Stanbic Bank Uganda Limited
| Public | |
| Traded as | Uganda Securities Exchange: SBU |
| Industry | Financial services |
| Founded | 1906 |
| Headquarters | Kampala, Uganda |
Key people |
Patrick Mweheire[1] managing director and chief executive officer |
| Products | Loans, savings, investments, debit cards, credit cards, mortgages |
| Revenue |
 Aftertax UGX:150.8 billion (2015)[2] |
| Total assets | UGX:3.729 trillion (2015)[3] |
Number of employees | 1,879 (2014)[4] |
| Slogan | "Moving Forward" |
| Website |
www |
Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator.[5]
Overview
SBU is the largest commercial bank in the country, by assets and branch network.[6] As of 31 December 2015, its total assets were approximately UGX:3.729 trillion and its shareholders' equity was approximately UGX:544.5 billion.[3]
Group
SBU is listed on the Uganda Securities Exchange (USE), where it trades under the symbol SBU.[7] It offers a range of banking products including Internet banking, mobile money, SME lending, and debit and credit cards, among other products. SBU is a subsidiary of Stanbic Africa Holdings Limited, which is in turn owned by Standard Bank Group Limited.[8]
History
The bank was founded in Uganda as the National Bank of India in 1906. After several name changes, it became Grindlays Bank. In 1991, Standard Bank bought the Grindlays Bank network in Africa. The new owners renamed the bank Stanbic Bank (Uganda) Limited.[9][10]
Stanbic Bank (Uganda) Limited is licensed as a merchant banker, stockbroker, and financial adviser by the Capital Markets Authority, which licensed the USE in 1997.[9][10]
In February 2002, Standard Bank acquired 90 percent shareholding in the Uganda Commercial Bank, a government-owned retail banking operation with 65 branches.[11] The new owners merged their new acquisition with their existing Stanbic Bank (Uganda) Limited to form Uganda's largest commercial bank by assets and branch network.[9] In November 2005, the government of Uganda divested its ownership in Stanbic Bank (Uganda) by listing its shares on the USE. Standard Bank also floated 10 percent of its shareholding at the same time, reducing their ownership to 80 percent.[10][12]
Ownership
As of December 2014, the ownership of SBU shares was as depicted in the table below:[4]
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | Stanbic Africa Holdings Limited | 80.00 |
| 2 | National Social Security Fund (Uganda) | 2.05 |
| 3 | BBH-Genesis Emerging Markets Opportunities Fund | 1.01 |
| 4 | Sudhir Ruparelia | 0.65 |
| 5 | BBH-Genesis Emerging Markets Opportunity Fund Limited | 0.46 |
| 6 | Central Bank of Kenya Pension Fund | 0.45 |
| 7 | Ibrahim Kironde Kabanda | 0.40 |
| 8 | Pohjola Bank Plc | 0.37 |
| 9 | SCB Mauritius Re Africa Opportunity Fund | 0.35 |
| 10 | Crane Bank Limited | 0.30 |
| 11 | Others | 13.96 |
| Total | 100.0 | |
Governance
Japheth Katto is chairman of the board. Patrick Mweheire is the managing director.[13]
Branch network
As of April 2014, SBU had a branch network of over 100 branches in all four regions of the country. Its network was the largest of all commercial banks in Uganda. At that time, it maintained 193 networked automated teller machines. Listed below were some of the branches of the bank:[14]
- Abim Branch – Abim
- Adjumani Branch – Adjumani
- Apac Branch – Apac
- Aponye Mall Branch - Aponye Mall, Kampala[15]
- Arua Branch – Arua
- Buliisa Branch – Buliisa
- Bundibugyo Branch Bundibugyo
- Busia Branch – Busia
- Bwamiramira Branch - Bwamiramira
- Bwera Branch - Bwera
- City Branch - Crested Towers, Kampala Main Branch
- Dokolo Branch - Dokolo
- Entebbe Airport Branch - Entebbe International Airport
- Entebbe Main Branch - Entebbe
- Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala
- Fort Portal Branch – Fort Portal
- Garden City Branch - Garden City Mall, Kampala
- Gulu Branch – Gulu
- Hoima Branch - Hoima
- Ibanda Branch - Ibanda
- Iganga Branch - Iganga
- Inland Revenue Branch - Kampala
- IPS Building Branch - Kampala
- Isingiro Branch - Isingiro
- Ishaka Branch - Ishaka[15][16]
- Jinja Branch - Jinja
- Kaabong Branch - Kaabong
- Kalangala Branch - Kalangala
- Kabale Branch - Kabale
- Kabwohe Branch - Kabwohe
- Kagadi Branch - Kagadi
- Kakira Branch - Kakira
- Kamuli Branch - Kamuli
- Kapchorwa Branch - Kapchorwa
- Kasese Branch - Kasese
- Kayunga Branch - Kayunga
- Kiboga Branch - Kiboga
- Kigumba Branch - Kigumba
- Kihihi Branch - Kihihi
- Kinyara Branch - Kinyara
- Kireka Branch - Kireka
- Kisoro Branch - Kisoro
- Kitgum Branch - Kitgum
- Koboko Branch - Koboko
- Kotido Branch - Kotido
- Kumi Branch - Kumi
- Kyambogo Branch - Kyambogo
- Kyenjojo Branch - Kyenjojo
- Kyotera Branch - Kyotera
- Lira Branch - Lira
- Lugazi Branch - Lugazi
- Lugogo Branch - Lugogo Mall, Kampala
- Luweero Branch - Luweero
- Lyantonde Branch - Lyantonde
- Magoba Branch - Nakivubo, Kampala
- Malaba Branch - Malaba
- Makerere University Branch - Makerere University
- Masaka Branch - Masaka
- Masindi Branch - Masindi
- Mayuge Branch - Mayuge
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
- Mityana Branch - Mityana
- Moroto Branch - Moroto
- Moyo Branch - Moyo
- Mpigi Branch - Mpigi
- Mubende Branch - Mubende
- Mukono Branch - Mukono
- Mulago Branch - Mulago
- Mutukula Branch - Mutukula
- Nakasero Branch - Nakasero Road, Kampala
- Nakawa Branch - Nakawa
- Nakivubo Branch - Nakivubo, Kampala
- Nateete Branch - Nateete, Kampala
- Nebbi Branch - Nebbi
- Ntagule Plaza Branch - Ben Kiwanuka Street, Kampala
- Ntinda Branch - Ntinda
- Ntungamo Branch - Ntungamo
- Oyam Branch - Oyam
- Pader Branch - Pader
- Pallisa Branch - Pallisa
- Pakwach Branch - Pakwach
- Rukungiri Branch - Rukungiri
- Rushere Branch - Rushere
- Sembabule Branch - Sembabule
- Soroti Branch - Soroti
- Sironko Branch - Sironko
- Tororo Branch - Tororo
- Wandegeya Branch - Wandegeya
- William Street Branch - William Street, Kampala
- Wobulenzi Branch - Wobulenzi
- Yumbe Branch - Yumbe
See also
- Standard Bank of South Africa
- Banking in Uganda
- Economy of Uganda
- List of banks in Uganda
- List of tallest buildings in Kampala
References
- ↑ Gachiri, John (6 January 2015). "Ugandan Finally Takes Over From Kenyan At Stanbic Uganda". Business Daily Africa (Nairobi). Retrieved 7 January 2015.
- ↑ Oketch, Martin Luther (18 April 2016), "Businesses to benefit more from Stanbic loans", Daily Monitor (Kampala), retrieved 18 April 2016
- 1 2 "Stanbic Bank Uganda Limited: Summarised Audited Financial Statements for the year ended 31 December 2015" (PDF). Kampala: Uganda Securities Exchange Quoting Stanbic Bank Uganda Limited. 14 April 2016. Retrieved 22 April 2016.
- 1 2 SBUL (31 December 2014). "Stanbic Bank Uganda Limited Annual Report and Financial Statements for the year ended 31 December 2014" (PDF). Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 22 April 2016.
- ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 16 December 2015.
- ↑ Kampala (13 October 2015). "Interview with Patrick Mweheire, CEO of Stanbic Bank Uganda". The Report Company (TRC).
- ↑ USE (22 April 2016). "Uganda Securities Exchange: Listed Securities". Kampala: Uganda Securities Exchange (USE). Retrieved 22 April 2016.
- ↑ SBUL (22 April 2016). "Stanbic Bank Uganda Limited: Company Overview". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 22 April 2016.
- 1 2 3 SBUL (22 April 2016). "Stanbic Bank Uganda Limited: About Us - Company Overview". Kampala: Stanbic Bank Uganda Limited (SBUL). Retrieved 22 April 2016.
- 1 2 3 SBSA (22 April 2016). "Standard Bank of South Africa: Our history in Africa". Johannesburgh: Standard Bank of South Africa (SBSA). Retrieved 22 April 2016.
- ↑ Business News (17 October 2001). "Uganda's Largest Bank For Sale". BBC News. Retrieved 16 April 2014.
- ↑ Herbling, David (16 April 2014). "Stanbic Bank Uganda Raises Dividend Despite Net Profit Drop". Business Daily Africa. Nairobi. Retrieved 16 April 2014.
- ↑ Tumusiime, Abdulaziizi (8 January 2015). "Stanbic Gets Ugandan Boss". Daily Monitor. Kampala. Retrieved 8 January 2015.
- ↑ "Branches of Stanbic Bank Uganda Limited". Retrieved 16 April 2014.
- 1 2 Anthony Wesaka, Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016.
- ↑ Mugasha, Chris (3 April 2016). "Stanbic Bank closes Bushenyi branch". New Vision. Kampala. Retrieved 3 April 2016.
External links
- Stanbic’s New Boss Keen To Raise Customer Satisfaction
- List of banks in Uganda
- Uganda Securities Exchange
- Standard Bank Group Website
- Stanbic Bank Uganda Limited US$ 85,000,000 Syndicated Term Loan Facility
