ABC Bank (Uganda)

ABC Bank (Uganda)
Private
Industry Financial services
Founded 1993
Headquarters Colline House
4 Pilkington Road
Kampala, Uganda
Key people
 James Wilson Muwanga
chairman
Pooran Chand Kukreja
chief executive officer[1]
Products Loans, savings, checking, investments
Revenue IncreaseAftertax: UGX:996.8 million (2015)
Total assets UGX:49.6 billion (2015)
Number of employees
 44 (2012)
Website Homepage

ABC Bank (Uganda), whose full name is ABC Capital Bank Uganda Limited, is a commercial bank in Uganda and licensed by the Bank of Uganda, the central bank and national banking regulator.[2]

Overview

The bank provides banking services to large corporations, small-to-medium-sized businesses (SMEs), as well as individuals. As of December 2015, the bank's total assets were valued at about UGX:49.6 billion, with shareholders' equity of about UGX:28.61 billion.[3]

History

ABC Capital Bank was founded in 1992 as Capital Finance Corporation Limited (CFCL), a Tier III Ugandan Financial Institution, under the licensure and supervision of the Bank of Uganda. In 1999, CFCL established a wholly owned subsidiary, CFC Forex Bureau. In 2008, CFCL signed a memorandum of understanding with ABC Bank (Kenya), identifying the Kenyan institution as a strategic investor in CFCL in the latter's efforts to transform into a commercial bank. On 26 February 2010, following the acquisition of a commercial banking license from the Bank of Uganda, CFCL rebranded as ABC Capital Bank.[4]

Ownership

ABC Bank (Kenya) is an investor in ABC Bank (Uganda).[5] As of July 2016, the shareholding in ABC Capital Bank, is summarized in the table below:

ABC Bank (Uganda) Stock Ownership
Rank Name of OwnerPercentage Ownership
1ABC Bank (Kenya)68.0
2Others32.0
Total100.0

Branch network

As of July 2016, ABC Bank (Uganda) maintained networked branches at the following locations:[3]

  1. Main Branch - Colline House, 4C Pilkington Road, Kampala
  2. Luwum Street Branch - Pioneer Mansion, 11 Luwum Street, Kampala
  3. Kikuubo Branch - Fami Plaza, 21 Nakivubo Road, Kampala
  4. Arua Park Branch - Arua Park Mall, 5 Wilson Road, Kampala

See also

References

  1. ↑ ABCBU (31 December 2015). "Members of Board of Directors". Kampala: ABC Capital Bank Uganda (ABCBU). Retrieved 26 April 2014.
  2. ↑ BOU (March 2016). "List of Licensed Commercial Banks As At March 2016" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 26 July 2016.
  3. 1 2 ABCBU (31 December 2015). "Audited Financial Report for Year Ending 31 December 2015". Kampala: ABC Bank Uganda (ABCBU). Retrieved 26 July 2016.
  4. ↑ ABCCB (26 July 2016). "History of ABC Capital Bank". Kampala: ABC Capital Bank (ABCCB). Retrieved 26 July 2016.
  5. ↑ Mbanga, Jeff (12 November 2008). "Kenyan bank set to buy Capital Finance". The Observer (Uganda). Kampala. Retrieved 26 July 2016.

External links

This article is issued from Wikipedia - version of the 9/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.