Centenary Bank
Encyclopedia
Centenary Bank is a commercial bank
in Uganda
. It is one of the twenty-three(23) licensed commercial banks in the country.
. It is primarily involved in the promotion of development through loans to rural farmers, processors of agricultural produce, small manufacturers, small traders, importers and exporters. While engaged in all areas of commercial banking, Centenary Bank has a significant portion of its portfolio in the microfinance
arena in an attempt to meet the needs of the many individuals and business entities with limited means that the bank serves. , Centenary Bank had an asset base that was valued at about US$344.7 million (UGX:807 billion)). with shareholder's equity of approximately US$50.3 million (UGX:115.6 billion).
was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT). In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank
in 1993, after receiving a banking license from the Bank of Uganda
, Uganda
's Central Bank
. As of December 2010, Centenary Bank was the 4th largest commercial bank
in Uganda
, with an asset base estimated at US$344.7 million, representing approximately 7% of all bank assets in the country at that time. Centenary Bank is the largest indigenous
Uganda
n bank.
is owned by the following corporate entities and individuals:
{| style="font-size:95%;"
|-
| width="80%" align="center" | Centenary Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Roman Catholic Dioceses of Uganda||39.00
|-
|2||Uganda Roman Catholic Secretariat
||31.00
|-
|3||Stitching Hivos-Triodos Fonds
||18.00
|-
|4||SIDI
||11.00
|-
|5||Ugandan Individuals
||01.00
|-
| ||Total||100.00
|-
|}
. As of December 2009, the bank is in the process of building permanent headquarters, Mapeera House
, on Kampala Road opposite City Square. Centenary Bank has a network of thirty six (36) bank branches in central, western, northern and eastern Uganda
. The bank boasts of over 875,000 deposit customers and over 109,000 loan accounts. Centenary Bank has the third largest branch network in Uganda
, behind Stanbic Bank
and Barclays Bank. The majority of the bank's branches are in rural areas and the bank plans to open more branches in future. The branches of the bank include the following locations:
In addition to the networked fixed branches, Centenarty Bank maintains twenty-one (21) free-stanting ATMs
in various urban centers in all regions of Uganda
.
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...
. It is one of the twenty-three(23) licensed commercial banks in the country.
Overview
The bank is a mid-sized financial services provider in UgandaUganda
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...
. It is primarily involved in the promotion of development through loans to rural farmers, processors of agricultural produce, small manufacturers, small traders, importers and exporters. While engaged in all areas of commercial banking, Centenary Bank has a significant portion of its portfolio in the microfinance
Microfinance
Microfinance is the provision of financial services to low-income clients or solidarity lending groups including consumers and the self-employed, who traditionally lack access to banking and related services....
arena in an attempt to meet the needs of the many individuals and business entities with limited means that the bank serves. , Centenary Bank had an asset base that was valued at about US$344.7 million (UGX:807 billion)). with shareholder's equity of approximately US$50.3 million (UGX:115.6 billion).
History
The bankBank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT). In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank
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 1993, after receiving a banking license from the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, 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...
's Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
. As of December 2010, Centenary Bank was the 4th largest commercial bank
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...
, with an asset base estimated at US$344.7 million, representing approximately 7% of all bank assets in the country at that time. Centenary Bank is the largest indigenous
Indigenous
Indigenous means: belonging to a certain place.Indigenous may refer to:In Ecology and Geography*Indigenous resources, resources which exist within local geography, that are not imported...
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 bank.
Ownership
The bank's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is owned by the following corporate entities and individuals:
{| style="font-size:95%;"
|-
| width="80%" align="center" | Centenary Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Roman Catholic Dioceses of Uganda||39.00
|-
|2||Uganda Roman Catholic Secretariat
Roman Catholic Church
The Catholic Church, also known as the Roman Catholic Church, is the world's largest Christian church, with over a billion members. Led by the Pope, it defines its mission as spreading the gospel of Jesus Christ, administering the sacraments and exercising charity...
||31.00
|-
|3||Stitching Hivos-Triodos Fonds
Triodos
Triodos might refer to:* a settlement in the Greek prefecture of Messinia** Triodos Airport* Triodos Bank which is a pioneer in ethical banking...
||18.00
|-
|4||SIDI
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
||11.00
|-
|5||Ugandan Individuals
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...
||01.00
|-
| ||Total||100.00
|-
|}
- Stitching Hivos-Triodos Fonds is a fully owned subsidiary of Triodos BankTriodos BankTriodos Bank N.V. is a bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It is a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment...
, a DutchNetherlandsThe Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
Investment Bank. - SIDI is a FrenchFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
Investment Bank.
Branch Network
Centenary Bank has its headquarters in 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...
. As of December 2009, the bank is in the process of building permanent headquarters, Mapeera House
Mapeera House
Mapeera House is a building under construction in Kampala, Uganda's capital and largest city.-Location:The skyscraper is located on Kampala Road, the main business street in Kampala. This location lies within the central business district of Uganda's capital city...
, on Kampala Road opposite City Square. Centenary Bank has a network of thirty six (36) bank branches in central, western, northern and eastern 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 boasts of over 875,000 deposit customers and over 109,000 loan accounts. Centenary Bank has the third largest branch network 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...
, behind Stanbic Bank
Stanbic Bank (Uganda) Limited
Stanbic Bank Limited is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
and Barclays Bank. The majority of the bank's branches are in rural areas and the bank plans to open more branches in future. The branches of the bank include the following locations:
- Entebbe Road Branch - Talenta House, 7 Entebbe Road, KampalaKampalaKampala 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...
Current Main Branch - Entebbe Road Annex Branch - 18-20 Entebbe Road, KampalaKampalaKampala 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...
- Amber House Branch - Speke Road, KampalaKampalaKampala 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...
- Mapeera House Branch - Mapeera HouseMapeera HouseMapeera House is a building under construction in Kampala, Uganda's capital and largest city.-Location:The skyscraper is located on Kampala Road, the main business street in Kampala. This location lies within the central business district of Uganda's capital city...
, Kampala Road, KampalaKampalaKampala 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...
Future Main Branch - Arua Branch - 3 Avenue Road, AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Bugiri Branch - 117 Grant Street, off Iganga-Tororo Highway, BugiriBugiriBugiri is a town in Eastern Uganda. It is the 'chief town' of Bugiri District and the district headquarters are located there. The district is named after the town.-Location:...
- Fort Portal Branch - 4 Rukidi III 7th Street, Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Gulu Branch - 426 Gulu Street, GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Hoima Branch - 41-43 Fort Portal Road, HoimaHoimaHoima is a town in Western Uganda. It is main municipal, administrative and commercial center of Hoima District in Uganda. It is also the location of the palace of the Omukama of Bunyoro.-Location:...
- Ibanda Branch - 4 Main Street, IbandaIbandaIbanda is a town in Western Uganda. It is the 'chief town' of Ibanda District and the district headquarters are located there. The district was named after the town.-Location:...
- Jinja Branch - 6 Nizam Road, JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Ishaka Branch - 432 Rukungiri Road, IshakaIshakaIshaka is a town in south-western Uganda. It is one of the municipalities in Bushenyi District.-Location:Ishaka is located in Igara County, Bushenyi District, in Western Uganda. It is located approximately , by road, west of Mbarara, the largest city in the sub-region...
- Kabale Branch - 129 Kabale Road, KabaleKabaleKabale is a city in Western Uganda. It is the 'chief town' of Kabale District and the district headquarters are located there. The district is named after the town.-Location:...
- Kasese Branch - 13-14 Portal Street, KaseseKaseseKasese is a town in Western Uganda, lying north of Lake George. It originally grew around the copper mine at Kilembe, while attention later turned to cobalt mining. It is the 'chief town' of Kasese District and the district headquarters are located there...
- Kapchorwa Branch - 1 Market Street, KapchorwaKapchorwaKapchorwa is a town in Eastern Uganda. It is the main municipal, commercial and administrative center of Kapchorwa District. The district is named after the town.-Location:...
- Kayunga Branch - Main Street, KayungaKayungaKayunga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kayunga District. The district is named after the town.-Location:...
- Kiboga Branchh - 101 Hoima Road, KibogaKibogaKiboga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kiboga District and the district headquarters are located there...
- Kitgum Branch - 7-8 Ogwok Road, KitgumKitgumKitgum is a municipality in Kitgum District, in Northern Uganda. The town is administered by Kitgum Town Council, an Urban Local Government within Kitgum District Administration...
- Kyenjojo Branch - 2-6 Nyantongo Road, KyenjojoKyenjojoKyenjojo District is a district in Western Uganda. Like most Ugandan districts, it is named after its 'chief town', Kyenjojo, where the district headquarters are located.-Location:...
- Kyotera Branch - 6 Kyotera Road, KyoteraKyotera-Location:Kyotera is located approximately , by road, south of Masaka, the largest city in the sub-region. This location is approximately , by road, northeast of Rakai, where the district headquarters are located...
- Lira Branch - 21 Lira Avenue, LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Masaka Branch - 6 Edward Avenue, MasakaMasakaMasaka is a town in Central Uganda, lying west of Lake Victoria. It is the chief town of Masaka District. Besides being the headquarters of Masaka District, the town is the regional headquarters and largest metropolitan area in Lyantonde District, Sembabule District, Lwengo District, Bukomansimbi...
- Mbale Branch - 54 Republic Street, MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Mbarara Branch - 25-27 High Street, MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Mityana Branch - 50 Corner House, MityanaMityanaMityana is a town in Uganda's Central Region. It is the main municipal, administrative and commercial center of Mityana District and the district headquarters are located there. The district is named after the town.-Location:...
- Mubende Branch - MubendeMubendeMubende is a town in Central Uganda. It is the main municipal, administrative and commercial center of Mubende District and is the location of the district headquarters. Mubende is the sister city of Tumwater, Washington, USA.-Location:...
- Mukono Branch - Kampala-Jinja HighwayKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, Mukono - Nakivubo Road Branch - Mukwano Arcade, KampalaKampalaKampala 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...
- Namirembe Road Branch - 16 Namirembe Road, KampalaKampalaKampala 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...
- Nateete Branch - Masaka Road, KampalaKampalaKampala 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...
- Ntungamo Branch - Kabale Road, NtungamoNtungamoNtungamo is a town in Western Uganda. It is the largest town in Ntungamo District and the district headquarters are located there. The district is named after the town.-Location:...
- Nebbi Branch - 1-5 Bishop Orombi Road, NebbiNebbiNebbi is a town in Northern Uganda. It is the 'chief town' of Nebbi District and the district headquarters are located there. The district was named after the town.-Location:...
- Rukungiri Branch -910 Kinyasono Road, RukungiriRukungiriRukungiri is a town in Western Uganda. It is the 'chief town' of Rukungiri District and the district headquarters are located there. The district was named after the town in 1980.-Location:...
- Soroti Branch - 36 Gweri Road, SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
- Tororo Branch - 3 Uhuru Drive, TororoTororoTororo is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Tororo District. The district was named after the town.-Location:...
- Wakiso Branch - 214 Main Street, Wakiso
- Wobulenzi Branch - 249 Gulu Road, WobulenziWobulenzi-Location:Wobulenzi is located approximately , by road, north of Kampala, Uganda's capital and largest city, on the highway to Masindi. The road is a busy, all-weather tarmac highway...
- Bwaise Branch - 526 Bombo Road, BwaiseBwaise-Location:Bwaise is bordered by Kawempe to the north, Kyebando to the east, Mulago to the southeast, Makerere to the south and Kasubi to the southwest. This location is approximately , by road, north of Kampala's central business district...
- Masindi Branch - 59-61 Masindi Port Road, MasindiMasindiMasindi is a town in Western Uganda, which lies on the road from Kampala to the Murchison Falls National Park. It is the 'chief town' of the Masindi District and the district headquarters are located there...
In addition to the networked fixed branches, Centenarty Bank maintains twenty-one (21) free-stanting ATMs
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
in various urban centers in all regions of Uganda
Regions of Uganda
Uganda comprises four regions, which are in turn divided into districts.*Central Region *Eastern Region *Northern Region *Western Region...
.
Directors
Centenary Bank is governed by a twelve (12) person Board of Directors of whom two (2) are Executive Directors and ten (10) are non-Executive. The Chairman of the Board is Professor John Ddumba Ssentamu, one of the non-Executive Directors.Management Board
The Managing Director of Centenary Bank is Fabian Kasi. He is assisted by nine (9) other managers in supervising the normal operations of the bank.See also
- Mapeera HouseMapeera HouseMapeera House is a building under construction in Kampala, Uganda's capital and largest city.-Location:The skyscraper is located on Kampala Road, the main business street in Kampala. This location lies within the central business district of Uganda's capital city...
- Banking in UgandaBanking in Uganda-The early years:Prior to Uganda’s independence in 1962, Government-owned institutions dominated most banking in Uganda. In 1966 the Bank of Uganda, which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank. Uganda Commercial Bank, which had fifty...
- Triodos BankTriodos BankTriodos Bank N.V. is a bank based in the Netherlands with branches in Belgium, Germany, United Kingdom and Spain. It is a pioneer in ethical banking. Triodos Bank finances companies which it thinks add cultural value and benefit both people and the environment...
- List of banks in Uganda