Opportunity Bank Uganda Limited

OBUL's headquarters are located in Opportunity House, at 1259 Old Kira Road, in Kamwookya, a business and residential neighborhood within the city of Kampala, Uganda's capital.[5] The geographical coordinates of the bank's headquarters are 0°20'43.0"N, 32°35'37.0"E (Latitude:0.345278; Longitude:32.593611).[6]

Opportunity Bank Uganda Limited is a Tier I Financial Institution (Commercial Bank), licensed by the Bank of Uganda, the central bank and national banking regulator.[2][3] As of September 2019, the financial institution had total assets worth USh132 billion (US$36.3 million), [2][3] with shareholders' equity of about USh28 billion (US$7.7 million).[7]

This microfinance institution was licensed in 1995 and began operations in 1996 as Faulu Uganda, a programme of Food for the Hungry International, a non-governmental organization. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming Faulu Uganda Limited. Under that name, the company became part of the Faulu network in Uganda and Kenya. [8]

As a credit institution, it was not authorized to offer checking accounts or deal in foreign exchange. The company was however authorized to take in customer deposits and to establish savings accounts. It was also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company later became affiliated with Opportunity International and became a member of their network. Opportunity International specializes in lending to the poorest of the working poor. As of December 2015, the institution's total assets were valued at US$20.53 million, with shareholder's equity of US$7.86 million.[4]

In 2006, Opportunity Transformation Investments and Opportunity International Australia each purchased a 31.5 percent stake in Faulu Uganda Limited, giving Opportunity International a combined majority stake of 63 percent in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of Faulu Uganda, thereby taking outright ownership of the company. The financial institution was renamed Opportunity Uganda Limited.[9][10] In November 2011, the institution rebranded to "Opportunity Bank Uganda Limited".[11]

The company was owned by five different entities, as of October 2019.[2][3]In October 2020, TLG Capital based in the United Kingdom, acquired 49 percent shareholding in Opportunity Bank Uganda in exchange for an undisclosed consideration. MyBucks of the United States exited the investment.[1]

The branch network of OBUL has included the following locations:[12]

1. Kira Road Branch - 80 Kira Road, Kamwookya
2. City Center Branch - 14 Kampala Road, Kampala
3. Kawempe Branch - 494 Block 204, Goshen House, Kawempe
4. Nateete Branch - 715 Masaka Road, Nateete
5. Owino Branch - Ovino Shopping Complex, 22 Kisenyi Road, Kampala
6. Gayaza Branch - Gayaza-Kampala Road, Gayaza
7. Nansana Branch - Hoima Road, Nansana
8. Jinja Branch - 9 Skindia Road, Jinja
9. Iganga Branch - 88 Main Street, Iganga
10. Mbarara Branch - 90 Highway Street, Mbarara
11. Masaka Branch - Edward Avenue, Masaka
12. Kalagi Branch - Mukono-Kayunga Road, Kalagi
13. Mubende Branch - 103 Lubanga Road, Mubende
14. Head Office - 7A Acacia Avenue, Kololo, Kampala
15. Mayuge Branch - Mayuge
16. Mbale Branch - Mbale
17. Lira Branch - Obote Avenue, Lira
18. Kyenjojo Branch - Kyenjojo
19. Hoima Branch - Hoima
20. Mukono Branch - Mukono
21. Kamdini Branch - Oyam
22. Soroti Branch - Soroti
23. Mityana Branch - Mityana
24. Abaita Ababiri Branch - Entebbe

• Banking in Uganda
• List of banks in Uganda
• Faulu Kenya

• 2014 Global Outreach and Financial Performance Benchmark Report

00°20′43″N 32°35′37″E