Cairo Bank Uganda Limited (CBUL), formerly known as Cairo International Bank (CIB), is a

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the ...

. It is licensed by the

Bank of Uganda The Bank of Uganda () is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Bank of Uganda managed to ma ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator. It is a subsidiary of Egypt-based banking group, Banque du Caire Group.

Headquarters location

Cairo Bank Uganda has its headquarters at Arie Towers, at Plot 16 Mackinnon Road, Nakasero Hill, in the

central business district A central business district (CBD) is the Commerce, commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides wit ...

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

, Uganda's capital city. The geographical coordinates of the bank's headquarters are: 0°19'17.0"N, 32°35'05.0"E (Latitude:0.321389; Longitude:32.584722).

Overview

CBUL focuses on serving

small and medium businesses Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizat ...

(SMEs), educational institutions,

non-governmental organization A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...

s and corporate entities. In 2020, the bank re-branded and turned its focus on meeting the banking needs of SMEs. Cairo Bank Uganda Limited is a fully owned subsidiary by Banque du Caire (BDC), an Egypt-based financial services conglomerate with total assets in excess of US$12 billion, as of September 2020. As of June 2023 the total assets of Cairo Bank Uganda were valued at USh378,563,372,000 (approx. US103,572,126) with shareholders' equity of USh163,190,161,000 (approx. US$44,647,616).

History

Incorporated as Cairo International Bank in 1995, the bank began operations in the same year following the issuance of a commercial banking license by the Bank of Uganda. In 2020, Banque du Caire, which owned 62.4 percent of the shares of

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

of the Ugandan subsidiary, acquired the 24 percent shareholding owned by

Bank Misr Banque Misr () or in English the Bank of Egypt is an Egyptian bank co-founded by industrialist Joseph Aslan Cattaui Pasha, Joseph Cicurel and economist Talaat Harb Pasha in 1920. The government of the United Arab Republic nationalized the bank ...

and the 13.6 percent owned by Bank of Egypt, to become the sole owner of 100 percent of the stock of the Ugandan bank.

Management board

Cairo Bank Uganda (CBU) is governed by an eight-person board of directors. Sylvia Jagwe Owachi is the

managing director A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

. She replaced Ahmad Maher Nada, the previous CEO, who left CBU and took up an assignment at Banque du Caire in Egypt, effective January 2022. He served as MD/CEO at CBU for three and one half years.

Branch network

CBU has the following branches, as of September 2020: 1. Main Branch : Lotis Towers, Plot 16 - Mackinnon Road, Nakasero,

. 2. Kampala Road Branch: Greenland Towers, Plot 30 Kampala Road,

. 3. Kikuubo Branch: Shamba Complex, Kyagwe Road,

. 4. Garden City Branch: Garden City Shopping Mall, Yusuf Lule Road,

. 5. Bugoloobi Branch: Plot 1-5 Spring Close,

Bugoloobi Bugoloobi sometimes spelled as Bugolobi, is a location in Kampala, Uganda's capital and largest city. It is a suburban neighborhood and some of the most valuable properties in Kampala are found here. It is among the most developed neighborhoods ...

. 6. Bweyogerere Branch:

Bweyogerere Bweyogerere is one of the six townships or wards that constitute Kira Municipality in Wakiso District in southern central Uganda. The other five wards are Kimwaanyi, Kira, Kireka, Kirinnya and Kyaliwajjala. Location Bweyogerere is located on the ...

Kira Town Kira Town, a municipality in the Wakiso District of the Central Region of Uganda, is the country's second most populous city. It is administered by the Kira Town Council, an urban local government. Location Kira town council was elevated to Mun ...

. 7. Mbarara Branch: Rwebikona Building, Mbarara – Fort Portal Road,

Mbarara Mbarara City is a city in the Western Region, Uganda, Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, ...

Rebranding