Standard Chartered Bank Uganda Limited | |
Type: | Private |
Location: | 5 Speke Road, Kampala, Uganda |
Key People: | Maria Kiwanuka[1] Chairperson Sanjay Rughani CEO |
Num Employees: | 600+ (2018)[2] |
Parent: | Standard Chartered |
Assets: | USh3.8 trillion (US$1.072 billion) (2020)[3] |
Revenue: | Aftertax: USh72 billion (US$20.3 million) (2020)[4] |
Industry: | Financial services |
Products: | Loans, checking, savings, investments, debit cards |
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.[5]
Stanchart Uganda is a large bank serving large corporate clients, upscale retail customers, and medium to large business enterprises., 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),[3] behind Stanbic Bank Uganda and Centenary Bank.[6], Stanchart Uganda owned an estimated 16.2 percent of total bank assets in the country.[7]
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.[2]
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.[3]
, the bank had a network of interconnected branches at the following locations, arranged alphabetically:[8] [9] [10]
As of July 2024, the chairperson of the board of directors is Maria Kiwanuka, a former minister of finance in Uganda's cabinet. The managing director is Sanjay Rughani.[1]
As of July 2024, Stanchart Uganda was contemplating financing (a) the Uganda government's take-over of Umeme in March 2025 (b) the construction of several high voltage transmission lines and (c) the construction of several "oil roads".[1]