Kampala-Gulu Road, Kawempe, Kampala
- Oasis Mall Branch - Yusuf Lule Road, Kampala
- Kakira Branch - Downtown Area, Kakira
- Katwe Branch - Muganzirwazza Shopping Mall, Muteesa I Road, Katwe, Kampala
- Kaliro Branch - 45 Zibondo Road, Kaliro
- Mbale Branch - 37 Republic Road, Mbale
- Lugogo Bypass Branch - Lugogo Office Park, 54 Lugogo Bypass, Kampala], Head Office