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Exim Bank (Uganda)

Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda (BOU), the central bank and national banking regulator.[3] EBU is a member of the Exim Bank Group (East Africa), a large financial services conglomerate with subsidiaries in Tanzania, Comoros, Uganda and Djibouti. The group also maintains a representative office in Ethiopia.[4]

Overview

This bank provides services to both individuals and corporate clients. As of December 2019, the bank's total assets were valued at approximately UGX 341.2 billion (approx. US$90.907 million). At that time, the bank's customer deposits were UGX 275.6 billion (approx. US$73.429 million).[5]

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.[6]

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.[7][8] BOU promptly put the Imperial Bank Group's shareholding on sale.[9] On 7 March 2016, Exim Bank (Tanzania) acquired the ownership interest that Imperial Bank Kenya formerly had in this bank and re-branded it to Exim Bank (Uganda).[10][11]

Ownership

The stock of the bank is privately held. The detailed shareholding in Exim Bank (Uganda) as of March 2016 is depicted in the table below:[12][13]

Branch network

As of July 2022, the locations of the bank's branches included the following:[14]

  • 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
  • 5) Nakawa Branch - Plot 1–2, Enterprise Close, Ntinda Industrial Area, Nakawa Division, Kampala
  • 6) Industrial Area Branch - 86-96 Sixth Street, Industrial Area, Kampala
  • 7) Kisenyi Branch - Kafumbe Mukasa Road, Kisenyi, Kampala.

Governance

The Chairperson of the EBU Board is Sarah Nanziri Bagalaaliwo, a non-Executive Director. The Chief Executive Officer is Henry Lugemwa Kyanjo, who is a non-shareholder.[15]

See also

External links

References

  1. The Independent. Exim Bank takes over Imperial Bank The Independent (Uganda), 7 March 2016, retrieved 7 March 2016^
  2. Exim Bank Tanzania. Exim Bank now in 'Uganda' Exim Bank Tanzania, 7 March 2016, retrieved 7 March 2016^
  3. Bank of Uganda. List of Licensed Commercial Banks As At June 2022 Bank of Uganda, 30 June 2022, retrieved 19 July 2022^
  4. CEO Business Africa. Exim Bank Group establishes presence in Ethiopia market by opening a representative office CEOBusinessAfrica.com, 26 November 2022, retrieved 19 July 2022^
  5. George Mangula. Exim Bank and Mercantile Credit Bank post mixed financial results SecondOpinion.co.ug, 2 May 2020, retrieved 19 July 2022^
  6. Isaac Khisa. Uganda: Kenya Bank Joins Market Daily Monitor, 4 February 2011, retrieved 19 July 2022^
  7. and Brian Ngugi George Ngigi. Central Bank of Kenya puts Imperial Bank under statutory management Daily Nation, 13 October 2015, retrieved 7 March 2016^
  8. Daily Monitor. Bank Of Uganda takes over operations of Imperial Bank Daily Monitor, 13 October 2015, retrieved 7 March 2016^
  9. Geoffrey Irungu. Uganda puts Imperial Bank's stake in Kampala unit on sale Business Daily Africa, 22 October 2015, retrieved 7 March 2016^
  10. Martin Luther Oketch. Exim Bank Tanzania takes over Imperial Bank Uganda Daily Monitor, 7 March 2016, retrieved 7 March 2016^
  11. Daily Monitor. Imperial Bank to get Shs12b in sale of Uganda subsidiary Daily Monitor, 9 March 2016, retrieved 19 July 2022^
  12. Samuel Sanya. Tanzania's Exim Bank takes over Imperial Bank Uganda New Vision, 7 March 2016, retrieved 7 March 2016^
  13. Brian Coutinho. Uganda: Tanzanian Bank Goes After Ugandan Clients East African Business Week, 12 March 2016, retrieved 14 March 2016^
  14. Exim Bank Uganda. The Branches And ATMs of Exim Bank Uganda Exim Bank Uganda, 19 July 2022, retrieved 19 July 2022^
  15. Exim Bank Uganda. Members of the Board of Directors of Exim Bank Uganda Exim Bank Uganda, 19 July 2021, retrieved 19 July 2022^