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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Commercial bank in Uganda
Absa Bank Uganda Limited , formerly known as Barclays Bank of Uganda Limited , is a commercial bank in Uganda . It is licensed by the Bank of Uganda , the central bank and national banking regulator.[3] conglomerate , based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries.[4] JSE Limited , was reported to have total assets in excess of US$91 billion, as of October 2019.[5]
Overview [ edit ]
The bank is primarily involved in meeting the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. Before 2006, the bank focused on meeting the banking needs of only large corporations and high-net-worth individuals. That focus was loosened to include SMEs and regular customers.[6] [2] [7] [8] [9] [10]
History [ edit ]
The bank opened in 1927, with two branches in the capital city, Kampala , and one in Jinja , the country's second-largest commercial centre, at that time. In 1969, the bank acquired the Ugandan business of the Commercial Bank of Africa .[11] Nile Bank Uganda Limited , strengthening its presence in the country.[12] [13]
Ownership [ edit ]
In 1969, the bank's stock was 51 percent held by Barclays and 49 percent held by the government of Uganda .[11] [14] Barclays Africa Group .[15] Barclays Africa Group , in 2018, Absa Bank Uganda is a 100 percent subsidiary of Absa Group Limited .[16]
Branch network [ edit ]
The bank's headquarters is at 2 Hannington Road, on Nakasero Hill , in Kampala . As of July 2013[update] [17] [18]
Bugoloobi Branch - 128 Spring Road, Bugoloobi , Kampala
Hannington Road Branch - 2 Hannington Road, Nakasero , Kampala Main Branch
Premier Banking Branch - Hannington Road at Shimoni Road, Nakasero, Kampala
Garden City Prestige Centre - Garden City, Yusuf Lule Road, Kampala[19]
Kampala Road Branch - 16 Kampala Road, Kampala
Kansanga Branch - 529 Ggaba Road, Kansanga , Kampala
Kawempe Branch - Katongole Building, 2522 Masindi Highway, Kawempe , Kampala
Kireka Branch - 174 Kampala-Jinja Highway , Kireka
Lubowa Branch - Quality Hill Shopping Complex, 1621 Lubowa Estate, Lubowa
Lugazi Branch - 121 Kampala Road, Lugazi
Lugogo Branch - 2-8 Lugogo Bypass Road, Lugogo
Luwuum Street Branch - Luwum Street, Kampala
Nakawa Branch - URA Customs Building, 1-3, Sebei Lane, Nakawa , Kampala
Naakulabye Branch - 1254 City Petrol Station, Makerere Hill Road, Naakulabye
Ndeeba Branch - 479 Masaka Road, Ndeeba , Kampala
Ntinda Branch - Ntinda Shopping Mall, Kimera Road, Ntinda , Kampala
Ovino Market Branch - Ovino Market, Kampala[20]
Parliament Ave Branch - IPS Building, 14 Parliament Avenue, Kampala
Rwenzori Courts Branch - 1 Lumumba Avenue, Nakasero Hill , Kampala
Shauriyako Branch - 34-38 Nakivubo Road, Kampala
Tankhill Parade Branch - 2683 Kisugu-Muyenga Road, Muyenga , Kampala
UN Base Branch - United Nations Base, Entebbe
Wandegeya Branch - 170 Bombo Road, Wandegeya , Kampala
Abaita Ababiri Branch - Entebbe-Kampala Road, Abayita Ababiri
Kitoro Branch - Kitoro, Entebbe
Masaka Branch - 2 Broadway Street, Masaka
Mukono Branch - Best Meals Building, Mukono
Busia Border Branch - Busia Customs Yard, Busia
Iganga Branch - 85 Main Street, Iganga
Jinja Branch - 81 Main Street, Jinja
Mbale Branch - Republic Street, Mbale
Soroti Branch - 40 Gweri Road, Soroti [21]
Tororo Branch - 4 Mbale Road, Tororo
Arua Branch - 1D Transport Road, Arua
Gulu Branch - 32 Gulu Avenue, Gulu
Lira Branch - 10 Soroti Road, Lira
Fort Portal Branch - 14 Bwamba Road, Fort Portal
Hoima Branch - 56 Main Street, Hoima
Ishaka Branch - Ishaka
Kabale Branch - 190 Main Street, Kabale
Kasese Branch - 68 Rwenzori Road, Kasese
Masindi Branch - 77 Port Road, Masindi
Mbarara Branch - 66 High Street, Mbarara
Name change [ edit ]
Beginning in August 2019, Barclays Bank of Uganda began re-branding to Absa Bank Uganda Limited.[22] [23] [24]
Governance [ edit ]
The bank is governed by a board of directors . The chairman of the board is one of the non-executive directors. As of March 2020, the Acting Chairperson was Nadine Byarugaba.[25] Mumba Kalifungwa began serving as the substantive Managing Director and CEO.[1]
The former managing director is Mian Nazim Mahmood. He was appointed in July 2019, as Interim CEO, while a substantive chief executive was being sought. Nazim holds a Bachelor of Business Administration degree, awarded by the University of Massachusetts, Amherst and a Master of Business Administration in Finance from Bentley College , in Waltham, Massachusetts , all in the United States.[26] MBA in Marketing gained from IMED and a Bachelor of Arts (BA ) degree gained from the University of Mumbai . Immediately prior to his appointment as managing director, Jha was managing director of Barclays Bank Seychelles.[27]
As of October 2021, the members of the board are as listed in the table below.[28]
Innovation [ edit ]
In December 2021, Absa Bank Uganda was the first financial institution in the country to introduce ATM machines capable of accepting and dispensing cash, using smart mobile phones, without the presence of the traditional ATM card. The Absa Banking App generates a QR Code, which the customer scans on to the ATM screen and then allows the execution of the desired transaction.[29] [30]
See also [ edit ]
References [ edit ]
^ a b c Ali Twaha (17 April 2024). "Absa Reports 15 Percent Growth In Revenues" . New Vision . Retrieved 19 April 2014 .
^ Uganda Radio Network (12 November 2019). "ABSA Uganda Officially Drops Barclays Brand Name" . Daily Monitor . Retrieved 12 November 2019 .
^ "Absa Group Limited: About Us" . Absa Group Limited. 2020. Retrieved 27 March 2020 .
^ Adrian Frey (23 October 2019). "Barclays in Mozambique rebranding as Absa Bank" . Maputo: Club of Mozambique. Retrieved 27 March 2020 .
^ "Overview of Barclays Bank Uganda" . Barclays Bank Uganda . Retrieved 2 May 2014 .
^ Esiara Kabona (16 April 2022). "Absa Uganda profit up as bad debts shrink" . The EastAfrican . Retrieved 18 April 2022 .
^ Javira Ssebwami (12 April 2022). "Absa Bank Uganda records UGX110 billion in profits in 2021" . PML Daily . Kampala, Uganda. Retrieved 18 April 2022 .
^ Muhereza Kyamutetera (4 May 2020). "Absa Bank Uganda's Assets Reach UGX3.4 Trillion, Moves From Fifth To Third Largest Bank, By Assets" . CEO Magazine Online . Kampala. Retrieved 5 May 2020 .
^ Taddewo William Senyonyi (9 May 2023). "Exclusive: Largest & Smallest Banks By Assets Named As Total Industry Assets Hit Shs45.4Tn In 2022" . Business Focus Uganda . Kampala, Uganda. Retrieved 24 August 2023 .
^ a b Barclays Africa Group (31 December 2017). "Barclays Africa Group: Uganda: About Us: 1969" . Johannesburg: Barclays Africa Group . Archived from the original on 14 June 2018. Retrieved 31 December 2017 .
^ URN Reporter (20 December 2006). "Barclays Confirms Purchase of Nile Bank" . Kampala: Uganda Radio Network (URN). Retrieved 4 August 2014 .
^ Lori Chang (22 January 2007). "UK-Based Financial Services Group Barclays Buys Nile Bank of Uganda and Plans to Enter Microfinance Sector in Uganda" . MicroCapital. Archived from the original on 3 October 2016. Retrieved 4 August 2016 .
^ "Founding banks and building societies: Barclays Bank of Uganda Limited" . Barclay Bank . 30 August 2015. Retrieved 30 August 2015 .
^ Khisa, Isaac (8 March 2016). "Uganda: Barclays to Get New Owners" . The Independent (Uganda) via AllAfrica.com . Retrieved 8 March 2016 .
^ Adengo, Jonathan (2 March 2018). "Barclays becomes Absa" . Daily Monitor . Retrieved 21 July 2018 .
^ "List of Branches of Barclays Bank Uganda" . Barclays Bank Uganda. Retrieved 2 May 2014 .
^ Mwesigwa, Alon (15 January 2013). "Barclays Closes Branches, ATMs" . The Observer (Uganda) . Retrieved 2 May 2014 .
^ Ssonko, Kiganda (14 December 2008). "Multi Billion Shopping Center Opens In February 2009" . New Vision . Archived from the original on 3 May 2014. Retrieved 2 May 2014 .
^ Sseppuya, Mikaili (21 May 2008). "Banks Rush for Ovino Market Shops" . New Vision . Archived from the original on 3 May 2014. Retrieved 2 May 2014 .
^ Omoding, John (18 May 2008). "Barclays Goes To Soroti" . New Vision (Kampala)the original on 18 May 2015. Retrieved 2 May 2014 .
^ Alfred Ochwo (15 August 2019). "Barclays Bank Starts Rebranding To Absa" . The Observer (Uganda) . Retrieved 8 November 2019 .
^ Mwesigwa Alon (11 October 2019). "Barclays Uganda to Become Absa Uganda On November 11th" . Kampala: Uganda Radio Network . Retrieved 11 November 2019 .
^ Paul Ampurire (11 November 2019). "BOU Issues Licence To Absa Uganda After Rebranding From Barclays Bank" . Kampala: SoftPower Uganda. Retrieved 11 November 2019 .
^ Kenneth Kazibwe (19 March 2020). "Absa Uganda gets new Managing Director" . Kampala: Nile Post Uganda. Retrieved 19 March 2020 .
^ Julius Businge (16 July 2019). "Barclays Bank Uganda Managing Director Rakesh Leaves" . The Independent (Uganda) . Retrieved 11 November 2019 .
^ Nation Reporter (15 September 2014). "James Kinyany Appointed Barclays Seychelles' Interim Managing Director" . Seychelles Nation . Retrieved 9 September 2014 .
^ a b c d e f g h i j k l Kenneth Kazibwe (28 October 2021). "Absa Bank Uganda appoints new board members" . Nile Post Uganda . Kampala, Uganda. Retrieved 28 October 2021 .
^ Lydia Labanya (15 December 2021). "New digital solution to ease banking experience" . New Vision . Retrieved 15 December 2021 .
^ Joan Banura (14 December 2021). "Absa Bank Customers Can Now Withdrawal Money Using QR Codes" . PCTechMag.com . Kampala, Uganda. Retrieved 15 December 2021 .
External links [ edit ]
t
e
Subsidiaries and investments
Banking businesses
Other investments
Historical components
Management
Other
00°19′14.5″N 32°35′12 ″E / 0.320694°N 32.58667°E / 0.320694; 32.58667
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a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
Aftertax:UGX:146 billion (US$38.6 million) (2023)[2]
