Barclays Bank of Uganda

Barclays Bank of Uganda
Private
Industry Financial services
Founded 1927
Headquarters Kampala, Uganda
Key people
 Rakesh Jha[1]
managing director
Products Loans, checking, savings, investments, debit cards
Revenue Increase Aftertax: US$14.8 million (UGX:41 billion) (2014)
Total assets UGX:1.4 trillion (2014)
Number of employees
 850+ (2014)
Website Homepage

Barclays Bank of Uganda Limited, commonly known as Barclays Bank Uganda Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.[2]

Overview

The bank is primarily involved in meeting the banking needs of individuals, small- and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers.[3] As of December 2014, the bank was the fifth-largest commercial bank in Uganda, with assets valued at UGX:1.4 trillion.[4] At that time, the bank had 136,000 account holders, 42 branches, and 85 ATM outlets and employed 850 staff.[5]

History

The bank opened in 1927, with two branches in the capital city, Kampala, and one in Jinja, the country's second-largest commercial centre. In 1971, the bank acquired the Ugandan business of the Commercial Bank of Africa.[6]

In February 2007, the bank completed its acquisition of Nile Bank Uganda Limited, strengthening its presence in the country.

Ownership

Upon incorporation, the bank's stock was 51 percent held by Barclays and 49 percent held by the government of Uganda. By 2001, the bank had become a wholly owned subsidiary of Barclays.[7] Since March 2016, the bank has been wholly owned by the Barclays Africa Group.[8]

Branch network

The bank's headquarters is at 2 Hannington Road, on Nakasero Hill, in Kampala. As of July 2013, the bank maintained branches at the following locations:[9][10]

  1. Bugoloobi Branch - 128 Spring Road, Bugoloobi, Kampala
  2. Hannington Road Branch - 2 Hannington Road, Nakasero, Kampala Main Branch
  3. Premier Banking Branch - Hannington Road at Shimoni Road, Nakasero, Kampala
  4. Garden City Prestige Centre - Garden City, Yusuf Lule Road, Kampala[11]
  5. Kampala Road Branch - 16 Kampala Road, Kampala
  6. Kansanga Branch - 529 Ggaba Road, Kansanga, Kampala
  7. Kawempe Branch - Katongole Building, 2522 Masindi Highway, Kawempe, Kampala
  8. Kireka Branch - 174 Kampala-Jinja Highway, Kireka
  9. Lubowa Branch - Quality Hill Shopping Complex, 1621 Lubowa Estate, Lubowa
  10. Lugazi Branch - 121 Kampala Road, Lugazi
  11. Lugogo Branch - 2-8 Lugogo Bypass Road, Lugogo
  12. Luwuum Street Branch - Luwum Street, Kampala
  13. Nakawa Branch - URA Customs Building, 1-3, Sebei Lane, Nakawa, Kampala
  14. Naakulabye Branch - 1254 City Petrol Station, Makerere Hill Road, Naakulabye
  15. Ndeeba Branch - 479 Masaka Road, Ndeeba, Kampala
  16. Ntinda Branch - Ntinda Shopping Mall, Kimera Road, Ntinda, Kampala
  17. Ovino Market Branch - Ovino Market, Kampala[12]
  18. Parliament Ave Branch - IPS Building, 14 Parliament Avenue, Kampala
  19. Rwenzori Courts Branch - 1 Lumumba Avenue, Nakasero Hill, Kampala
  20. Shauriyako Branch - 34-38 Nakivubo Road, Kampala
  21. Tankhill Parade Branch - 2683 Kisugu-Muyenga Road, Muyenga, Kampala
  22. UN Base Branch - United Nations Base, Entebbe
  23. Wandegeya Branch - 170 Bombo Road, Wandegeya, Kampala
  24. Abaita Ababiri Branch - Entebbe-Kampala Road, Abayita Ababiri
  25. Kitoro Branch - Kitoro, Entebbe
  26. Masaka Branch - 2 Broadway Street, Masaka
  27. Mukono Branch - Best Meals Building, Mukono
  28. Busia Border Branch - Busia Customs Yard, Busia
  29. Iganga Branch - 85 Main Street, Iganga
  30. Jinja Branch - 81 Main Street, Jinja
  31. Mbale Branch - Republic Street, Mbale
  32. Soroti Branch - 40 Gweri Road, Soroti[13]
  33. Tororo Branch - 4 Mbale Road, Tororo
  34. Arua Branch - 1D Transport Road, Arua
  35. Gulu Branch - 32 Gulu Avenue, Gulu
  36. Lira Branch - 10 Soroti Road, Lira
  37. Fort Portal Branch - 14 Bwamba Road, Fort Portal
  38. Hoima Branch - 56 Main Street, Hoima
  39. Ishaka Branch - Ishaka
  40. Kabale Branch - 190 Main Street, Kabale
  41. Kasese Branch - 68 Rwenzori Road, Kasese
  42. Masindi Branch - 77 Port Road, Masindi
  43. Mbarara Branch - 66 High Street, Mbarara

Governance

The bank is governed by a board of directors. The chairman of the board is one of the non-executive directors. The managing director is Rakesh Jha. Immediately prior to his appointment as chairman, Jha was managing director of Barclays Seychelles.[14]

See also

References

  1. ↑ Adengo, Jonathan (23 February 2015). "Barclays Bank Re-Launches Prestige Banking". Daily Monitor (Kampala). Retrieved 23 February 2015.
  2. ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
  3. ↑ "Overview of Barclays Bank Uganda". Barclays Bank Uganda. Retrieved 2 May 2014.
  4. ↑ Mwesigwa, Alon (6 May 2015). "Ugandan Banks Shine As Kenya's See Profits Drop". The Observer (Uganda) via AllAfrica.com. Retrieved 10 April 2016.
  5. ↑ BAG (April 2015). "Barclays Africa Group Limited Financial results for the 12 months ended 31 December 2014" (PDF). Johannesburg: Barclays Africa Group (BAG). Retrieved 16 March 2016.
  6. ↑ "Commercial Bank of Africa Limited - Medium Term Note Programme - Information Memorandum" (PDF). Commercial Bank of Africa Limited. 21 November 2014. Retrieved 3 December 2014.
  7. ↑ "Founding banks and building societies > Barclays Bank of Uganda Ltd.". Barclay Bank. Retrieved 30 August 2015.
  8. ↑ Khisa, Isaac (8 March 2016). "Uganda: Barclays to Get New Owners". The Independent (Uganda) via AllAfrica.com. Retrieved 8 March 2016.
  9. ↑ "List of Branches of Barclays Bank Uganda". Barclays Bank Uganda. Retrieved 2 May 2014.
  10. ↑ Mwesigwa, Alon (15 January 2013). "Barclays Closes Branches, ATMs". The Observer (Uganda). Retrieved 2 May 2014.
  11. ↑ Ssonko, Kiganda (14 December 2008). "Multi Billion Shopping Center Opens In February 2009". New Vision. Retrieved 2 May 2014.
  12. ↑ Sseppuya, Mikaili (21 May 2008). "Banks Rush for Ovino Market Shops". New Vision. Retrieved 2 May 2014.
  13. ↑ Omoding, John (18 May 2008). "Barclays Goes To Soroti". New Vision (Kampala). Retrieved 2 May 2014.
  14. ↑ Nation Reporter (15 September 2014). "James Kinyany Appointed Barclays Seychelles' Interim Managing Director". Seychelles Nation (Seychelles). Retrieved 9 September 2014.

External links

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