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.[5]

Overview

Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. , it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of UGX:937 billion (US$264 million),[3] behind Stanbic Bank Uganda and Centenary Bank.[6], Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[7]

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.[2]

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.[3]

Branch network

, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[8][9][10]

• 1) Lugogo Branch: Forest Mall, 2-8 Lugogo Bypass Road, Lugogo, Kampala
• 2) Acacia Branch: Acacia Shopping Mall, Kololo, Kampala[11]
• 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

As of July 2024, the chairperson of the board of directors is Maria Kiwanuka, a former minister of finance in Uganda's cabinet. The managing director is Sanjay Rughani.[1]

Other considerations

As of July 2024, Stanchart Uganda was contemplating financing (a) the Uganda government's take-over of Umeme in March 2025 (b) the construction of several high voltage transmission lines and (c) the construction of several "oil roads".[1]

See also

• List of banks in Uganda

• Banking in Uganda

• Standard Chartered Kenya

• Standard Chartered Tanzania

• Standard Chartered Zambia

• Standard Chartered Zimbabwe

• Economy of Uganda

• James Mulwana

External links

• Standard Chartered Bank Uganda Homepage
• Bank of Uganda Website
• Standard Chartered reports strongest profits since 2016 As of 24 May 2020.