Kenya Commercial Bank (Uganda)

Kenya Commercial Bank (Uganda)
Type	Public; USE :KCB
Industry	Banking
Founded	2007
Headquarters	Commercial Plaza; Kampala Road; Kampala, Uganda
Key people	Samwiri Njuki, Chairman; Albert Odongo Managing Director
Products	Loans, credit cards, savings, investments, mortgages
Revenue	Pretax: US$3.7 million (UGX:9.04 billion) (2011)
Total assets	US$122 million (KES:10.04 billion) (2011)
Employees	250+ (2009)
Website	Homepage

Kenya Commercial Bank (Uganda) (KCB), also known as KCB Uganda is a commercial bank in Uganda.

Overwiew

The bank focuses on meeting the banking needs of individuals and corporate entities. As of December 2011^[update] KCB Uganda had an asset base valued at over US$122 million (KES:10.04 billion), representing over 2% of total banking assets. Shareholders' funds were valued at about US$21.5 million (KES:1.77 billion).³ At that time, the bank's customer base exceeded 59,140 and customer deposits exceeded US$88 million (UGX:217.3 billion), accounting for about 3% of bank deposits in the country.⁴

Kenya Commercial Bank Group

Kenya Commercial Bank (Uganda) is a member of the KCB Group of companies. These include: ⁵ ⁶

Kenya Commercial Bank - Nairobi, Kenya
KCB Rwanda - Kigali, Rwanda
KCB South Sudan - Juba, South Sudan
KCB Tanzania - Dar es Salaam, Tanzania
KCB Uganda - Kampala, Uganda
KCB Foundation Limited - Nairobi, Kenya
KCB Sports Sponsorship Limited - Nairobi, Kenya
Savings & Loan Kenya Limited - Nairobi, Kenya

The KCB Group is the largest financial services group in East Africa, with an asset base valued at over US$3 billion. As of October 2011, KCB Group had the widest network of banking outlets consisting of over 220 branches in Kenya, Rwanda, South Sudan, Tanzania and Uganda.⁷

History

In November, 2007, the first branch of KCB Uganda opened in Kampala, Uganda's capital city, following licensing by the Bank of Uganda, the national banking regulator. Since then, the bank has opened fourteen more branches in the country. KCB Uganda is a 100% subsidiary of the KCB Group. The shares of KCB Group stock are traded on the following East African Stock Exchanges under the symbol "KCB": ⁸

In May 2011, media reports indicated that KCB Uganda was making plans to acquire a licensed financial services institution in Uganda, within the next two years.⁹

Branch network

As of May 2012^[update], KCB Uganda has a network of fourteen (14) branches in central, eastern, northern and western Uganda. Among the locations where the bank maintains branches are the following:¹⁰

Arua Branch - Arua
Gulu Branch - Gulu
Hoima Branch - Hoima
Jinja Branch - Jinja
Kampala Road Branch — Kampala Road, Kampala Main Branch
Ben Kiwanuka Branch — Ben Kiwanuka Street, Kampala
Luwuum Street Branch — Luwuum Street, Kampala
Sixth Street Branch — Sixth Street, Kampala
Oasis Mall Branch — Oasis Mall, Kampala
Ndeeba Branch - Ndeeba, Kampala¹¹
Lira Branch - Lira
Fort Portal Branch - Fort Portal
Mbale Branch - Mbale
Mbarara Branch - Mbarara

Officers & Management

The Chairman of the Board of Directors is Samwiri Njuki. The Managing Director is Albert Odongo. He was appointed to that position in June 2010 when his predecessor, James Agin, was promoted to Group Managing Director.¹²¹³

External links

References

[1] Albert Odongo Is Managing Director of KCB Uganda

[2] KCB Uganda Profit of 3.7 Million Dollars In 2011

[3] Audited December 2011 Group Financial Statement

[4] KCBU Accounted For 3% of National Banking Deposits In December 2011

[5] Member Companies of KCB Group

[6] Profile of KCB Group

[7] KCB Group Is Largest Bank Group In East East Africa

[8] KCB Listed on All Stock Exchanges in East Africa

[9] Kenya Commercial Bank Considering Ugandan Bank Acquisition

[10] Branches of KCB Uganda

[11] KCB Uganda Opens 14th Branch At Ndeeba

[12] Changes Made in Leadership at KCB Uganda

[13] Albert Odongo Appointed Managing Director of KCB Uganda

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