| NCBA Bank Uganda | |
| Type: | Subsidiary of NCBA Group Plc |
| Location: | Rwenzori House Nakasero Road Kampala, Uganda |
| Key People: | Grace Jethro Kavuma Chairman Mark Muyobo Acting Managing Director[1] |
| Assets: | UGX:854 billion (US$227.34 million) (2023)[2] |
| Revenue: | Aftertax:UGX:27 billion (US$7.187 million) (2023) |
| Industry: | Financial services |
| Products: | Loans, savings, checking, investments, debit cards, credit cards |
| Homepage: | Homepage |
NCBA Bank Uganda Limited (commonly called NCBA Bank Uganda or shortened to NCBU), is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the country's central bank and national banking regulator.[3]
NCBA Bank Uganda is a retail financial services provider in Uganda, focusing on meeting the banking needs of small and medium enterprises and large corporations., the total assets of the bank were valued at UGX:854 billion (US$227.324 million).[2] The bank is a wholly owned subsidiary of the NCBA Group Plc, headquartered in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Ivory Coast and Uganda.[4]
The bank was founded in 2012 as NC Bank Uganda and received a commercial banking license from the Bank of Uganda in April 2012.[5] The bank opened for business in May 2012.[6]
In September 2019, the two parent companies of NC Bank Uganda and Commercial Bank of Africa (Uganda), both based in Kenya, received regulatory approval to merge their businesses, thereby merging their subsidiaries in Uganda to form NCBA Bank Uganda, effective 1 October 2019, subject to the approval of the Bank of Uganda.[7]
In June 2020, Bank of Uganda gave consent for the merger of NC Bank Uganda with CBA Uganda. The merger process is expected to be complete by 31 September 2020. The combined bank had total assets of USh548 billion, (approx. US$149 million), as of 31 March 2020.[8] [9]
Anthony Ndegwa, formerly managing director of CBA Uganda Limited, was appointed managing director of NCBA Bank Uganda, effective June 2020.[9] In December 2020, Anthony Ndegwa left the bank and Mark Muyobo was appointed as managing director and CEO, in acting capacity.[1]
As of May 2024, the bank maintained networked branches at the following locations:[10]