Centenary Bank

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Centenary Bank
TypePrivate
IndustryFinancial Services
Founded1983
HeadquartersMapeera House
44-46 Kampala Road
Kampala, Uganda
Key peopleJohn Ddumba Ssentamu
Chairman
Fabian Kasi
Managing Director[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease Aftertax: US$19.3+ million (UGX:47.9 billion) (2011)[2]
Total assetsUS$381.3+ million (UGX:944 billion) (2011)
Employees1,438+ (2010)[3]
WebsiteHomepage
 
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Centenary Bank
TypePrivate
IndustryFinancial Services
Founded1983
HeadquartersMapeera House
44-46 Kampala Road
Kampala, Uganda
Key peopleJohn Ddumba Ssentamu
Chairman
Fabian Kasi
Managing Director[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease Aftertax: US$19.3+ million (UGX:47.9 billion) (2011)[2]
Total assetsUS$381.3+ million (UGX:944 billion) (2011)
Employees1,438+ (2010)[3]
WebsiteHomepage

Centenary Bank is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.[4]

Contents

Overview

The bank is a mid-sized financial services provider in Uganda. It is primarily involved in the promotion of development through loans to rural farmers, processors of agricultural produce, small manufacturers, small traders, importers and exporters. While engaged in all areas of commercial banking, Centenary Bank has a significant portion of its portfolio in the microfinance arena in an attempt to meet the needs of the many individuals and business entities with limited means that the bank serves. As of December 2011, Centenary Bank had an asset base that was valued at about US$381.3 million (UGX:944 billion),[5] with shareholder's equity in excess of US$57 million (UGX:140 billion).[6]

History

The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by six individuals: (a) Simeon Lutaakome (b) Hugh Francis Pulle (RIP) (c) Paul Kateregga (d) Vincent Kirabo kya Maria (e) Emmanuel Mpande (RIP) and (f) John Ogutu (RIP).[7] In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank in 1993, after receiving a banking license from the Bank of Uganda, Uganda's central bank. As of December 2011, Centenary Bank was the 6th largest commercial bank in Uganda, with an asset base estimated at US$381.3 million (UGX:944 billion), representing approximately 7% of all bank assets in the country at that time.[8] Centenary Bank is the second-largest indigenous Ugandan bank, behind Crane Bank.[9]

Ownership

The bank's stock is privately owned by the following corporate entities and individuals:[10]

Centenary Bank Stock Ownership
RankName of OwnerPercentage Ownership
1Roman Catholic Dioceses of Uganda39.00
2Uganda Roman Catholic Secretariat31.00
3Stitching Hivos-Triodos Fonds18.00
4SIDI11.00
5Ugandan Individuals01.00
Total100.00

Branch Network

Centenary Bank has its headquarters in Kampala. As of August 2012, the bank has moved into its new headquarters building, Mapeera House, on Kampala Road opposite City Square. Centenary Bank has a network of 60 bank branches together with 115 linked automated teller machines in Central, Western, Northern and Eastern Uganda. The bank boasts of over 1,100,000 deposit customers.[11]

Centenary Bank has the second-largest branch network in Uganda, behind Stanbic Bank. The majority of the bank's branches are in rural areas and the bank plans to open more branches in future.[12] The branches of the bank include the following locations, arranged alphabetically:[13]

  1. Amber House Branch - Speke Road, Kampala
  2. Apac Branch - Apac
  3. Arua Branch - 3 Avenue Road, Arua
  4. Bugoloobi Branch - Bugoloobi, Kampala
  5. Bugiri Branch - 117 Grant Street, off Iganga-Tororo Highway, Bugiri
  6. Bwaise Branch - 526 Bombo Road, Bwaise[14]
  7. CenteMobile Branch - Based at Gulu Branch, 426 Gulu Street, Gulu
  8. Entebbe Road Branch - Talenta House, 7 Entebbe Road, Kampala
  9. Entebbe Road Annex Branch - 18-20 Entebbe Road, Kampala
  10. Fort Portal Branch - 4 Rukidi III 7th Street, Fort Portal
  11. Gulu Branch - 426 Gulu Street, Gulu
  12. Hoima Branch - 41-43 Fort Portal Road, Hoima
  13. Ibanda Branch - 4 Main Street, Ibanda
  14. Iganga Branch - Wagoina Road, Iganga
  15. Ishaka Branch - 432 Rukungiri Road, Ishaka
  16. Isingiro Branch - 17A High Street, Isingiro
  17. Jinja Branch - 6 Nizam Road, Jinja[15]
  18. Kabalagala Branch - Ggaba Road, Kabalagala
  19. Kabale Branch - 129 Kabale Road, Kabale
  20. Kagadi Branch - Kagadi
  21. Kamuli Branch - Kamuli[16]
  22. Kanungu Branch - Kihiihi Road, Kanungu
  23. Kapchorwa Branch - 1 Market Street, Kapchorwa
  24. Kasese Branch - 13-14 Portal Street, Kasese
  25. Kayabwe Branch - Kayabwe, Mpigi District
  26. Kayunga Branch - Main Street, Kayunga[17]
  27. Kiboga Branchh - 101 Hoima Road, Kiboga
  28. Kikuubo Branch - 38 William Street, Kampala
  29. Kireka Branch - Kampala-Jinja Highway, Kireka, Kira Municipality
  30. Kisoro Branch - Kisoro
  31. Kitgum Branch - 7-8 Ogwok Road, Kitgum
  32. Koboko Branch - 19 Central Road, Koboko
  33. Kotido Branch - Kotido
  34. Kumi Branch - 39 Ngora Road, Kumi
  35. Kyenjojo Branch - 2-6 Nyantongo Road, Kyenjojo
  36. Kyotera Branch - 6 Kyotera Road, Kyotera
  37. Lira Branch - 5-7 Soroti Road, Lira
  38. Lugogo Branch - Forest Mall, Lugogo Bypass Road, Kampala
  39. Masaka Branch - 6 Edward Avenue, Masaka
  40. Masindi Branch - 59-61 Masindi Port Road, Masindi[18]
  41. Mapeera House Branch - Mapeera House, Kampala Road, Kampala Main Branch
  42. Mbale Branch - 54 Republic Street, Mbale
  43. Mbarara Branch - 25-27 High Street, Mbarara
  44. Mityana Branch - 50 Corner House, Mityana
  45. Mubende Branch - Mubende
  46. Mukono Branch - Kampala-Jinja Highway, Mukono
  47. Najjanankumbi Branch - Pelican House, 1032 Entebbe Road, Najjanankumbi
  48. Nakivubo Road Branch - Mukwano Arcade, Kampala
  49. Namirembe Road Branch - 16 Namirembe Road, Kampala
  50. Nateete Branch - Masaka Road, Kampala
  51. Nebbi Branch - 1-5 Bishop Orombi Road, Nebbi
  52. Ntinda Branch - Capital Shoppers Mall, Ntinda Road, Ntinda, Kampala
  53. Ntungamo Branch - Kabale Road, Ntungamo[19]
  54. Oasis Mall Branch - Oasis Shopping Mall, Yusuf Lule Road, Kampala
  55. Rubaga Branch - Rubaga Cathedral Administration Block, Stensera Road, Lubaga - Adjacent to St. Mary's Cathedral
  56. Rukungiri Branch - 910 Kinyasono Road, Rukungiri
  57. Soroti Branch - 36 Gweri Road, Soroti
  58. Tororo Branch - 3 Uhuru Drive, Tororo
  59. Wakiso Branch - 214 Main Street, Wakiso
  60. Wobulenzi Branch - 249 Gulu Road, Wobulenzi

Directors

Centenary Bank is governed by a twelve-person Board of Directors of whom two are Executive Directors and ten are non-Executive. The Chairman of the Board is Professor John Ddumba Ssentamu, one of the non-Executive Directors.

Management Board

The Managing Director of Centenary Bank is Fabian Kasi. He is assisted by nine other managers in supervising the normal operations of the bank.

See also

Photos

External links

References