Exim Bank (Uganda)


Exim Bank , commonly known as Exim Bank, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator. EBU is a subsidiary of Exim Bank Tanzania, which also has subsidiaries in Tanzania, Comoros, and Djibouti.

Overview

This bank provides services to both individuals and corporate clients. As of March 2016, the bank's total assets were valued at approximately US$100 million, with about 180+ members of staff. EBU is a subsidiary of Exim Bank, a large Tanzanian financial services company with subsidiaries in Tanzania, Comoros, Djibouti, and Uganda.

History

Exim Bank Uganda was established in 2011 as Imperial Bank Uganda by two major investors, Mukwano Group, a diversified Ugandan business and manufacturing conglomerate, and Imperial Bank Kenya, a medium-sized financial services provider, based in Nairobi, Kenya.
On 13 October 2015, following the death of the Imperial Bank Group's managing director, the Central Bank of Kenya placed Imperial Bank Kenya under statutory management due to "unsafe and unsound business conditions to transact business" at the parent company. BOU took over Imperial Bank Uganda the same day. BOU promptly put the Imperial Bank Group's shareholding on sale. On 7 March 2016, Exim Bank acquired the ownership interest that Imperial Bank Kenya formerly had in this bank and re-branded it to Exim Bank.

Ownership

The stock of the bank is privately held. The detailed shareholding in Exim Bank as of March 2016 is depicted in the table below:
RankName of OwnerPercentage Ownership
1Exim Bank of Tanzania58.6
2Amazal Holdings Limited of Uganda36.5
3Export Finance Limited of Uganda4.9
Total100.00

Branch network

As of August 2018, the locations of the bank's branches included the following:
  1. Main Branch - 6 Hannington Road, Kampala
  2. Kyaggwe Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road, Kampala
  3. Kikuubo Branch - 24 Kikuubo Lane, Kampala
  4. Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo, Kampala

    Governance

The Chairperson of the EBU Board is Mrs. Sarah Nanziri Bagalaaliwo, a non-Executive Director. The Chief Executive Officer is Mr. Sabhapathy T. Krishnan, who is a non-shareholder.
TypePrivate
IndustryFinancial Services
Founded2011
Headquarters6 Hannington Road
Kampala, Uganda
Key people - Chairperson
Sabhapathy T. Krishnan - CEO
Products, , , ,  , , , and others.
RevenueAftertax:US$764,100
Total assetsUS$100 million
Number of employees100+
ParentExim Bank
WebsiteHomepage