Type | Private |
---|---|
Industry | Financial services |
Founded | August 1, 1912 |
Headquarters | 5 Speke Road, Kampala, Uganda |
Key people | Robin Kibuuka [1] Chairman Albert Saltson CEO [2] [3] |
Products | Loans, checking, savings, investments, debit cards |
Revenue | Aftertax: USh72 billion (US$20.3 million) (2020) [4] |
Total assets | USh3.8 trillion (US$1.072 billion) (2020) [5] |
Number of employees | 600+ (2018) [6] |
Parent | Standard Chartered |
Website | www |
Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator. [7]
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises. As of December 2020 [update] , it was the third largest commercial bank in Uganda by assets, with an asset base of UGX:3.8 trillion (US$1.072 billion), with shareholders' equity of UGX:937 billion (US$264 million), [5] behind Stanbic Bank Uganda and Centenary Bank. [8] As of June 2013 [update] , Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country. [9] Other credible sources have put the bank's total assets at UGX:3.3 trillion (US$892.1 million), as of February 2017. [3]
Founded in August 1912, Stanchart Uganda is the oldest commercial bank in the country and has maintained a continuous banking presence in the country since its founding. In 1998, Stanchart Uganda acquired four branches of the former Uganda Cooperative Bank. As of May 2018, Stanchart Uganda had 9 branches and 29 automated teller machines and employed over 600 people. [6]
Stanchart Uganda is a wholly owned subsidiary of the Standard Chartered Bank Group, an international financial services conglomerate, headquartered in London in the United Kingdom. [5]
As of May 2018 [update] , the bank had a network of interconnected branches at the following locations, arranged alphabetically: [2] [10] [11] [12]
The chairman of the board of directors is Robin Kibuuka. [1] The managing director is Albert Saltson. [2] Saltson is a native of Ghana and he served as the managing director and chief executive officer of Standard Chartered Gambia, prior to re-assignment to Uganda. During his more than 25 years at Standard Chartered, he has had stints in Ghana and Sierra Leone. [3]
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