ABC Bank (Uganda)

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ABC Capital Bank (Uganda)
TypePrivate
IndustryFinancial services
Founded1992; 29 years ago (1992)
HeadquartersColline 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]
ProductsLoans, savings, checking, investments
RevenueIncreaseAfter tax: UGX:307.23 million (2020)
Total assetsUGX:62.14 billion (2020)
Number of employees
50 (2020)
WebsiteHomepage

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]

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
Rank Name of Owner Percentage Ownership
1 ABC Bank (Kenya) 61.95
2 Others 38.05
Total 100.0

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[]

  1. ^ ABCBU (31 December 2015). "Members of Board of Directors". Kampala: ABC Capital Bank Uganda (ABCBU). Retrieved 26 April 2014.
  2. ^ 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.
  3. ^ Jump up to: a b 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.
  4. ^ ABCCB (26 July 2016). "History of ABC Capital Bank". Kampala: ABC Capital Bank (ABCCB). Retrieved 26 July 2016.
  5. ^ Mbanga, Jeff (12 November 2008). "Kenyan bank set to buy Capital Finance". The Observer (Uganda). Kampala. Retrieved 26 July 2016.

External links[]

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