- Source: Standard Chartered Uganda
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.
Overview
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020, 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), behind Stanbic Bank Uganda and Centenary Bank. 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 May 2018, Stanchart Uganda had 9 branches and 29 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 May 2018, the bank had a network of interconnected branches at the following locations, arranged alphabetically:
Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
Acacia Branch: Acacia Shopping Mall, Kololo, Kampala
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
As 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.
Other considerations
As 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".
See also
References
External links
Standard Chartered Bank Uganda Homepage
Bank of Uganda Website
Standard Chartered reports strongest profits since 2016 As of 24 May 2020.
Kata Kunci Pencarian:
- Citigroup
- Prudential plc
- Standard Chartered Uganda
- Standard Chartered
- Standard Chartered Hong Kong
- Chartered Bank of India, Australia and China
- Standard Chartered India
- List of banks in Uganda
- Standard Chartered Zambia
- Standard Chartered Pakistan
- Standard Chartered Kenya
- Standard Chartered Bank of Canada
