Barclays Bank (Uganda)
Encyclopedia
Barclays Bank Limited, commonly known as Barclays Bank (Uganda), is a commercial bank
in Uganda
. It is one of the twenty-three (23) commercial banks licensed by Bank of Uganda
, the national banking regulator.
and one in Jinja
, the country's second commercial centre. In February 2007, Barclays Bank completed the acquisition of Nile Bank Uganda Limited
, strengthening its presence in the country. As of July 2009, Barclays Bank (Uganda) employs more than 1,000 colleagues, has fifty three (53) branches and eighty (80) ATMs in service.
is owned by the following corporate and public entities:
{| style="font-size:95%;"
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| width="80%" align="center" | Barclays Bank (Uganda) Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Barclays Plc
||
|-
|2||Government of Uganda||
|-
| ||Total||100.00
|-
|}
, in Kampala
. As of December 2011, the bank maintains branches at the following locations:
(BCom) degree, both gained from the University of Nairobi
. He is a Certified Public Accountant
(CPA
). Immediately prior to his appointment to his present position, Ongwae was Chief Financial Officer
of Barclays East and West Africa.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. It is one of the twenty-three (23) commercial banks licensed by Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the national banking regulator.
Overview
The bank is primarily involved in meeting the banking needs of individuals, small and medium businesses (SMEs), as well as large corporations. Prior to 2006, the bank focused on meeting the banking needs of large corporations and high networth individuals. That focus was loosened to include SMEs and regular customers. As of December 2010, Barclays Bank (Uganda) was the third largest commercial bank in Uganda, with assets in excess of US$476.4 million (UGX:1,100 billion)History
Barclays Bank (Uganda) opened for business in Uganda in 1927, with two branches in the capital city, KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
and one in Jinja
Jinja, Uganda
Jinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
, the country's second commercial centre. In February 2007, Barclays Bank completed the acquisition of Nile Bank Uganda Limited
Nile Bank Limited
Nile Bank Ltd was a private bank, registered in Uganda, with shareholders from Uganda, Israel, and South Africa. Nile Bank has an emphasis on consumer banking.-History:...
, strengthening its presence in the country. As of July 2009, Barclays Bank (Uganda) employs more than 1,000 colleagues, has fifty three (53) branches and eighty (80) ATMs in service.
Ownership
The bank's stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is owned by the following corporate and public entities:
{| style="font-size:95%;"
|-
| width="80%" align="center" | Barclays Bank (Uganda) Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1||Barclays Plc
Barclays plc
Barclays PLC is a global banking and financial services company headquartered in London, United Kingdom. As of 2010 it was the world's 10th-largest banking and financial services group and 21st-largest company according to a composite measure by Forbes magazine...
||
|-
|2||Government of Uganda||
|-
| ||Total||100.00
|-
|}
Branch Network
Barclays Bank (Uganda) has its headquarters at 2 Hannington Road, on Nakasero HillNakasero
Nakasero is the hill where the central business district of Kampala is located. Kampala is Uganda's capital and largest city.-Location:Nakasero is bordered by Mulago to the north, Makerere to the northwest, Old Kampala to the west, Namirembe and Mengo to the southwest, Nsambya to the south, Kibuli...
, in Kampala
Kampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
. As of December 2011, the bank maintains branches at the following locations:
- Bugoloobi Branch - 128 Spring Road, BugoloobiBugoloobiBugoloobi, sometimes spelled as Bugolobi, is a location in Kampala, Uganda's capital and largest city.-Location:Bugoloobi is bordered by Nakawa and Mbuya to the north, Mutungo to the east, Kitintale and Luzira to the southeast, Muyenga to the south and southeast, Namuwongo to the west and Kampala's...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Corporate Service Centre - 2 Hannington Road, NakaseroNakaseroNakasero is the hill where the central business district of Kampala is located. Kampala is Uganda's capital and largest city.-Location:Nakasero is bordered by Mulago to the north, Makerere to the northwest, Old Kampala to the west, Namirembe and Mengo to the southwest, Nsambya to the south, Kibuli...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Hannington Road Branch - 2 Hannington Road, NakaseroNakaseroNakasero is the hill where the central business district of Kampala is located. Kampala is Uganda's capital and largest city.-Location:Nakasero is bordered by Mulago to the north, Makerere to the northwest, Old Kampala to the west, Namirembe and Mengo to the southwest, Nsambya to the south, Kibuli...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
Main Branch - Garden City Prestige Centre - Garden City, Kampala
- Jinja Road Branch - 23 - 27 Jinja Road, Kampala
- Kampala Road Branch - 16 Kampala Road, Kampala
- Kamwookya Branch - 108A Kira Road, KamwookyaKamwookyaKamwookya, sometimes spelled as Kamwokya, is a location within the city of Kampala, Uganda's capital and largest metropolitan area.-Location:...
, Kampala - Kansanga Branch - 529 Ggaba Road, KansangaKansanga-Location:Kansanga is bordered by Kabalagala and Kisugu to the north, Muyenga to the northeast, Kiwafu to the east, Bbunga to the southeast, Konge to the south, Lukuli to the southwest, Kibuye to the west and Nsambya to the northwest. The road distance between Kampala's central business district...
, Kampala - Katwe Branch - Quality Chemicals House, 65 Katwe Road, KatweKatwe-Location:Katwe, located in Makindye Division, is bordered by Nakasero to the north, Nsambya to the east, Kibuye and Makindye to the southeast, Ndeeba to the south and Mengo to the west. The road distance between Kampala's central business district and Katwe is approximately...
, Kampala - Kawempe Branch - Katongole Building, 2522 Masindi Highway, KawempeKawempeKawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. The five divisions are:* Kampala Central Division* Lubaga Division...
, Kampala - Kireka Branch - 174 Kampala-Jinja HighwayKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, KirekaKirekaKireka is the name of a township in Central Uganda. It is one of the six townships or Wards that constitute Kira Municipality in Wakiso District... - Lubowa Branch - Quality Hill Shopping Complex, 1621 Lubowa Estate, LubowaLubowaŁubowa is a village in the administrative district of Gmina Tarłów, within Opatów County, Świętokrzyskie Voivodeship, in south-central Poland. It lies approximately south of Tarłów, north-east of Opatów, and east of the regional capital Kielce....
- Lugazi Branch - 121 Kampala Road, LugaziLugaziLugazi is a town in Buikwe District, in Central Uganda. The town is also called Kawolo, and the two names are interchangeably used by the local inhabitants.-Location:...
- Lugogo Branch - 2-8 Lugogo Bypass Road, LugogoLugogoLugogo may refer to:*Lugogo River - a river of Uganda*Lugogo Stadium - a stadium in Kampala, Uganda*The middle name of the American professional wrestler David Sammartino...
- Luwuum Street Branch - Luwum Street, Kampala
- Nakawa Branch - URA Customs Building, 1-3, Sebei Lane, NakawaNakawaNakawa is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Nakawa Division, one of the five administrative divisions of Kampala.-Location:Nakawa is located on the eastern edge of the city of Kampala...
, Kampala - Naakulabye Branch - 1254 City Petrol Station, NaakulabyeNaakulabyeNaakulabye is a neighborhood within the city of Kampala, the capital of Uganda and its largest metropolitan area.-Location:Naakulabye is located in Lubaga Division, in northwestern Kampala...
- Nateete Branch - 18 Wakaliga Road, NateeteNateeteNateete is a location in the city of Kampala, Uganda's capital. The correct spelling is with two "e"'s. Unfortunately the location is often misspelled with one "e".-Location:Nateete is located on the southwestern edge of the city of Kampala...
, Kampala - Ndeeba Branch - 479 Masaka Road, NdeebaNdeeba-Location:Ndeeba is located on the southwestern edge of the city of Kampala. It is bordered by Mengo to the north, Katwe to the northeast, Kibuye to the east, Makindye and Najjanankumbi to the southeast, Kabowa to the south, Mutundwe to the west and Lubaga to the northwest...
, Kampala - Ntinda Branch - Ntinda Shopping Mall, Kimera Road, NtindaNtinda-Location:Ntinda is bordered by Kyambogo to the east, Nakawa to the south, Naguru to the west, Bukoto to the northwest, Kigoowa to the north and Kiwaatule to the northeast. This location is approximately , by road, northeast of Kampala's central business district...
, Kampala - Ovino Market Branch - Ovino Market, Kampala
- Parliament Ave Branch - IPS Building, 14 Parliament Avenue, Kampala
- Lubaga Branch - 22C Namirembe Road, Old Kampala Hill, Kampala
- Shauriyako Branch - 34-38 Nakivubo Road, Kampala
- Tankhill Parade Branch - 2683 Kisugu-Muyenga Road, MuyengaMuyenga-Location:Muyenga is bordered by Bukasa to the east, Kiwuliriza to the north, Kisugu and Kabalagala to the west, Kansanga to the southwest, Kiwafu to the south and Kyeyitabya to the southeast. The coordinates of Muyenga Hill are: Latitude:0.2938; Longitude:32.6114....
, Kampala - Wandegeya Branch - 170 Bombo Road, WandegeyaWandegeyaWandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area.The name is derived from the weaver birds, , which used to inhabit the area prior to the 1990s.-Location:...
, Kampala - Abaita Ababiri Branch - Entebbe-Kampala Road, Abayita Ababiri, EntebbeEntebbeEntebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
- Kitoro Branch - Kitoro, EntebbeEntebbeEntebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
- Masaka Branch - 2 Broadway Street, MasakaMasakaMasaka is a town in Central Uganda, lying west of Lake Victoria. It is the chief town of Masaka District. Besides being the headquarters of Masaka District, the town is the regional headquarters and largest metropolitan area in Lyantonde District, Sembabule District, Lwengo District, Bukomansimbi...
- Mukono Branch - Best Meals Building, Mukono
- Busia Border Branch - Busia Customs Yard, BusiaBusia, UgandaBusia is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Busia District and the district headquarters are located there. The district is named after the town.-Location:...
- Iganga Branch - 85 Main Street, IgangaIganga.Iganga is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Iganga District and the district headquarters are located there. The district is named after the town.-Location:...
- Jinja Branch - 81 Main Street, JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Mbale Branch - Republic Street, MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Soroti Branch - 40 Gweri Road, SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
- Tororo Branch - 4 Mbale Road, TororoTororoTororo is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Tororo District. The district was named after the town.-Location:...
- Arua Branch - 1D Transport Road, AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Gulu Branch - 32 Gulu Avenue, GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Lira Branch - 10 Soroti Road, LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Fort Portal Branch - 14 Bwamba Road, Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Hoima Branch - 56 Main Street, HoimaHoimaHoima is a town in Western Uganda. It is main municipal, administrative and commercial center of Hoima District in Uganda. It is also the location of the palace of the Omukama of Bunyoro.-Location:...
- Ishaka Branch - IshakaIshakaIshaka is a town in south-western Uganda. It is one of the municipalities in Bushenyi District.-Location:Ishaka is located in Igara County, Bushenyi District, in Western Uganda. It is located approximately , by road, west of Mbarara, the largest city in the sub-region...
- Kabale Branch - 190 Main Street, KabaleKabaleKabale is a city in Western Uganda. It is the 'chief town' of Kabale District and the district headquarters are located there. The district is named after the town.-Location:...
- Kasese Branch - 68 Rwenzori Road, KaseseKaseseKasese is a town in Western Uganda, lying north of Lake George. It originally grew around the copper mine at Kilembe, while attention later turned to cobalt mining. It is the 'chief town' of Kasese District and the district headquarters are located there...
- Masindi Branch - 77 Port Road, MasindiMasindiMasindi is a town in Western Uganda, which lies on the road from Kampala to the Murchison Falls National Park. It is the 'chief town' of the Masindi District and the district headquarters are located there...
- Mbarara Branch - 66 High Street, Mbarara
Board of directors
Barclays Bank (Uganda) is governed by a Board of Directors. The Chairman of the Board is one of the non-Executive Directors.Management Board
The Managing Director of Barclays Bank is Charles Ongwae. He is assisted by other managers in supervising the normal operations of the bank. He holds an MBA in Strategic Management and a Bachelor of CommerceBachelor of Commerce
A Bachelor of Commerce is an undergraduate degree in commerce and related subjects. The degree is also known as the Bachelor of Commerce and Administration, or BCA...
(BCom) degree, both gained from the University of Nairobi
University of Nairobi
The University of Nairobi is the largest university in Kenya. Although its history as an educational institution goes back to 1956, it did not become an independent university until 1970 when the University of East Africa was split into three independent universities: Makerere University in...
. He is a Certified Public Accountant
Certified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
(CPA
Certified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
). Immediately prior to his appointment to his present position, Ongwae was Chief Financial Officer
Chief financial officer
The chief financial officer or Chief financial and operating officer is a corporate officer primarily responsible for managing the financial risks of the corporation. This officer is also responsible for financial planning and record-keeping, as well as financial reporting to higher management...
of Barclays East and West Africa.
