Citibank Uganda
Encyclopedia
Citibank Uganda Limited, also referred to as Citibank Uganda, is a commercial bank
in Uganda
. It is one of the regulated banking institutions licensed by the Bank of Uganda
, the national banking regulator.
, which in turn is a subsidiary of Citigroup
, an International financial services organization, that maintains its headquarters in the United States of America, and whose shares are quoted on the New York Stock Exchange
and on the Tokyo Stock Exchange
.
, the national Central Bank
and banking regulalor in the country. In December 2009, Cutibank Uganda Celebtrated 10 Years in business, having grown shareholders capital from UGX:5.2 billion (about US$2.6 million) in 1999 to UGX:102 billion (about US$51 million) in 2009.
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 regulated banking institutions licensed by 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:...
, the national banking regulator.
Overwiew
The bank is a medium-sized International bank that focuses on meeting the banking needs of large corporate customersas as well as those of individuals with high networth. , the bank's total asset valuation was approximately US$282 million (661.8 billion). At that time, shareholder's capital was estimated at about US$65 million (UGX:152.9 billion).. The bank is a 100% subsidiary of Citicorp of New YorkNew York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, which in turn is a subsidiary of Citigroup
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
, an International financial services organization, that maintains its headquarters in the United States of America, and whose shares are quoted on the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
and on the Tokyo Stock Exchange
Tokyo Stock Exchange
The , called or TSE for short, is located in Tokyo, Japan and is the third largest stock exchange in the world by aggregate market capitalization of its listed companies...
.
History
Citibank Uganda Limited was established in 1999 and began commercial banking activities following the issuance of a banking licence by the Bank of UgandaBank 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:...
, the national 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...
and banking regulalor in the country. In December 2009, Cutibank Uganda Celebtrated 10 Years in business, having grown shareholders capital from UGX:5.2 billion (about US$2.6 million) in 1999 to UGX:102 billion (about US$51 million) in 2009.
External links
- Website of Citibank Uganda Limited
- Website of the Bank of Uganda
- Website of Citigroup
- Company Profile At Bloomberg Businessweek
- Company Profile At Findlaw.com
- Citibank Uganda Partners In Nie Project
See also
- List of banks in Uganda
- Bank of UgandaBank of UgandaThe 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:...
- CitigroupCitigroupCitigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
- Economy of UgandaEconomy of UgandaEndowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits, it is thought that Uganda could feed the whole of Africa if it was commercially farmed. The economy of Uganda has great potential, and it appeared poised for rapid economic growth and...