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Barclays Bank (Uganda)

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Barclays Bank (Uganda)

Barclays Bank (Uganda)
Type Private
Industry Financial Services
Founded 1927
Headquarters Kampala, Uganda
Key people Rakesh Jha
Managing Director[1]
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase Pretax: US$10.1+ million (UGX:25.1 billion) (2011)[2]
Total assets US$496.1+ million (UGX:1,166 billion) (2011)
Employees 800+ (2012)
Website Homepage

Barclays Bank (Uganda) Limited, commonly known as Barclays Bank (Uganda), is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the central bank and national banking regulator.[3]

Overview

The bank is primarily involved in meeting the banking needs of individuals, small and medium businesses (SMEs), as well as large corporations. Prior to 2006, the bank focused on meeting the banking needs of large corporations and high networth individuals. That focus was loosened to include SMEs and regular customers.[4] As of December 2011, Barclays Bank (Uganda) was the third largest commercial bank in Uganda, with assets in excess of US$496.1 million (UGX:1,166 billion).

History

Barclays Bank (Uganda) opened for business in Uganda in 1927, with two branches in the capital city, Kampala and one in Jinja, the country's second-largest commercial centre. In February 2007, Barclays Bank completed the acquisition of Nile Bank Uganda Limited, strengthening its presence in the country. As of April 2012, Barclays Bank (Uganda) employed more than 800 individuals (known as "colleagues", within the bank). At that time, it had forty-four branches and sixty-five ATMs in service.[5]

Ownership

The bank's stock is owned by the following corporate and public entities:

Barclays Bank (Uganda) Stock Ownership
Rank Name of Owner Percentage Ownership
1 Barclays Africa Group [6]
2 Government of Uganda
Total 100.00


Branch Network

Barclays Bank (Uganda) has its headquarters at 2 Hannington Road, on Nakasero Hill, in Kampala. As of July 2013, the bank maintains branches at the following locations: [7][8]

  1. Bugoloobi Branch - 128 Spring Road, Bugoloobi, Kampala
  2. Hannington Road Branch - 2 Hannington Road, Nakasero, Kampala Main Branch
  3. Premier Banking Branch - Hannington Road at Shimoni Road, Nakasero, Kampala
  4. Garden City Prestige Centre - Garden City, Yusuf Lule Road, Kampala[9]
  5. Jinja Road Branch - 23 - 27 Jinja Road, Kampala
  6. Kampala Road Branch - 16 Kampala Road, Kampala
  7. Kansanga Branch - 529 Ggaba Road, Kansanga, Kampala
  8. Kawempe Branch - Katongole Building, 2522 Masindi Highway, Kawempe, Kampala
  9. Kireka Branch - 174 Kampala-Jinja Highway, Kireka
  10. Lubowa Branch - Quality Hill Shopping Complex, 1621 Lubowa Estate, Lubowa
  11. Lugazi Branch - 121 Kampala Road, Lugazi
  12. Lugogo Branch - 2-8 Lugogo Bypass Road, Lugogo
  13. Luwuum Street Branch - Luwum Street, Kampala
  14. Nakawa Branch - URA Customs Building, 1-3, Sebei Lane, Nakawa, Kampala
  15. Naakulabye Branch - 1254 City Petrol Station, Makerere Hill Road, Naakulabye
  16. Ndeeba Branch - 479 Masaka Road, Ndeeba, Kampala
  17. Ntinda Branch - Ntinda Shopping Mall, Kimera Road, Ntinda, Kampala
  18. Ovino Market Branch - Ovino Market, Kampala[10]
  19. Parliament Ave Branch - IPS Building, 14 Parliament Avenue, Kampala
  20. Rwenzori Courts Branch - 1 Lumumba Avenue, Nakasero Hill, Kampala
  21. Shauriyako Branch - 34-38 Nakivubo Road, Kampala
  22. Tankhill Parade Branch - 2683 Kisugu-Muyenga Road, Muyenga, Kampala
  23. UN Base Branch - United Nations Base, Entebbe
  24. Wandegeya Branch - 170 Bombo Road, Wandegeya, Kampala
  25. Abaita Ababiri Branch - Entebbe-Kampala Road, Abayita Ababiri
  26. Kitoro Branch - Kitoro, Entebbe
  27. Masaka Branch - 2 Broadway Street, Masaka
  28. Mukono Branch - Best Meals Building, Mukono
  29. Busia Border Branch - Busia Customs Yard, Busia
  30. Iganga Branch - 85 Main Street, Iganga
  31. Jinja Branch - 81 Main Street, Jinja
  32. Mbale Branch - Republic Street, Mbale
  33. Soroti Branch - 40 Gweri Road, Soroti[11]
  34. Tororo Branch - 4 Mbale Road, Tororo
  35. Arua Branch - 1D Transport Road, Arua
  36. Gulu Branch - 32 Gulu Avenue, Gulu
  37. Lira Branch - 10 Soroti Road, Lira
  38. Fort Portal Branch - 14 Bwamba Road, Fort Portal
  39. Hoima Branch - 56 Main Street, Hoima
  40. Ishaka Branch - Ishaka
  41. Kabale Branch - 190 Main Street, Kabale
  42. Kasese Branch - 68 Rwenzori Road, Kasese
  43. Masindi Branch - 77 Port Road, Masindi
  44. Mbarara Branch - 66 High Street, Mbarara

Governance

Barclays Bank (Uganda) is governed by a Board of Directors. The Chairman of the Board is one of the non-Executive Directors. The Managing Director of Barclays Bank is Rakesh Jha. He holds an MBA in Marketing gained from IMED and a Bachelor of Arts (BA) degree gained from the University of Mumbai. Immediately prior to his appointment to his present position, Jha was Managing Director of Barclays Seychelles.

Photos

  • [1]

See also

References

  1. ^ Vision, Reporter (9 April 2009). "Barclays Uganda Gets New Managing Director".  
  2. ^ Businge, Julius (17 April 2012). "Barclays Bank Profits Jump To UGX:21 Billion".  
  3. ^ "List of Licensed Commercial Banks In Uganda At 2012".  
  4. ^ "Overview of Barclays Bank Uganda". Barclays Bank Uganda. Retrieved 2 May 2014. 
  5. ^ Businge, Julius (15 April 2012). "Barclays Bank Uganda Leaves Rates On Old Loans Unchanged".  
  6. ^ Nyanzi, Peter (26 July 2013). "Uganda: Absa-Barclays Merger Gets BOU Nod".  
  7. ^ "List of Branches of Barclays Bank Uganda". Barclays Bank Uganda. Retrieved 2 May 2014. 
  8. ^ Mwesigwa, Alon (15 January 2013). "Barclays Closes Branches, ATMs".  
  9. ^ Ssonko, Kiganda (14 December 2008). "Multi Billion Shopping Center Opens In February 2009".  
  10. ^ Sseppuya, Mikaili (21 May 2008). "Banks Rush for Ovino Market Shops".  
  11. ^ Omoding, John (18 May 2008). "Barclays Goes To Soroti".  

External links

  • Barclays Bank (Uganda) Website
  • Foreign Exchange Calculator At Oanda.com
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