5.9
7.9
6.4
7.4
7.978
7.351
6.539
6.7
7.271
5.524
6.306
6.726
4.8
6.6
5
Bank of Baroda Uganda Limited GudangMovies21 Rebahinxxi LK21
The Bank of Baroda Uganda Limited (BOBU), is a commercial bank in Uganda that is majority owned by the Indian government owned banking and financial service conglomerate Bank of Baroda. BOBU is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.
Overview
BOBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BOBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BOBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2023, the bank had total assets of USh2,804,828,346,000/= (approx. US$746,769,400), with shareholders' equity of USh708,851,014,000/= (approx. US$188,728,000).
History
BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BOBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, BOBU was incorporated in Uganda. In 1972, BOBU acquired the banking business of the Bank of India Uganda Limited, and the government of Uganda acquired a 49 percent shareholding in BOBU, leaving BoB with a 51 percent shareholding. In 1999, the government divested its 49 percent shareholding, returning full ownership of BOBU to BoB. In November 2002, BOBU offered 20 percent of its shares to institutional and private investors on the Uganda Securities Exchange (USE) through an initial public offering.
Subsidiaries
BOBU owns all of Baroda Capital Markets (Uganda) Limited, which was established in 1993. The subsidiary is a broker/dealer in capital markets and is licensed by Uganda's Capital Markets Authority (CMA). The Baroda brokerage is a member of the CMA Governing Council.
Ownership
The following table shows the ten largest shareholders of BBU stock, as of 31 December 2022.
Note: Totals may be slightly off due to rounding.
Branch network
As of December 2023, BOBU had a branch network in all parts of Uganda, including:
Head Office - 18 Kampala Road, Kampala (Main Branch)
Arua Branch - KKT Plaza, 6-22 Duka Road, Arua
Railway Station Branch - Esso Corner, 6 Jinja Road, Kampala
Industrial Area Branch - 37–43 Mulwana Road, Kampala
Kololo Branch - 31 Kira Road, Kololo, Kampala
Kansanga Branch - 70/378 Kampala–Ggaba Road, Kansanga, Kampala
Ovino Market Branch - 24–28 Rashid Khamis Road, Old Kampala, Kampala
Kawempe Branch - Shree Hari Complex, 35/36 Kawempe-Bombo Road, Kawempe
Entebbe Branch - 24 Gower's Road, Entebbe
Mukono Branch - 59-67 Kampala-Jinja Road, Mukono
Jinja Branch - 16 a&b Iganga Road, Jinja
Lugazi Branch - SCOUL Secondary School Premises, Jinja Road, Lugazi
Iganga Branch - 84A & 84B Main Street, Iganga
Mbale Branch - Baroda House, 3 Pallisa Road, Mbale
Mbarara Branch - 11 Masaka Road, Mbarara
Kabale Branch - 94 Kabale Road, Kabale
Lira Branch - 2 Aputi Road, Lira, Uganda.
See also
List of banks in Uganda
Banking in Uganda
Bank of Baroda Tanzania Limited
References
External links
Official website
Bank of Baroda India Website
Uganda Securities Exchange Website
Baroda to replace ATMs with cash recycler machines. As of 10 April 2020.
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