United Bank for Africa Uganda Limited

United Bank for Africa Uganda Limited
Company typeSubsidiary of United Bank for Africa
IndustryFinancial services
Founded2008; 16 years ago (2008)
HeadquartersPlot. 2, Jinja Road, Kampala, Uganda
Key people
Mustafa Kigozi Sebbagala
Ag. Chairman
Chioma Mang[1]
CEO and MD
Kenneth Kisambira
Executive Director
ProductsInternet banking

Mobile banking Wholesale Banking Corporate banking Investment Banking Consumer Banking Money Transfer Debit Cards Collections Treasury Trade Savings Accounts

Current Accounts
RevenueIncrease After Tax: USh 10.2 billion (US$2.68 million) (2023)[2]
Total assetsUSh 623.093 billion (US$164.235 million) (2023)[3]
Number of employees
411 (2024)
ParentUnited Bank for Africa
Websitewww.ubauganda.com

United Bank for Africa Uganda Limited, also UBA Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[4] UBA Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria, with a presence in twenty African countries, the United Kingdom, France, and the United States. The stock of UBA Transnational trades on the Nigeria Stock Exchange under the symbol UBA.[5]

Location

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The headquarters of UBA Uganda are located at Plot 2, Jinja Road, in the central business district of Kampala, the capital and largest city in Uganda.[6] The geographical coordinates of the bank's headquarters are:00°18'49.0"N, 32°35'17.0"E (Latitude:0.313611; Longitude:32.588056).[7]

Overview

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UBA Uganda is a retail bank that serves small and medium enterprises (SMEs), large corporations and individual customers. As of 31 December 2023, UBA Uganda's total assets were USh 623,093,431,000/= (approx. US$164.235 million), with shareholders' equity of USh 142,572,067,000/= (approx. US$37.6 million).[3]

History

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UBA Uganda commenced operations in May 2008, starting with the opening of the main branch on the Kampala-Jinja Highway in Kampala. The Nigeria-based parent company, United Bank for Africa, started operations in Uganda with a capital base of US$12 million. It was a greenfield start-up.[8]

Within the first six months, the bank established four branches within Kampala and its suburbs. During the following six months, UBA Uganda Limited added two upcountry branches, one in Jinja, about 80 kilometres (50 mi) east of Kampala, and the other in Mbale, a city located about 225 kilometres (140 mi), by road, north-east of the capital.[9]

Ownership

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UBA Bank Uganda is a subsidiary of the United Bank for Africa, headquartered in Lagos, Nigeria and with a presence in twenty African countries, the United Kingdom, France, and the United States.[10] The table below illustrates the shareholding in the stock of UBA Bank Uganda, as of December 2023.[2]

United Bank for Africa (Uganda) Stock Ownership
Rank Name of Owner Percentage Ownership
1 United Bank for Africa Plc 80.0
2 Other investors 20.0
Total 100.0

Branch network

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As of September 2020, UBA Uganda maintained branches at the following locations:[11]

  1. Jinja Road Branch: Plot. 2 Jinja Road, Kampala Main Branch
  2. Prestige Branch/Corporate Branch: Plot. 2 Jinja Road, Kampala
  3. William Street Branch: 17B William Street, Kampala
  4. Kansanga Branch: Plot. 5277, Block 244, Kansanga, Kampala
  5. Kikuubo Branch: Downtown, near Senana Supermarket, Kampala
  6. Makerere University Branch: Makerere University Campus, Kampala
  7. Bugema University Branch: Bugema University Campus, Bugema, Luweero District
  8. Jinja Branch: 5 Lady Alice Muloki Road, Jinja
  9. Mbale Branch: 1-3 Manafwa Road, Mbale
  10. Fort Portal Branch: 8 Ruhandika Street, Fort Portal
  11. Mbarara Branch: 94 High Street, Mbarara
  12. Boulevard Mall Branch: Plot 17/19, Kampala Road, Kampala
  13. Forest Mall Branch: Forest Mall, Lugogo By-Pass, Kampala
  14. Ntinda Branch: First Floor, Ntinda Complex, Ntinda, Kampala
  15. Mukono Branch: First Floor, Cathedral House, Plot 37-39, Mukono
  16. Gulu Branch: Plot No.15 Queens Avenue, Gulu.

Recent developments

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Effective 1 October 2021, Bank of Uganda, the central bank and national banking regulator, named UBA Uganda Limited, as a Primary Dealer Bank (PDB). PDBs are authorised to "facilitate the buying and selling of treasury bills and bonds to investors who do not have access to the primary market". The seven other PDBs are (1) Stanbic Bank Uganda Limited (2) Centenary Bank (3) Standard Chartered Uganda (4) Absa Bank Uganda Limited (5) DFCU Bank (6) Bank of Baroda (Uganda) and (7) Housing Finance Bank.[12]

See also

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References

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  1. ^ "UBA Uganda's Chioma Mang Turns Down Central Bank of Nigeria's Appointment As ED of Troubled Keystone Bank". CEO East Africa. Kampala, Uganda. 13 February 2024. Retrieved 6 June 2024.
  2. ^ a b James Anyanzwa (29 April 2024). "UBA increases stake in Ugandan, Kenyan units". Daily Monitor. Kampala, Uganda. Retrieved 30 April 2024.
  3. ^ a b UBA Uganda (19 April 2024). "UBA Uganda Limited: Statement of Financial Position As At 31 December 2023" (PDF). UBA Uganda Limited. Kampala, Uganda. Retrieved 30 April 2024.
  4. ^ Bank of Uganda (18 May 2020). "List of Licensed and Supervised Commercial Banks In Uganda, As of May 2019" (PDF). Kampala: Bank of Uganda. Retrieved 18 May 2020.
  5. ^ NM Partners (17 April 2018). "UBA Meets NSE's stringent corporate governance conditions, lists on NSE Premium Board". Lagos, Nigeria: Nairametrics.com. Retrieved 18 May 2020.
  6. ^ UBA Uganda (18 May 2020). "UBA Uganda Headquarters". Kampala: UBA Uganda. Retrieved 18 May 2020.
  7. ^ "Location of headquarters of UBA Uganda" (Map). Google Maps. Retrieved 18 May 2020.
  8. ^ Ronald Kabuubi (20 November 2008). "United Bank of Africa invests $12m". New Vision. Kampala. Archived from the original (Archived from the original on 3 May 2014) on 2014-05-03. Retrieved 18 May 2020.
  9. ^ Mark Owor (23 December 2008). "United Bank of Africa goes to Mbale". New Vision. Kampala. Retrieved 18 May 2020.
  10. ^ United Bank for Africa (2014). "UBA Plc Has Banking Subsidiaries In Over Twenty African Countries". United Bank for Africa. Retrieved 2 May 2014.
  11. ^ UBA Uganda Limited (18 September 2020). "Branch List of United Bank for Africa Uganda Limited". Kampala: United Bank for Africa Uganda Limited. Retrieved 18 September 2020.
  12. ^ Ali Twaha (16 September 2021). "Primary dealer banks increase to eight". New Vision. Kampala, Uganda. Retrieved 19 September 2021.
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00°18′49″N 32°35′17″E / 0.31361°N 32.58806°E / 0.31361; 32.58806

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