Ecobank Uganda

Ecobank Uganda
Public Company
GSE: ETI
Industry Financial Services
Founded 2009
Headquarters 4 Parliament Avenue
Kampala, Uganda
Key people
 Henry Lubwama
Chairman
Micheal Monari
Managing Director
Products Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages
Revenue DecreasePretax:US$1.6 million (5.475 billion) (2014)
Total assets US$81.3 million (UGX:278.8 billion) (2014)
Website Homepage

Ecobank Uganda is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the central bank and national banking regulator.[1]

Location

The headquarters of Ecobank Uganda are located at 4 Parliament Avenue, in the Central Division of Kampala, the capital and largest city in Uganda.[2] The coordinates of he bank's headquarters are:0°18'47.0"N, 32°35'06.0"E (Latitude:0.313050; Longitude:32.585000).[3]

Overview

The bank began operations in Uganda on 19 January 2009 as a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals.[2] As of 31 December 2014, the bank's total assets were $81.3 million (USh278.8 billion), with shareholders' equity of $13.7 million (USh46.9 billion).[4]

Ownership

Ecobank Uganda is a subsidiary of Ecobank Transnational, a banking conglomerate headquartered in Lome, Togo.[5]

Parent company

Ecobank Transnational Inc. (ETI) is the parent company of the Ecobank Group which includes the following specialized subsidiaries:[6]

The stock of ETI is traded on three African stock exchanges, namely; the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE) and the BRVM stock exchange in Abidjan, Ivory Coast.

Board of directors

The following individuals sat on the board of directors of Ecobank (Uganda) as of 31 December 2015:[4]

  1. Henry Lubwama, chairman
  2. Kin Kariisa, non-executive director
  3. Ehoumann Kasi, non-executive director
  4. Gertrude K. Lutaaya, non-executive director
  5. Hilary Obonyo, non-executive director
  6. Annette Kihuguru, executive director

Management team

Micheal Monari is the Managing Director of Ecobank (Uganda). He was appointed to that position in October 2011, replacing Dele Alabi, who was relocated to Ecobank Nigeria.[7]

Branch Network

As of May 2014, Ecobank Uganda maintained networked branches at the following locations:[8]

  1. Bombo Road Branch - Bombo Road, Kampala
  2. Bugema Branch - Bugema University, Gayaza-Ziroobwe Road[9]
  3. Entebbe Airport Branch - Entebbe International Airport
  4. Lugogo Branch - Forest Mall, 3A2 & 3A3 Sports Lane, Lugogo, Kampala
  5. Head Office Branch - Parliament Avenue, Kampala
  6. Jinja Branch - Jinja[10]
  7. Kikuubo Branch - Nakivubo Road, Kampala
  8. Kyambogo University Branch - Kyambogo University Campus, Kyambogo
  9. Mukono Branch - Jinja Road, Mukono
  10. Nakasero Branch - Rwenzori Towers, Nakasero Road, Nakasero, Kampala
  11. Ndeeba Branch - Masaka Road, Ndeeba, Kampala
  12. Oasis Mall Branch - Oasis Mall, Yusuf Lule Road, Kampala
  13. Wandegeya Branch - Bombo Road, Wandegeya, Kampala[11]

New branches are planned in Mbale, Arua, Mbarara and Gulu.[12] A branch is planned in Amuru in Northern Uganda, but has not been opened as of May 2014.[13]


See also

References

  1. ↑ Bank of Uganda (30 June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda. Retrieved 18 December 2015.
  2. 1 2 Vision Reporter (8 October 2013). "25 years of banking in Africa (Ecobank Supplement)". New Vision. Kampala. Retrieved 3 November 2016.
  3. ↑ Google (3 November 2016). "Location of the Headquarters of Ecobank Uganda" (Map). Google Maps. Google. Retrieved 3 November 2016.
  4. 1 2 Ecobank Uganda Limited (28 April 2015). "Ecobank Uganda Limited: Statement of Financial Position As at 31 December 2014" (PDF). Kampala: Ecobank Uganda Limited. Retrieved 3 November 2016.
  5. ↑ Wallace, Paul (20 April 2015). "Ecobank's Profit Climbs After Pan-African Lender Curbs Expenses". Bloomberg News. Retrieved 3 November 2016.
  6. ↑ "Ecobank Specialised Subsidiaries". Ecobank Transnational. Retrieved 3 May 2014.
  7. ↑ Nantaba, Eriosi (17 October 2011). "East Africa: Eco Bank Has New Managing Director". Kampala: East Africa Business Week via AllAfrica.com. Retrieved 3 November 2016.
  8. ↑ "List of Ecobank Uganda Branches". Ecobank Uganda. Retrieved 3 May 2014.
  9. ↑ Ecobank Uganda Opens 10th Branch At Bugema University
  10. ↑ Mwesigwa, Alon (15 January 2014). "Uganda: Ecobank Opens Jinja Branch". The Observer (Uganda) via AllAfrica.com. Retrieved 3 May 2014.
  11. ↑ Osere, Emojong (7 March 2010). "Bank of Uganda Urges Banks To Go Rural". New Vision. Retrieved 3 May 2014.
  12. ↑ Ogwang, Joel (8 October 2013). "Uganda: 25 Years of Banking in Africa (Ecobank Supplement)". New Vision via AllAfrica.com. Retrieved 3 May 2014.
  13. ↑ Ssempijja, David (25 March 2010). "Uganda: Amuru District To Get First Bank". New Vision via AllAfrica.com. Retrieved 3 May 2014.

External links

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