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Ecobank (Uganda)

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Title: Ecobank (Uganda)  
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Subject: Index of Uganda-related articles, List of banks in Uganda, Mukono Town, Charles Mbire, Nakasero, Ndeeba
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Ecobank (Uganda)

Ecobank (Uganda)
Type Public Company
Industry Financial Services
Founded 2009
Headquarters Kampala, Uganda
Key people David Twahirwa
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]


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]


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]


  • Ecobank Uganda Headquarters on Parliament Avenue, Kampala

See also

External links

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


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