Kenya Commercial Bank (Uganda)
Encyclopedia
Kenya Commercial Bank (KCB), also known as KCB Uganda is a commercial bank in Uganda
.
The KCB Group is the largest financial services group in East Africa
, with an asset base valued at over US$3 billion. As of October 2011, KCB Group had the widest network of banking outlets consisting of over 220 branches in Kenya
, Rwanda
, South Sudan
, Tanzania
and Uganda
.
, Uganda's capital city
, following licensing by the Bank of Uganda
, the national banking regulator. Since then, the bank has opened fourteen more branches in the country. KCB Uganda is a 100% subsidiary of the KCB Group. The shares of KCB Group stock are traded on the following East African Stock Exchanges under the symbol "KCB":
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...
.
Overwiew
The bank focuses on meeting the banking needs of individuals and corporate entities. KCB Uganda had an asset base estimated at approximately US$77.1 million (UGX:177.4 billion). At that time, the bank's customer base exceeded 40,000 and customer deposits exceeded US$49 million (UGX:112.7 billion).Kenya Commercial Bank Group
Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include:- Kenya Commercial BankKenya Commercial BankKenya Commercial Bank is a financial services provider headquartered in Nairobi, Kenya. , it was among the three largest commercial banks in Kenya with assets of more than US$2.65 billion , and shareholders capital valued at US$486 million . The other two large Kenyan commercial banks are Barclays...
- NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east... - KCB Rwanda - KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
, RwandaRwandaRwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo... - KCB South Sudan - Juba, South SudanSouth SudanSouth Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
- KCB Tanzania - Dar es SalaamDar es SalaamDar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state... - KCB Uganda - 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...
, Uganda - KCB Foundation Limited - Nairobi, Kenya
- KCB Sports Sponsorship Limited - Nairobi, Kenya
- Savings & Loan Kenya Limited - Nairobi, Kenya
The KCB Group is the largest financial services group in East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
, with an asset base valued at over US$3 billion. As of October 2011, KCB Group had the widest network of banking outlets consisting of over 220 branches in Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
, South Sudan
South Sudan
South Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
and 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...
.
History
In November, 2007, the first branch of KCB Uganda opened 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...
, Uganda's capital city
Capital City
Capital City was a television show produced by Euston Films which focused on the lives of investment bankers in London living and working on the corporate trading floor for the fictional international bank Shane-Longman....
, following licensing 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. Since then, the bank has opened fourteen more branches in the country. KCB Uganda is a 100% subsidiary of the KCB Group. The shares of KCB Group stock are traded on the following East African Stock Exchanges under the symbol "KCB":
- Nairobi Stock ExchangeNairobi Stock ExchangeThe Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
- Uganda Securities ExchangeUganda Securities ExchangeThe Uganda Securities Exchange is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.The exchange's doors opened to trading in...
- Rwanda Stock ExchangeRwanda Stock ExchangeThe Rwanda Stock Exchange , is Rwanda's principal stock exchange. It was founded in January 2011. The RSE is operated under the jurisdiction of Rwanda's Capital Markets Advisory Council, , which in turn reports to National Bank of Rwanda, the country's Central Bank.The exchange's doors opened for...
- Dar es Salaam Stock Exchange
Branch network
, KCB Uganda has a network of fifteen (15) branches in central, eastern, northern and western Uganda. Among the locations where the bank maintains branches are the following:- Arua Branch - 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:...
- Gulu Branch - 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 - 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:...
- Jinja Branch - 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:...
- Main Branch - 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...
- Ben Kiwanuka Branch - Ben Kiwanuka Street, 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...
- Luwuum Street Branch - Luwuum Street, 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...
- Sixth Street Branch - Sixth Street, 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...
- Oasis Mall Branch - Oasis Mall, 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...
- Ndeeba Branch - NdeebaNdeeba-Location:Ndeeba is located on the southwestern edge of the city of Kampala. It is bordered by Mengo to the north, Katwe to the northeast, Kibuye to the east, Makindye and Najjanankumbi to the southeast, Kabowa to the south, Mutundwe to the west and Lubaga to the northwest...
, 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... - Lira Branch - 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 ....
- Fort Portal Branch - 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...
- Mbale Branch - 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 - 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:...
- Kabale Branch - 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:...
Officers & Management
- The Chairman of the Board of DirectorsBoard of directorsA board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
is Samwiri Njuki. The Managing Director is Albert Odongo. He was appointed to that position in June 2010 when his predecessor, James Agin, was promoted to Group Managing Director.
External links
- KCB Group Homepage
- KCB Uganda Homepage
- KCB Uganda Lost US$4.95 (KES:409.3 million), Aftertax, In 2010
See also
- KCB Group
- Kenya Commercial BankKenya Commercial BankKenya Commercial Bank is a financial services provider headquartered in Nairobi, Kenya. , it was among the three largest commercial banks in Kenya with assets of more than US$2.65 billion , and shareholders capital valued at US$486 million . The other two large Kenyan commercial banks are Barclays...
- 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...
- List of banks in Uganda