Exim Bank (Uganda) (EBU), commonly known as Exim Bank, is a

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

Uganda }), is a landlocked country in East Africa. The country 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 south by Tanzania. The south ...

. It is one of the commercial banks licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya 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 ...

(BOU), the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

and national banking regulator. EBU is a member of the

Exim Bank Group (East Africa) Exim Bank Group (East Africa) (EBGEA), is a financial services conglomerate based in the African Great Lakes region. EBGEA's headquarters are in Dar es Salaam, Tanzania, with subsidiaries in Uganda, Tanzania, Comoros, Djibouti and Ethiop ...

, a large financial services conglomerate with subsidiaries in Tanzania, Comoros, Uganda and Djibouti. The group also maintains a representative office in Ethiopia.

Overview

This bank provides services to both individuals and corporate clients. As of December 2019, the bank's total assets were valued at approximately UGX 341.2 billion (approx. US$90.907 million). At that time, the bank's customer deposits were UGX 275.6 billion (approx. US$73.429 million).

History

Exim Bank Uganda was established in 2011 as Imperial Bank Uganda by two major investors,

Mukwano Group The Mukwano Group of Companies, commonly known as the Mukwano Group, is a conglomerate based in Uganda, with operations in other East African countries. Location The Group's headquarters are located on Mukwano Road (Bypass Road), in the Central ...

, a diversified Ugandan business and manufacturing conglomerate, and Imperial Bank Kenya, a medium-sized financial services provider, based in

Nairobi, Kenya Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper had ...

. On 13 October 2015, following the death of the Imperial Bank Group's managing director, the

Central Bank of Kenya The Central Bank of Kenya (CBK) ( sw, Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Patrick Ngugi Njoroge ...

placed Imperial Bank Kenya under statutory management due to "unsafe and unsound business conditions to transact business" at the parent company. BOU took over Imperial Bank Uganda the same day. BOU promptly put the Imperial Bank Group's shareholding on sale. On 7 March 2016, Exim Bank (Tanzania) acquired the ownership interest that Imperial Bank Kenya formerly had in this bank and re-branded it to Exim Bank (Uganda).

Ownership

The stock of the bank is privately held. The detailed shareholding in Exim Bank (Uganda) as of March 2016 is depicted in the table below:

Branch network

As of July 2022, the locations of the bank's branches included the following: # Main Branch - 6 Hannington Road,

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and ...

# Kyaggwe Branch - Mukwano Shopping Mall, 23-31 Rashid Khamis Road,

# Kikuubo Branch - 24 Kikuubo Lane,

# Acacia Mall Branch - Acacia Shopping Mall, Acacia Avenue, Kololo,

# Nakawa Branch - Plot 1-2, Enterprise Close, Ntinda Industrial Area, Nakawa Division, Kampala # Industrial Area Branch - 86-96 Sixth Street, Industrial Area, Kampala # Kisenyi Branch - Kafumbe Mukasa Road, Kisenyi, Kampala.

Governance

The Chairperson of the EBU Board is Sarah Nanziri Bagalaaliwo, a non-Executive Director. The Chief Executive Officer is Sabhapathy Krishnan Triplicane, who is a non-shareholder.

References

External links

Website of Exim Bank Uganda

Website of Bank of Uganda
{{Kampala District Banks of Uganda Foreign trade of Uganda Banks established in 2011 Companies based in Kampala 2011 establishments in Uganda