World Library  
Flag as Inappropriate
Email this Article

Ecobank (Uganda)

Article Id: WHEBN0021510109
Reproduction Date:

Title: Ecobank (Uganda)  
Author: World Heritage Encyclopedia
Language: English
Subject: Index of Uganda-related articles, List of banks in Uganda, Mukono Town, Charles Mbire, Nakasero, Ndeeba
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Ecobank (Uganda)

Ecobank (Uganda)
Type Public Company
GSE: ETI
Industry Financial Services
Founded 2009
Headquarters Kampala, Uganda
Key people David Twahirwa
Chairman
Micheal Monari
Managing Director
Products Loans, Savings, Investments, Debit Cards, Credit Cards, Mortgages
Revenue DecreasePretax:US$2.62 million (UGX:6.4 billion)[1]
Total assets US$37.3 million (UGX:91 billion) (2010)
Website Homepage

Ecobank (Uganda) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.[2]

Overwiew

The bank began operations in January 2009 as a full-service bank providing wholesale, retail, investment and transaction banking services and products to governments, financial institutions, multinationals, international organizations, medium, small and micro businesses and individuals. As of December 2010, the bank's total assets were valued at about US$37.3 million (UGX:91 billion).[3]

Ecobank network

Ecobank (Uganda) is a member of Ecobank Transnational, the leading independent pan-African bank, headquartered in Lomé, Togo with affiliates in West Africa, Central Africa, East Africa and Southern Africa. Ecobank, which was established in 1985, has grown to a network of over 600 branches, employing over 10,000 people, with offices in 29 countries including Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Republic of Congo, Democratic Republic of Congo, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Liberia, Mali, Malawi, Niger, Nigeria, Rwanda, Sao Tome, Senegal, Sierra Leone, Togo, Uganda, Zambia and Zimbabwe.[4]

Parent company

Ecobank Transnational Inc. (ETI) is the parent company of the Ecobank Group which includes the following specialized subsidiaries:[5]

The stock of ETI is traded on three African stock exchanges, namely; the Ghana Stock Exchange (GSE), the Nigerian Stock Exchange (NSE) and the BRVM stock exchange in Abidjan, Ivory Coast.[6]

Ownership

The exact percentage share ownership of Ecobank (Uganda) is not publicly known but Ecobank Transnational owns a significant portion of the shares of the company. Other investors include Charles Mbire, a Director of the bank and according to press reports, the wealthiest indigenous Ugandan with a net worth in excess of US$60 million.[7]

Board of directors

The following individuals sit on the Board of Directors of Ecobank (Uganda): [8]

Management team

Micheal Monari is the Managing Director of Ecobank (Uganda). He was appointed to that position in October 2011, replacing Dele Alabi, who was relocated to Ecobank Nigeria.[9]

Branch Network

As of October 2013, Ecobank (Uganda) has twelve branches, nine of them in Kampala, the capital of the country.[10] Plans are underway to open more branches all over the country and to expand the branch network to a total of eighty branches within the next five years.[11] The current branch network includes the following locations:[12]

  1. Bombo Road Branch - Bombo Road, Kampala
  2. Bugema Branch - Bugema University, Gayaza-Ziroobwe Road[13]
  3. Entebbe Airport Branch - Entebbe International Airport
  4. Lugogo Branch - Forest Mall, 3A2 & 3A3 Sports Lane, Lugogo, Kampala
  5. Head Office Branch - Parliament Avenue, Kampala
  6. Kikuubo Branch - Nakivubo Road, Kampala
  7. Kyambogo Branch - Kyambogo University Campus, Kampala
  8. Mukono Branch - Jinja Road, Mukono
  9. Nakasero Branch - Rwenzori Towers, Nakasero Road, Nakasero, Kampala
  10. Ndeeba Branch - Masaka Road, Ndeeba, Kampala
  11. Oasis Mall Branch - Oasis Mall, Yusuf Lule Road, Kampala
  12. Wandegeya Branch - Bombo Road, Wandegeya, Kampala[14]

New branches are planned in Mbale, Jinja, Arua, Mbarara and Gulu.[15] A branch is planned in Amuru in Northern Uganda, but has not been opened at this time.[16]

Photos

  • Ecobank Uganda Headquarters on Parliament Avenue, Kampala

See also

External links

  • Ecobank Website
  • Ecobank Involved In Oil & Gas Sector Financing

References

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.