Standard Chartered Uganda


Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.

Overview

Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises., it was the fourth largest commercial bank in Uganda by assets, with an asset base of UGX:3.154 trillion, with shareholders' equity of
UGX:686.02 billion, behind Stanbic Bank Uganda, Centenary Bank and Absa Bank Uganda., Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country. Other credible sources have put the bank's total assets at UGX:3.3 trillion, as of February 2017.

History

Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding. In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of May 2018, Stanchart Uganda had 9 branches and 29 automated teller machines and employed over 600 people.

Ownership

Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom.

Branch network

, the bank had a network of interconnected branches at the following locations, arranged alphabetically:
  1. Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
  2. Acacia Branch: Acacia Shopping Mall, Kololo, Kampala
  3. City Branch - 9 William Street, Kampala
  4. Jinja Branch - 2-4 Grant Road, Jinja
  5. Freedom City Branch - 4010 Kampala-Entebbe Road, Namasuba, Kampala
  6. Garden City Branch - Garden City Shopping Mall, 64-84 Yusuf Lule Road, Kampala
  7. Speke Road Branch - 5 Speke Road, Kampala Head Office
  8. Kikuubo Branch - Kikuubo Lane, Kampala
  9. Village Mall Branch - Village Mall, 3 Bandali Rise, Bugoloobi, Kampala

    Governance

The chairman of the board of directors is Robin Kibuuka. The managing director is Albert Saltson. Saltson is a native of Ghana and he served as the managing director and chief executive officer of Standard Chartered Gambia, prior to re-assignment to Uganda. During his more than 25 years at Standard Chartered, he has had stints in Ghana and Sierra Leone.