Imperial Bank Uganda
Encyclopedia
Imperial Bank Uganda, commonly known as Imperial Bank, is a commercial bank
in Uganda
. It is one of the twenty-three (23) licensed commercial banks in the country.
n banks which have declared their intentions of expanding their operations into the rest of East Africa
. The five include:
, a diversified Uganda
n business and manufacturing conglomerate
and (b) Imperial Bank Kenya, a medium-sized financial services provider, based in Nairobi
, Kenya
, having total assets of about US$230 million (KES:19.4 billion), as of June 2010.
of the bank is privately held. The detailed shareholding in Imperial Bank Limited is as depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Imperial 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||Imperial Bank Limited
of Kenya
||
|-
|2||Mukwano Group
of Uganda
||
|-
| ||Total||100.00
|-
|}
. Mr. Popat also serves as the Chairman of Imperial Bank Kenya.
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 small-sized retail bank that caters to both individuals and corporate clients. , the bank is the country's newest commercial bank, having commenced banking operations on 31 January 2011. The bank's total assets and owner's equity are not publicly known at this time. Imperial Bank Kenya is one of five (5) mid-sized KenyaKenya
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...
n banks which have declared their intentions of expanding their operations into the rest of 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:...
. The five include:
- Imperial Bank Kenya - Imperial Bank Uganda
- 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:...
- ABC Capital Bank - Family BankFamily BankFamily Bank Limited , commonly known as Family Bank, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.-Overview:...
- Ugandan subsidiary coming soon - Gulf African BankGulf African BankGulf African Bank , whose full name is Gulf African Bank Limited, is a commercial bank in Kenya. It is one of the forty-four banks licensed by the Central Bank of Kenya, the national banking regulator.-History:...
- Ugandan subsidiary coming soon - Bank of India KenyaBank of IndiaBank of India is a state-owned commercial bank with headquarters in Mumbai. Government-owned since nationalization in 1969, It is India's 4th largest bank, after State Bank of India, Punjab National Bank and Bank of Baroda. It has 3415 branches, including 29 branches outside India...
- Ugandan subsidiary coming soon
History
Imperial Bank Uganda was established in 2011, by two major investors, (a) Mukwano GroupMukwano Group
The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries.-Location:...
, a diversified 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 business and manufacturing conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
and (b) Imperial Bank Kenya, a medium-sized financial services provider, based in Nairobi
Nairobi
Nairobi 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...
, 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...
, having total assets of about US$230 million (KES:19.4 billion), as of June 2010.
Ownership
The 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...
of the bank is privately held. The detailed shareholding in Imperial Bank Limited is as depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Imperial 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||Imperial Bank Limited
Imperial Bank Limited
Imperial Bank Limited, commonly known as Imperial Bank, but also known as Imperial Bank Kenya, is a commercial bank in Kenya. It is one of the forty-four licensed commercial banks in the country.-Overview:...
of 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...
||
|-
|2||Mukwano Group
Mukwano Group
The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries.-Location:...
of 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...
||
|-
| ||Total||100.00
|-
|}
Branch network
, the locations where the bank branches can be found include:- Main Branch - 6 Hannington 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...
- Mukwano Mall Branch - Kyaggwe 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...
Governance
Alnashir Popat, a non-executive director of the bank, serves as the Chairman of the Board of DirectorsBoard of directors
A 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...
. Mr. Popat also serves as the Chairman of Imperial Bank Kenya.
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:...
- Imperial Bank Kenya
- 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...