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.[5]
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | August 1, 1912 |
| Headquarters | 5 Speke Road, Kampala, Uganda |
Key people | Maria Kiwanuka[1] Chairperson Sanjay Rughani CEO[1] |
| Products | Loans, checking, savings, investments, debit cards |
| Revenue |  Aftertax: USh72 billion (US$20.3 million) (2020)[2] |
| Total assets | USh3.8 trillion (US$1.072 billion) (2020)[3] |
Number of employees | 600+ (2018)[4] |
| Parent | Standard Chartered |
| Website | www |
Overview
editStanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020[update], it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of UGX:937 billion (US$264 million),[3] behind Stanbic Bank Uganda and Centenary Bank.[6] As of June 2013[update], Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[7]
History
editFounded 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 May 2018, Stanchart Uganda had 9 branches and 29 automated teller machines and employed over 600 people.[4]
Ownership
editStanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom.[3]
Branch network
editAs of May 2018[update], the bank had a network of interconnected branches at the following locations, arranged alphabetically:[8][9][10]
- Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
- Acacia Branch: Acacia Shopping Mall, Kololo, Kampala[11]
- City Branch - 9 William Street, Kampala
- Jinja Branch - 2-4 Grant Road, Jinja
- Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
- Garden City Branch - Garden City Shopping Mall, 64-84 Yusuf Lule Road, Kampala
- Speke Road Branch - 5 Speke Road, Kampala Head Office
- Kikuubo Branch - Kikuubo Lane, Kampala
- Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala
Governance
editAs of July 2024, the chairperson of the board of directors is Maria Kiwanuka, a former minister of finance in Uganda's cabinet. The managing director is Sanjay Rughani.[1]
Other considerations
editAs of July 2024, Stanchart Uganda was contemplating financing (a) the Uganda government's take-over of Umeme in March 2025 (b) the construction of several high voltage transmission lines and (c) the construction of several "oil roads".[1]
See also
editReferences
edit- ^ a b c d SoftPower (26 July 2024). "Standard Chartered Bank To Finance Oil Roads And Transmission Lines". SoftPower Uganda. Kampala, Uganda. Retrieved 27 July 2024.
- ^ The independent (11 May 2021). "Standard Chartered Bank 2020 net profit down 42%". The Independent (Uganda). Kampala. Retrieved 25 May 2021.
- ^ a b c Salim Kalanzi (5 May 2021). "Standard Chartered Bank Assets Grow By 21%". Kampala: Bankers Journal Uganda. Retrieved 25 May 2021.
- ^ a b Stanchart Uganda (3 May 2018). "Number of Employees In 2018". Standard Chartered Uganda. Kampala, Uganda. Retrieved 3 May 2018.
- ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
- ^ Muhereza Kyamutetera (4 May 2020). "Absa Bank Uganda's Assets Reach UGX3.4 Trillion, Moves From Fifth To Third Largest Bank, By Assets". Kampala: CEO Magazine Online. Retrieved 5 May 2020.
- ^ Emma Onyango (19 January 2014). "Mixed bag of banking stars". East African Business Week. Kampala. Retrieved 9 February 2016.
- ^ SCBUG (3 May 2018). "Standard Chartered Bank Uganda: ATMs and Branches". Kampala: Standard Chartered Uganda (SCBUG). Retrieved 3 May 2018.
- ^ Rupiny, David (31 May 2015). "Standard Chartered Bank Closing its Mbale branch". Kampala: Uganda Radio Network. Retrieved 19 October 2017.
- ^ TUGn (19 October 2017). "Standard Chartered Bank closes Mbarara and Gulu branches". Kampala: The Ugandan (TUGn). Retrieved 19 October 2017.
- ^ Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile optimistic about economic growth". Kampala: New Vision. Retrieved 9 February 2016.
External links
edit- Standard Chartered Bank Uganda Homepage
- Bank of Uganda Website
- Standard Chartered reports strongest profits since 2016 As of 24 May 2020.
