KCB Bank Uganda Limited

KCB Bank Uganda Limited, also KCB Bank Uganda, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[3]

KCB Bank Uganda Limited
TypeSubsidiary of Kenya Commercial Bank Group
USE :KCB
NSE :KCB
IndustryBanking
Founded2007 (2007)
HeadquartersCommercial Plaza
Kampala Road
Kampala, Uganda
Key people
Aga Ssekalaala, Jr.
Chairman
Joram Kiarie
CEO[1]
ProductsLoans, credit cards, savings, investments, mortgages
Revenue Aftertax: KES:377 million (US$3.54 million) (2018)[2]
Total assetsKES:18.77 billion (US$176 million) (2018)[2]
Number of employees
420 (2015)
WebsiteHomepage

Location

Te headquarters of KCB Bank Uganda are located at Commercial Plaza Complex, 7 Kampala Road, in the central business district of Kampala, Uganda's capital city.[4] The geographical coordinates of the bank's headquarters are: 0°18'46.0"N, 32°35'12.0"E (Latitude:0.312778; Longitude:32.586667).[5]

Overview

KCB Bank Uganda focuses on meeting the banking needs of individuals, corporate entities and small to medium enterprises. As of 31 December 2018, KCB Uganda had assets of KES:18.77 billion (US$176 million).[2]

Kenya Commercial Bank Group

Kenya Commercial Bank Uganda is a wholly owned subsidiary of the KCB Group, a financial services conglomerate, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, South Sudan, Burundi and Uganda, with a representative office in Ethiopia.[2][6] The shares of stock of KCB Group are listed on the Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange under the symbol: KCB[7] As of 30 June 2019, KCB Group had total assets of KES:746.51 billion (US$7.46 billion).[8]

History

In November 2007, the first branch of KCB Bank Uganda opened in Kampala, Uganda's capital city, following licensing by the Bank of Uganda. Since then, the bank has opened fifteen more branches in the country. In November 2017, e bank marked 10 years of presence in the country. At that time, KCB had sixteen branches, eight of them in Kampala and eight others in major cities and towns around Uganda.[9]

Branch network

As of July 2020, KCB Uganda had sixteen branches in all the regions of Uganda, including at the following locations.[10]

  1. Arua Branch - Arua
  2. Gulu Branch - Gulu
  3. Lira Branch - Lira
  4. Fort Portal Branch - Fort Portal
  5. Jinja Branch - Jinja
  6. Hoima Branch - Hoima[11]
  7. Kampala Road Branch — Kampala Road, Kampala Main Branch[12]
  8. Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala[13]
  9. Luwum Street Branch — Luwum Street, Kampala
  10. Sixth Street Branch — Sixth Street, Industrial Area, Kampala
  11. Oasis Mall Branch — Oasis Mall, Kampala Central Division, Kampala
  12. Ndeeba Branch - Ndeeba, Kampala[14]
  13. Mbale Branch - Mbale[15]
  14. Mbarara Branch - High Street, Mbarara[16]
  15. Kikuubo Branch - Kikuubo - Kampala
  16. Forest Mall Branch - Forest Mall, Lugogo Bypass, Kampala[17]

Governance
  • The chairman of the board of directors is Aga Ssekalaala, Jr. The managing director is Joram Kiarie who replaced Albert Adongo.[18]

See also

References
  1. Ismail Musa Ladu (6 November 2014). "KCB To Invest UShs40b In Housing Project". Daily Monitor. Kampala. Retrieved 6 November 2014.
  2. African Financials (31 December 2018). "KCB Group 2018 Annual Report: KCB Bank Uganda". Africanfinancials.com. Retrieved 21 July 2020.
  3. Bank of Uganda (30 June 2020). "List of licensed Commercial Banks as at 30 June 2020" (PDF). Kampala: Bank of Uganda. Retrieved 21 July 2020.
  4. KCB Bank Uganda (21 July 2020). "KCB Bank Uganda: Contact Details". Kampala: KCB Bank Uganda Limited. Retrieved 21 July 2020.
  5. Google (21 July 2020). "Location of headquarters of Kenya Commercial Bank Uganda Limited" (Map). Google Maps. Google. Retrieved 21 July 2020.
  6. Nicholas Waitathu (1 May 2014). "KCB Group first quarter profit jumps 31pc". The Standard (Kenya). Nairobi. Retrieved 21 July 2020.
  7. The Independent (29 November 2008). "Cross-listed KCB banks on electronic trading". The Independent (Uganda). Kampala. Retrieved 21 July 2020.
  8. James Anyanzwa (16 September 2019). "Equity, KCB buyouts: The making of $15b region's banking giants". The EastAfrican. Nairobi. Retrieved 21 July 2020.
  9. Nicholas Oneal (15 November 2017). "KCB Marks 10 Years In Uganda". New Vision. Kampala. Retrieved 21 July 2020.
  10. KCB Bank Uganda (21 July 2020). "KCB Bank Uganda: Branch Locator". Kampala: Kenya Commercial Bank Uganda Limited. Retrieved 21 July 2020.
  11. The World Trade Review (April 2009). "KCB New Branch Drive Boosts Regional Trade" (Archived from the original on 4 December 2014). The World Trade Review. Retrieved 21 July 2020.
  12. Mbatau wa Ngai (15 June 2008). "KCB Group In Rapid Growth". Daily Monitor. Kampala. Retrieved 21 July 2020.
  13. Wambui Oyulu (20 January 2009). "KCB Ben Kiwanuka Opens". New Vision. Kamala. Retrieved 21 July 2020.
  14. Muhumuza, Mark (18 October 2010). "Kenya: Nation Bank Targets Small Regional Businesses". East African Business Week. Kampala. Retrieved 20 April 2016.
  15. Karanja, Michael (25 November 2009). "Kenya Commercial Bank Expands In Uganda". Nairobi: 98.4 Capital FM. Retrieved 27 November 2014.
  16. Bifubyeka, Ebenezer (17 June 2008). "KCB Opens Mbarara Branch". New Vision (Kampala). Archived from the original on 5 December 2014. Retrieved 27 November 2014.
  17. Ladu, Ismail Musa (26 November 2014). "Bank of Uganda Mulls Agency Banking As It Moves Services Closer To The Public". Daily Monitor. Kampala. Retrieved 27 November 2014.
  18. Osere, Emojong (29 May 2010). "KCB Uganda Changes Top Bosses". New Vision. Kampala. Archived from the original on 4 May 2014. Retrieved 4 May 2014.
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