Mercantile Credit Bank
Encyclopedia
Mercantile Credit Bank Limited, commonly referred to as Mercantile Credit Bank (MCB), is a credit institution (Tier II Financial Institution
) in Uganda
.
's Industrial Area
. This location is approximately four (4) city blocks southeast of Garden City Mall and Hotel Africana
, both located within the city's central business district
. The coordinates of the headquarters of MCB are:00 10 07N, 32 35 57E (Latitude:0.3185; Longitude:32.5985).
(MFI). As a credit institution, it is not authorized to establish checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and establish savings accounts. It is also authorized to make collateralized and non-collateralized loans to savings and non-savings customers. Its activities are supervised by the Bank of Uganda
, Uganda's Central Bank
.
Banking 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...
) 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...
.
Location
The headquarters of Mercantile Credit Bank are located at 10 Old Port Bell Road, 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...
's Industrial Area
Industrial region
Industrial region or industrial area refers to a region with extremely dense industry. It is usually heavily urbanized.-Brazil:*ABCD Region, sometimes called ABC is an industrial region made up of seven municipalities with the greater metropolitan area of São Paulo, Brazil.-Korea:*Kaesŏng...
. This location is approximately four (4) city blocks southeast of Garden City Mall and Hotel Africana
Hotel Africana
Hotel Africana is a hotel in Kampala, Uganda's capital city and largest metropolitan area.-Location:The hotel is located on Wampewo Avenue, on Kololo Hill, adjacent to Garden City Mall in Kampala's central business district...
, both located within the city's central business district
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
. The coordinates of the headquarters of MCB are:00 10 07N, 32 35 57E (Latitude:0.3185; Longitude:32.5985).
Overview
Mercantile Credit Bank Limited is a Tier II Financial InstitutionBanking 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...
(MFI). As a credit institution, it is not authorized to establish checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and establish savings accounts. It is also authorized to make collateralized and non-collateralized loans to savings and non-savings customers. Its activities are supervised 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:...
, Uganda'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...
.
Branch Network
, the institution maintains branches at the following locations:- Main Branch - Industrial AreaIndustrial regionIndustrial region or industrial area refers to a region with extremely dense industry. It is usually heavily urbanized.-Brazil:*ABCD Region, sometimes called ABC is an industrial region made up of seven municipalities with the greater metropolitan area of São Paulo, Brazil.-Korea:*Kaesŏng...
, 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... - Kikuubo Branch - Nakivubo Lane, 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...
- Mbarara Branch - 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:...
- 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:...
- 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:...