ABC Bank (Uganda)
Encyclopedia
ABC Bank, whose full name is ABC Capital Bank, is a commercial bank
in Uganda
. The bank provides banking services to large corporations, medium-sized businesses, small business enterprises as well as individuals. As of January 2010, the exact size of the bank's assets is not publicly known.
took over the operations of Capital Finance Corporation Limited, a Tier III Ugandan Financial Institution. As of January 2010, ABC Bank (Uganda) is listed as one of the twenty-three (23) licensed commercial banking institutions in the country.
is an investor in ABC Bank (Uganda). It has been reported in the Uganda
n media that ABC Bank Kenya bought 40% of Capital Finance Corporation, a Tier III Ugandan financial institution in 2008. As of January 2010, the shareholding in ABC Capital Bank, is summarized in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | ABC Bank (Uganda) Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||ABC Bank (Kenya)
||40.0
|-
|2||Others||60.0
|-
| ||Total||100.0
|-
|}
, Uganda's capital city. No other branches of the bank are known to exist at this time.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. The bank provides banking services to large corporations, medium-sized businesses, small business enterprises as well as individuals. As of January 2010, the exact size of the bank's assets is not publicly known.
History
ABC Bank (Uganda) started operations in 2009, when ABC Bank (Kenya)ABC Bank (Kenya)
ABC Bank , whose full name is African Banking Corporation Limited, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.-Overview:...
took over the operations of Capital Finance Corporation Limited, a Tier III Ugandan Financial Institution. As of January 2010, ABC Bank (Uganda) is listed as one of the twenty-three (23) licensed commercial banking institutions in the country.
Ownership
ABC Bank (Kenya)ABC Bank (Kenya)
ABC Bank , whose full name is African Banking Corporation Limited, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.-Overview:...
is an investor in ABC Bank (Uganda). It has been reported in the Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
n media that ABC Bank Kenya bought 40% of Capital Finance Corporation, a Tier III Ugandan financial institution in 2008. As of January 2010, the shareholding in ABC Capital Bank, is summarized in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | ABC Bank (Uganda) Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||ABC Bank (Kenya)
ABC Bank (Kenya)
ABC Bank , whose full name is African Banking Corporation Limited, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.-Overview:...
||40.0
|-
|2||Others||60.0
|-
| ||Total||100.0
|-
|}
Branch Network
As of January 2010, ABC Bank (Uganda) maintains its headquarters at Colline House, 4 Pilkington Road, KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, Uganda's capital city. No other branches of the bank are known to exist at this time.