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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]
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[update], 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]
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]
As of December 2012[update], the bank's stock is privately owned by the following corporate entities and individuals:[9]
Centenary Bank has its headquarters in Kampala. As of August 2012[update], 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[update], the branches of the bank include the following locations, arranged alphabetically:[12]
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.
The Managing Director of Centenary Bank is Fabian Kasi. He is assisted by nine other managers in supervising the normal operations of the bank.
Uganda, Buganda, Kampala District, Kabaka of Buganda, Makerere University
Tanzania, Kampala, South Sudan, Rwanda, Kenya
Netherlands, Anthroposophy, Financial services, Abn Amro, Bank
United Kingdom, European Union, Italy, Canada, Spain
Bushenyi District, Western Region, Uganda, Uganda, Ankole sub-region, Districts of Uganda
Rakai District, Central Region, Uganda, Uganda, Districts of Uganda, Regions of Uganda
Rukungiri District, Uganda, Districts of Uganda, Western Region, Uganda, Regions of Uganda
Kapchorwa District, Uganda, Eastern Region, Uganda, Districts of Uganda, Regions of Uganda
Kiboga District, Uganda, Central Region, Uganda, Kampala, Districts of Uganda