Bank of Africa (Uganda)
 |
|
| Private | |
| Industry | Financial services |
| Founded | 1984 |
| Headquarters | Kampala, Uganda |
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Key people
|
John Caruthers, chairman Arthur Isiko, managing director |
| Products | Loans, savings, investments, debit cards, credit cards, mortgages |
| Revenue |
 Aftertax:US$431,950+ (UGX:1.2 billion) (2014) |
| Total assets | UGX:497.6 billion (2014) |
|
Number of employees
|
333 (2012) |
| Website | Homepage |
Bank of Africa Uganda Limited, also BOA Uganda, whose complete name is, is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the country's central bank and the national banking regulator.
BOA Uganda is involved in all aspects of commercial banking with emphasis on provision of banking services to multinational companies, mid-size local enterprises, and small retail businesses. As of December 2014[update], BOA Uganda was a medium-sized financial services provider in Uganda, with a total asset base valued at about UGX:497.6 billion. As of 31 December 2012, the shareholders' equity amounted to about US$22 million (UGX:55.6 billion).
The bank is a member of the Bank of Africa Group, a multinational, Pan African bank headquartered in Bamako, Mali, with presence in fourteen African countries. The group also maintains an office in Paris, France. As of December 2011[update], the group employed more than 4,500 people in about 340 offices, in 15 countries, servicing nearly 1.2 million bank accounts.
BOA (Uganda) started its operations in 1984 as Sembule Investment Bank. In 1996, Sembule Investment Bank was purchased by Banque Belgolaise and the Netherlands Development Finance Company. The new owners renamed the bank Allied Bank. In October 2006, Banque Belgolaise sold its shares to a group of investors that included the Bank of Africa (Kenya), Aureos East Africa Fund LLC, and Central Holdings (Uganda) Limited. The name of the bank was changed to Bank of Africa (Uganda) Limited.
The share ownership of BOA (Uganda), as of 31 December 2014, is summarized in the table below:
Source:
John Caruthers is the chairman of the bank. In December 2010, Edigold Monday was appointed managing director of the bank. She became the first indigenous woman to rise to the level of managing director of a commercial bank in the history of Uganda. In April 2014, Monday resigned.Arthur Isiko was appointed to replace her.
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Wikipedia