| Type | Public USE :KCB |
|---|---|
| Industry | Banking |
| Founded | 2007 |
| Headquarters | Commercial Plaza Kampala Road Kampala, Uganda |
| Key people | Samwiri Njuki, Chairman Albert Odongo Managing Director[1] |
| Products | Loans, credit cards, savings, investments, mortgages |
| Revenue |  Pretax: US$3.7 million (UGX:9.04 billion) (2011)[2] |
| Total assets | US$122 million (KES:10.04 billion) (2011) |
| Employees | 250+ (2009) |
| Website | Homepage |
Kenya Commercial Bank (Uganda) (KCB), also known as KCB Uganda is a commercial bank in Uganda.
Contents |
Overwiew [edit]
The bank focuses on meeting the banking needs of individuals and corporate entities. As of December 2011[update] KCB Uganda had an asset base valued at over US$122 million (KES:10.04 billion), representing over 2% of total banking assets. Shareholders' funds were valued at about US$21.5 million (KES:1.77 billion).[3] At that time, the bank's customer base exceeded 59,140 and customer deposits exceeded US$88 million (UGX:217.3 billion), accounting for about 3% of bank deposits in the country.[4]
Kenya Commercial Bank Group [edit]
Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include: [5] [6]
- Kenya Commercial Bank - Nairobi, Kenya
- KCB Rwanda - Kigali, Rwanda
- KCB South Sudan - Juba, South Sudan
- KCB Tanzania - Dar es Salaam, Tanzania
- KCB Uganda - Kampala, Uganda
- KCB Foundation Limited - Nairobi, Kenya
- KCB Sports Sponsorship Limited - Nairobi, Kenya
- Savings & Loan Kenya Limited - Nairobi, Kenya
The KCB Group is the largest financial services group in East Africa, with an asset base valued at over US$3 billion. As of October 2011, KCB Group had the widest network of banking outlets consisting of over 220 branches in Kenya, Rwanda, South Sudan, Tanzania and Uganda.[7]
History [edit]
In November, 2007, the first branch of KCB Uganda opened in Kampala, Uganda's capital city, following licensing by the Bank of Uganda, the national banking regulator. Since then, the bank has opened fourteen more branches in the country. KCB Uganda is a 100% subsidiary of the KCB Group. The shares of KCB Group stock are traded on the following East African Stock Exchanges under the symbol "KCB": [8]
- Nairobi Stock Exchange
- Uganda Securities Exchange
- Rwanda Stock Exchange
- Dar es Salaam Stock Exchange
In May 2011, media reports indicated that KCB Uganda was making plans to acquire a licensed financial services institution in Uganda, within the next two years.[9]
Branch network [edit]
As of May 2012[update], KCB Uganda has a network of fourteen (14) branches in central, eastern, northern and western Uganda. Among the locations where the bank maintains branches are the following:[10]
- Arua Branch - Arua
- Gulu Branch - Gulu
- Hoima Branch - Hoima
- Jinja Branch - Jinja
- Kampala Road Branch — Kampala Road, Kampala Main Branch
- Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala
- Luwuum Street Branch — Luwuum Street, Kampala
- Sixth Street Branch — Sixth Street, Kampala
- Oasis Mall Branch — Oasis Mall, Kampala
- Ndeeba Branch - Ndeeba, Kampala[11]
- Lira Branch - Lira
- Fort Portal Branch - Fort Portal
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
Officers & Management [edit]
- The Chairman of the Board of Directors is Samwiri Njuki. The Managing Director is Albert Odongo. He was appointed to that position in June 2010 when his predecessor, James Agin, was promoted to Group Managing Director.[12][13]
External links [edit]
- KCB Group Homepage
- KCB Uganda Homepage
- KCB Uganda Lost US$4.95 (KES:409.3 million), Aftertax, In 2010
See also [edit]
References [edit]
- ^ Albert Odongo Is Managing Director of KCB Uganda
- ^ KCB Uganda Profit of 3.7 Million Dollars In 2011
- ^ Audited December 2011 Group Financial Statement
- ^ KCBU Accounted For 3% of National Banking Deposits In December 2011
- ^ Member Companies of KCB Group
- ^ Profile of KCB Group
- ^ KCB Group Is Largest Bank Group In East East Africa
- ^ KCB Listed on All Stock Exchanges in East Africa
- ^ Kenya Commercial Bank Considering Ugandan Bank Acquisition
- ^ Branches of KCB Uganda
- ^ KCB Uganda Opens 14th Branch At Ndeeba
- ^ Changes Made in Leadership at KCB Uganda
- ^ Albert Odongo Appointed Managing Director of KCB Uganda
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