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Centenary Bank

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Centenary Bank

Centenary Bank
Type Private
Industry Financial Services
Founded 1983
Headquarters Mapeera House
44-46 Kampala Road
Kampala, Uganda
Key people John Ddumba Ssentamu
Chairman
Fabian Kasi
Managing Director[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase Aftertax: US$21.6 million (UGX:54.9 billion) (2012)[2]
Total assets US$442 million (UGX:1.12+ trillion) (2012)
Employees 1,767 (2012)[3]
Website Homepage

Centenary Bank is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.[4]

Overview

The bank is a large financial services provider in Uganda. It is primarily involved in the promotion of development through loans to rural farmers, processors of agricultural produce, small manufacturers, small traders, importers and exporters. While engaged in all areas of commercial banking, Centenary Bank has a significant portion of its portfolio in the microfinance arena in an attempt to meet the needs of the many individuals and business entities with limited means that the bank serves. As of December 2012, Centenary Bank had an asset base that was valued at approximately US$442 million (UGX:1.12+ trillion), with shareholders' equity in excess of US$80.5 million (UGX:204 billion).[5] This represented 7.26% of all banking assets in the country, making Centenary Bank the fifth-largest commercial bank in the country at that time.[6]

History

The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by six individuals: (a) Simeon Lutaakome (b) Hugh Francis Pulle (RIP) (c) Paul Kateregga (d) Vincent Kirabo kya Maria (e) Emmanuel Mpande (RIP) and (f) John Ogutu (RIP).[7] In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank in 1993, after receiving a banking license from the Bank of Uganda, Uganda's central bank. Centenary Bank is the second-largest indigenous Ugandan bank, behind Crane Bank.[8]

Ownership

As of December 2012, the bank's stock is privately owned by the following corporate entities and individuals:[9]

Centenary Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Roman Catholic Dioceses of Uganda 39.5
2 Uganda Roman Catholic Secretariat 31.3
3 Stitching Hivos-Triodos Fonds 18.3
4 SIDI 11.6
5 Ugandan Individuals 0.3
Total 100.00

Branch Network

Centenary Bank has its headquarters in Kampala. As of August 2012, the bank has moved into its new headquarters building, Mapeera House, on Kampala Road opposite City Square. Centenary Bank has a network of 60 bank branches together with 115 linked automated teller machines in Central, Western, Northern and Eastern Uganda. The bank boasts of over 1,100,000 deposit customers.[10]

Centenary Bank has the second-largest branch network in Uganda, behind Stanbic Bank. The majority of the bank's branches are in rural areas and the bank plans to open more branches in future.[11] As of October 2013, the branches of the bank include the following locations, arranged alphabetically:[12]

  1. Apac Branch - 22 Akokoro Road, Apac
  2. Arua Branch - 3 Avenue Road, Arua
  3. Bugiri Branch - 117 Grant Street, off Iganga-Tororo Highway, Bugiri
  4. Bwaise Branch - 526 Bombo Road, Bwaise[13]
  5. CenteMobile Branch - Based at Gulu Branch, 426 Gulu Street, Gulu
  6. Entebbe Road Branch - Talenta House, 7 Entebbe Road, Kampala
  7. Entebbe Road Annex Branch - 18-20 Entebbe Road, Kampala
  8. Fort Portal Branch - 4 Rukidi III 7th Street, Fort Portal
  9. Gulu Branch - 426 Gulu Street, Gulu
  10. Hoima Branch - 41-43 Fort Portal Road, Hoima
  11. Ibanda Branch - 4 Main Street, Ibanda
  12. Iganga Branch - Wagoina Road, Iganga
  13. Ishaka Branch - 432 Rukungiri Road, Ishaka
  14. Isingiro Branch - 17A High Street, Isingiro
  15. Jinja Branch - 6 Nizam Road, Jinja[14]
  16. Kabalagala Branch - Ggaba Road, Kabalagala
  17. Kabale Branch - 129 Kabale Road, Kabale
  18. Kagadi Branch - Kagadi
  19. Kamuli Branch - Kamuli[15]
  20. Kanungu Branch - Kihiihi Road, Kanungu
  21. Kapchorwa Branch - 1 Market Street, Kapchorwa
  22. Kasese Branch - 13-14 Portal Street, Kasese
  23. Kayabwe Branch - Kayabwe, Mpigi District
  24. Kayunga Branch - Main Street, Kayunga[16]
  25. Kiboga Branchh - 101 Hoima Road, Kiboga
  26. Kikuubo Branch - 38 William Street, Kampala
  27. Kireka Branch - Kampala-Jinja Highway, Kireka, Kira Municipality[17]
  28. Kisoro Branch - Kisoro
  29. Kitgum Branch - 7-8 Ogwok Road, Kitgum
  30. Koboko Branch - 19 Central Road, Koboko
  31. Kotido Branch - Kotido
  32. Kumi Branch - 39 Ngora Road, Kumi
  33. Kyenjojo Branch - 2-6 Nyantongo Road, Kyenjojo
  34. Kyotera Branch - 6 Kyotera Road, Kyotera
  35. Lira Branch - 5-7 Soroti Road, Lira
  36. Lugogo Branch - Forest Mall, Lugogo Bypass Road, Kampala
  37. Lyantonde Branch - Central Road, Lyantonde
  38. Makerere University Brancch - St Augustine Students' Center, Makerere University Main Campus, Kampala
  39. Masaka Branch - 6 Edward Avenue, Masaka
  40. Masindi Branch - 59-61 Masindi Port Road, Masindi[18]
  41. Mapeera House Branch - Mapeera House, Kampala Road, Kampala Main Branch
  42. Mbale Branch - 54 Republic Street, Mbale
  43. Mbarara Branch - 25-27 High Street, Mbarara
  44. Mityana Branch - 50 Corner House, Mityana
  45. Moroto Branch - Moroto
  46. Mubende Branch - Mubende
  47. Mukono Branch - Kampala-Jinja Highway, Mukono
  48. Najjanankumbi Branch - Pelican House, 1032 Entebbe Road, Najjanankumbi
  49. Nakivubo Road Branch - Mukwano Arcade, Kampala
  50. Namirembe Road Branch - 16 Namirembe Road, Kampala
  51. Nateete Branch - Masaka Road, Kampala
  52. Nebbi Branch - 1-5 Bishop Orombi Road, Nebbi
  53. Ntinda Branch - Capital Shoppers Mall, Ntinda Road, Ntinda, Kampala
  54. Ntungamo Branch - 4C Mbarara-Kabale Road, Ntungamo[19]
  55. Rubaga Branch - Rubaga Cathedral Administration Block, Stensera Road, Lubaga - Adjacent to St. Mary's Cathedral
  56. Rukungiri Branch - 910 Kinyasono Road, Rukungiri
  57. Soroti Branch - 36 Gweri Road, Soroti
  58. Tororo Branch - 3 Uhuru Drive, Tororo
  59. Wakiso Branch - 214 Main Street, Wakiso
  60. Wobulenzi Branch - 249 Gulu Road, Wobulenzi

Directors

Centenary Bank is governed by a twelve-person Board of Directors of whom two are Executive Directors and ten are non-Executive. The Chairman of the Board is Professor John Ddumba Ssentamu, one of the non-Executive Directors.

Management Board

The Managing Director of Centenary Bank is Fabian Kasi. He is assisted by nine other managers in supervising the normal operations of the bank.

See also

Photos

  • Architectural Impression of Mapeera House When Complete

External links

  • Centenary Bank Website
  • List of Licensed Banks in Uganda
  • History of Centenary Bank
  • Profile of Mapeera House At Roko.co.ug
  • Foreign Exchange Calculator At Oanda.com

References

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