Tropical Bank
| Private | |
| Industry | Financial services |
| Founded | 1973 |
| Headquarters | Kampala, Uganda |
|
Key people
|
Gerald Sendaula chairman Kreshi Sameh Mahmud managing director & chief executive officer |
| Products | Loans, checking, savings, debit cards, investments, mortgages |
| Revenue |
 Aftertax: UGX:1.91 billion (2015) |
| Total assets | UGX:256.8 billion (2015) |
| Website | www |
Tropical Bank is a commercial bank in Uganda. It is licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator.
As of December 2015[update], Tropical Bank was a small financial services provider in Uganda. The bank's assets at that time were UGX:256.78 billion, with shareholders' equity of UGX:57.23 billion.
The bank was established in 1973 as the Arab Libyan Bank for Foreign Trade & Development. In 1994, the name was changed to Tropical Africa Bank Limited. In 2006, the bank re-branded to Tropical Bank.
99.7 percent of the share capital of Tropical Bank is owned by the Libyan government through the Libyan Foreign Bank. The remaining 0.3 percent is owned by the government of Uganda through the Ministry of Finance & Economic Development.
Tropical Bank is governed by a six-person board of directors, of whom two are executive directors and four are non-executive. Gerald Sendawula, one of the non-executive directors, is the chairman of the board. Sameh Mahmoud Krekshi is the managing director. Three other managers assist him in running the bank.
As of May 2014[update], Tropical Bank had a network of branches in the central and eastern regions of Uganda. The bank's plans to open branches in neighboring countries in East Africa have been postponed.
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Wikipedia