Bank of Africa (Uganda)
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| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1984 |
| Headquarters | Kampala, Uganda |
| Key people | John Caruthers Chairman Edigold Monday Managing Director |
| Products | Loans, Savings, Investments, Debit Cards, Credit Cards Mortgages |
| Revenue |  Aftertax:US$2.52 million (UGX:6.25 billion) (2011) |
| Total assets | US$174.4 million (UGX:431.7 billion) (2011)[1] |
| Employees | 287 (2011) |
| Website | Homepage |
Bank of Africa (Uganda) (BOA Uganda), whose complete name is Bank of Africa (Uganda) Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the country's central bank and the national banking regulator.[2]
Contents |
Overview
BOA Uganda is involved in all aspects of commercial banking with emphasis on provision of banking services to multinational companies, mid-size local enterprises and small retail businesses. As of December 2011, BOA Uganda was a medium-sized financial services provider in Uganda, with a total asset base valued at about US$174.4 million (UGX:431.7 billion). This represented approximately 3% of all commercial bank assets in the country, at that time. Then, the shareholders' equity amounted to about US$18.4 million (UGX:45.6 billion).[3]
Bank of Africa Group
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries, including Benin, Burkina Faso, Burundi, Democratic Republic of the Congo, Djibouti, Ghana, Kenya, Ivory Coast, Madagascar, Mali, Niger, Senegal, Tanzania and Uganda. The group also maintains an office in Paris, France.[4] As of December 2011, the group employed more than 4,500 people in about 340 offices, in 15 countries, servicing nearly 1,200,000 bank accounts.[5]
History
Bank of Africa (Uganda) started its operations in 1984 as Sembule Investment Bank. In 1996, Sembule Investment Bank was purchased by Banque Belgolaise[6] and the Netherlands Development Finance Company (FMO). The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold their shares to a group of investors that included Bank of Africa (Kenya),[7] Aureos East Africa Fund LLC[8] and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.[9]
Ownership
The share ownership of Bank of Africa (Uganda) is summarized in the table below, as of December 2011:[10]
| Bank of Africa Stock Ownership | |||||||||||||||||||||
Source:
Management teamJohn Caruthers is the Chairman of the bank. In December 2010, Ms. Edigold Monday was appointed Managing Director of Bank of Africa (Uganda). She became the first indigenous woman to rise to the level of Managing Director, of a commercial bank, in the history of Uganda.[11] She is assisted by seven other managers in supervising the day-to-day bank activities. Branch NetworkAs of August 2012, Bank of Africa Uganda maintains a network of thirty-two branches in the central, eastern, northern and western parts of Uganda. The bank's branches include the following locations, arranged alphabetically:[12]
See also
References
External links |
