Standard Chartered Bank (Uganda)
Encyclopedia
Standard Chartered Bank Limited, commonly known as Stanchart Uganda, is a commercial bank
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 banks 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.

Overview

Stanchart Uganda is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. , it is the second largest commercial bank in Uganda, by assets, with an estimated asset base of US$782.6 million (UGX:1.8 trillion), behind Stanbic Bank
Stanbic Bank (Uganda) Limited
Stanbic Bank Limited is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...

. The bank owns an estimated 16% of total bank assets in the country and maintains approximately 2.5% of all bank branches 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...

.

History

Founded in 1912, Standard Chartered Bank (Uganda), is the oldest commercial bank
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 the country.

Ownership

Stanchart Uganda is a subsidiary of the Standard Chartered Bank Group
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

, an International financial services 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...

, headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...

 in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.

Branch network

As of March 2010, the bank has a network of ten (10) interconnected branches at the following locations:
  1. Head Office - 5 Speke Road, Kampala
    Kampala
    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...

  2. City Branch - 9 William Street, Kampala
    Kampala
    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...

  3. Lugogo Branch - Lugogo Mall, Kampala-Jinja Highway
    Kampala-Jinja Highway
    Kampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...

    , Kampala
    Kampala
    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...

  4. Garden City Branch - Garden City Mall, 64 - 84 Yusuf Lule Road, Kampala
    Kampala
    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...

  5. Jinja Branch - 2-4 Grant Road, Jinja
    Jinja, Uganda
    Jinja 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:...

  6. Mbale Branch - 37 Republic Street, Mbale
    Mbale
    Mbale 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:...

  7. Mbarara Branch - 24 High Street, Mbarara
    Mbarara
    Mbarara 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:...

  8. Ntinda Branch - Ntinda Shopping Mall, 1 Kimera Road, Ntinda
    Ntinda
    -Location:Ntinda is bordered by Kyambogo to the east, Nakawa to the south, Naguru to the west, Bukoto to the northwest, Kigoowa to the north and Kiwaatule to the northeast. This location is approximately , by road, northeast of Kampala's central business district...

  9. Kikuubo Branch - 15 Nakivubo Road, Kampala
  10. Gulu Branch - 3 Andrea Olal Road, Gulu
    Gulu
    Gulu 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...

  11. Mortgage Branch - Garden City Mall, 64-84 Yusuf Lule Road, Kampala
    Kampala
    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...

     (Specializes in mortgage products)

Management Board

The Managing Director of Standard Chartered Bank (Uganda) is Lamin Manjang, a native of the Gambia, who has been with the Standard Chartered Group
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

 since 2000.

See also

  • List of banks in Uganda
  • Banking in Uganda
    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...

  • Standard Chartered Bank
    Standard Chartered Bank
    Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...

  • Standard Chartered Bank (Zambia)
    Standard Chartered Bank (Zambia)
    Standard Chartered Bank Plc., commonly known as Stanchart Zambia, is a commercial bank in Zambia. It is one of the eighteen commercial banks licensed by the Bank of Zambia, the national banking regulator.-Overview:...


External links

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