Citibank Uganda

Citibank Uganda, is a commercial bank in Uganda operating as a wholly owned subsidiary of New York-based Citigroup. It is one of the regulated banking institutions licensed by the Bank of Uganda, the national banking regulator.[3]

Citibank Uganda Limited
TypeSubsidiary of Citigroup
IndustryFinancial Services
FoundedJanuary 1, 1999 (1999-01-01)
HeadquartersNakasero, Kampala, Uganda
Key people
Sarah Arapta: CEO[1]
ProductsLoans, transaction accounts, savings, investments, debit cards
Total assetsUGX:990 billion (US$262 million) (2019)[2]
UGX:913 billion (US$242 million) (2018)[2]
Number of employees
40+ (2010)
ParentCitigroup
WebsiteHomepage

Overview

The bank is a medium-sized international bank that focuses on meeting the banking needs of large corporate customers as well as of those individuals with high net worth.[4] As of December 2019, the bank's total asset valuation was approximately USh990 (US$262 million).[2] As of 31 December 2015, shareholders' equity was about USh:155 billion (US$63.5 million).[5]

The bank is an active participant in the promotion of financial literacy in Uganda, especially in the country's schools.[6][7][8]

See also

References
  1. Denis Edema (25 May 2017). "Access to finance hinders young entrepreneurs - Citibank chief". Daily Monitor Mobile. Kampala. Retrieved 12 July 2019.
  2. Ashita Chopra (30 April 2020). "Banks Post Mixed Results". Daily Monitor. Kampala. Retrieved 30 April 2020.
  3. BOU (21 July 2016). "List of Licensed Commercial Banks As At March 2016" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 12 October 2016. Retrieved 21 July 2016.
  4. Our Reporter. "Rugunda tells Citibank to invest in Uganda". Kampala: The Insider Uganda. Archived from the original on 2016-08-15. Retrieved 2016-07-21.
  5. Nalubega, Flavia (8 June 2012). "Multinational Banks Urged On Serving SMEs". Daily Monitor. Retrieved 1 May 2014.
  6. Ismail Musa, Ladu (11 February 2011). "Citibank Partners In NIE Project". Daily Monitor Mobile. Retrieved 1 May 2014.
  7. Tendo, Steven (18 September 2009). "Uganda: Citibank Donates Reading Materials". Daily Monitor via AllAfrica.com. Kampala. Retrieved 21 July 2016.
  8. EABW Reporter (12 December 2015). "Uganda: Citibank Trains 500 Youths in Entrepreneurship". East African Business Week via AllAfrica.com. Kampala. Retrieved 21 July 2016.
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