NC Bank Uganda

NC Bank Uganda
Private
Industry Financial services
Founded 2012
Headquarters Rwenzori House
Nakasero Road
Kampala, Uganda
Key people
 John Okulo
managing director[1]
Products Loans, savings, checking, investments, debit cards, credit cards
Revenue IncreaseAftertax:UGX:1.3 billion (2015)[2]
Total assets UGX:156.8 billion (2014)
Website Homepage

NC Bank Uganda (NCBU), whose complete name is NC Bank Uganda Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the country's central bank and national banking regulator.[3]

Overview

NCBU is a small financial services provider in Uganda, focusing on meeting the banking needs of small and medium enterprises and large corporations. As of December 2014, the total assets of the bank were valued at UGX:156.8 billion.[4] The bank is a wholly owned subsidiary of the NIC Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, and Uganda.

History

The bank was founded in 2012 and received a commercial banking license from the Bank of Uganda in April 2012.[5] The bank opened for business in May 2012.[6]

Branches

As of July 2012, the bank maintained networked branches at the following locations:

  1. Nakasero Branch - Rwenzori House, Nakasero Road, Nakasero, Kampala Main Branch

See also

References

  1. ↑ Nalubega, Flavia (8 June 2012). "New banks kick off operations amid market volatilities". Daily Monitor. Retrieved 14 August 2015.
  2. ↑ Muhumuza, Mark Keith (15 April 2015). "NC Bank profits up as loan defaults hit Shs10 billion". Daily Monitor. Kampala. Retrieved 15 April 2016.
  3. ↑ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 16 December 2015.
  4. ↑ Kyokunzire, Edna (13 August 2015). "NC Bank gets Shs10b fund to improve competitiveness". Daily Monitor. Kampala. Retrieved 14 August 2015.
  5. ↑ "Bank of Uganda Licenses Two New Banks In 2012". Bank of Uganda. Retrieved 4 May 2014.
  6. ↑ Nation, Correspondent (April 2012). "NIC to open Uganda branch in growth drive". Daily Nation. Retrieved 14 August 2015.
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