ABC Bank (Uganda)
ABC Bank (Uganda), whose full name is ABC Capital Bank Uganda Limited, is a commercial bank in Uganda and licensed by the Bank of Uganda, the central bank and national banking regulator.[2]
| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1992 |
| Headquarters | Colline House 4 Pilkington Road, PO Box 21091 Kampala, Uganda |
Key people | James Wilson Muwanga Chairman Jesse Timbwa Chief Executive Officer Sreekumar Vamadevan Executive Director[1] |
| Products | Loans, savings, checking, investments |
| Revenue |  After tax: UGX:307.23 million (2020) |
| Total assets | UGX:62.14 billion (2020) |
Number of employees | 50 (2020) |
| Website | Homepage |
Overview
The bank provides banking services to large corporations, small-to-medium-sized businesses (SMEs), as well as individuals. As of December 2020, the bank's total assets were valued at about UGX:62.14 billion, with shareholders' equity of about UGX:28.837 billion.[3]
History
ABC Capital Bank was founded in 1992 as Capital Finance Corporation Limited (CFCL), a Tier III Ugandan Financial Institution, under the licensure and supervision of the Bank of Uganda. In 1999, CFCL established a wholly owned subsidiary, CFC Forex Bureau. In 2008, CFCL signed a memorandum of understanding with ABC Bank (Kenya), identifying the Kenyan institution as a strategic investor in CFCL in the latter's efforts to transform into a commercial bank. On 26 February 2010, following the acquisition of a commercial banking license from the Bank of Uganda, CFCL rebranded as ABC Capital Bank.[4]
Ownership
ABC Bank (Kenya) is an investor in ABC Bank (Uganda).[5] As of September 2019, the shareholding in ABC Capital Bank, is summarized in the table below:
| ABC Bank (Uganda) Stock Ownership | ||||||||||||
|
Branch network
As of December 2020, ABC Bank (Uganda) maintained networked branches at the following locations:[3] (1) Main Branch - Colline House, 4C Pilkington Road, Kampala, (2) Luwum Street Branch - Pioneer Mansion, 11 Luwum Street, Kampala, (3) Kikuubo Branch - Fami Plaza, 21 Nakivubo Road, Kampala.
See also
References
- ABCBU (31 December 2015). "Members of Board of Directors". Kampala: ABC Capital Bank Uganda (ABCBU). Archived from the original on 11 August 2017. Retrieved 26 April 2014.
- BOU (31 March 2017). "List of Licensed Banks As 31 March 2017" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 30 July 2017. Retrieved 24 July 2017.
- ABCBU (31 December 2015). "Audited Financial Report for Year Ending 31 December 2015". Kampala: ABC Bank Uganda (ABCBU). Archived from the original on 16 August 2016. Retrieved 26 July 2016.
- ABCCB (26 July 2016). "History of ABC Capital Bank". Kampala: ABC Capital Bank (ABCCB). Retrieved 26 July 2016.
- Mbanga, Jeff (12 November 2008). "Kenyan bank set to buy Capital Finance". The Observer (Uganda). Kampala. Retrieved 26 July 2016.
