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.[6]

Standard Chartered Bank Uganda Limited
TypePrivate
IndustryFinancial services
FoundedAugust 1, 1912 (1912-08-01)
Headquarters5 Speke Road, Kampala, Uganda
Key people
Robin Kibuuka[1]
Chairman
Albert Saltson
CEO[2][3]
ProductsLoans, checking, savings, investments, debit cards
Revenue Aftertax: UGX:124.7 billion (US$34 million) (2019)[4]
Total assets3.154 trillion (US$840 million) (2019)[4]
Number of employees
600+ (2018)[5]
Websitewww.sc.com/ug

Overview

Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2019, it was the fourth largest commercial bank in Uganda by assets, with an asset base of UGX:3.154 trillion (US$840 million), with shareholders' equity of UGX:686.02 billion (US$184 million),[4] behind Stanbic Bank Uganda, Centenary Bank and Absa Bank Uganda.[7] As of June 2013, Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[8] Other credible sources have put the bank's total assets at UGX:3.3 trillion (US$892.1 million), as of February 2017.[3]

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.[5]

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.[4]

Branch network

As of May 2018, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[2][9][10][11]

  1. Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
  2. Acacia Branch: Acacia Shopping Mall, Kololo, Kampala[12]
  3. City Branch - 9 William Street, Kampala
  4. Jinja Branch - 2-4 Grant Road, Jinja
  5. Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
  6. Garden City Branch - Garden City Shopping Mall, 64-84 Yusuf Lule Road, Kampala
  7. Speke Road Branch - 5 Speke Road, Kampala Head Office
  8. Kikuubo Branch - Kikuubo Lane, Kampala
  9. Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala

Governance

The chairman of the board of directors is Robin Kibuuka.[1] The managing director is Albert Saltson.[2] Saltson is a native of Ghana and he served as the managing director and chief executive officer of Standard Chartered Gambia, prior to re-assignment to Uganda. During his more than 25 years at Standard Chartered, he has had stints in Ghana and Sierra Leone.[3]

See also

References
  1. Businge, Julius (28 March 2013). "Uganda: Standard Chartered Bank Uganda Appoints New Board Chairman". The Independent (Uganda) via AllAfrica.com. Retrieved 9 February 2016.
  2. Kamukama, Eronie (19 October 2017). "Banking industry sees bright future as year closes". Daily Monitor. Kampala. Retrieved 19 October 2017.
  3. Mark Keith Muhumuza (22 February 2017). "StanChart names Albert Saltson as Uganda CEO". Daily Monitor. Kampala. Retrieved 3 May 2018.
  4. Standard Chartered Uganda (17 March 2020). "Extract of Financial Statements for the Year Ended 31 December 2019" (PDF). Kampala: Standard Chartered Uganda. Retrieved 5 May 2020.
  5. Stanchart Uganda (3 May 2018). "Number of Employees In 2018". Kampala: Standard Chartered Uganda. Retrieved 3 May 2018.
  6. BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015.
  7. 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.
  8. Emma Onyango (19 January 2014). "Mixed bag of banking stars". East African Business Week. Kampala. Retrieved 9 February 2016.
  9. SCBUG (3 May 2018). "Standard Chartered Bank Uganda: ATMs and Branches". Kampala: Standard Chartered Uganda (SCBUG). Retrieved 3 May 2018.
  10. Rupiny, David (31 May 2015). "Standard Chartered Bank Closing its Mbale branch". Kampala: Uganda Radio Network. Retrieved 19 October 2017.
  11. TUGn (19 October 2017). "Standard Chartered Bank closes Mbarara and Gulu branches". Kampala: The Ugandan (TUGn). Retrieved 19 October 2017.
  12. Oyet Okwera, and Cynthia Aber (30 June 2014). "Mutebile optimistic about economic growth". Kampala: New Vision. Retrieved 9 February 2016.
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