The Bank of Baroda Uganda Limited, also known as the Bank of Baroda Uganda (BBU), is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda . It is one of the commercial banks licensed by the Bank of Uganda, the national banking regulator.[2]
BBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2019, BBU had total assets of 1,875,630,000,000/= (US$498,172,000), with shareholders' equity of 394,895,000,000/= (US$104,885,000).[1]
History
BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, BBU was incorporated in Uganda. In 1972, BBU acquired the banking business of the Bank of India Uganda Limited, and the government of Uganda acquired a 49 percent shareholding in BBU, leaving BoB with a 51 percent shareholding. In 1999, the government divested its 49 percent shareholding, returning full ownership of BBU to BoB.[3] In November 2002, BBU offered 20 percent of its shares to institutional and private investors on the USE through an initial public offering.[4]
Subsidiaries
BBU owns all of Baroda Capital Markets (Uganda) Limited, which was established in 1993. The subsidiary is a broker/dealer in capital markets and is licensed by Uganda's Capital Markets Authority (CMA). The Baroda brokerage is a member of the CMA Governing Council.[1]
Ownership
The following table shows the ten largest shareholders of BBU stock, as of 31 December 2018.[1]
^ abcdeBank of Baroda Uganda (27 March 2020). "Bank of Baroda Uganda: Financial Statement for the Year Ending 31 December 2019" (PDF). Kampala: Bank of Baroda Uganda Limited. Retrieved 10 April 2020.
^BOU (31 March 2017). (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 30 July 2017. Retrieved 29 January 2018.
^BBU (29 January 2018). "History of Bank of Baroda Uganda". Kampala: Bank of Baroda Uganda Limited (BBU). Retrieved 29 January 2018.
^USE (29 January 2018). "Profile of Bank of Baroda Uganda (BBU) At Uganda Securities Exchange Website". Uganda Securities Exchange (USE). Retrieved 29 January 2018.
^BBU (29 January 2018). "Branches of Bank of Baroda In Uganda". Bank of Baroda Uganda (BBU). Retrieved 29 January 2018.
^Sanya, Wilfred (1 November 2012). . New Vision via AllAfrica.com. Archived from the original on 2 May 2014. Retrieved 1 May 2014.
External links
Official website
Bank of Baroda India Website
Uganda Securities Exchange Website
Baroda to replace ATMs with cash recycler machines. As of 10 April 2020.
January 07, 2023
bank, baroda, uganda, limited, also, known, bank, baroda, uganda, commercial, bank, uganda, wholly, owned, subsidiary, indian, government, owned, banking, financial, service, company, bank, baroda, commercial, banks, licensed, bank, uganda, national, banking, . The Bank of Baroda Uganda Limited also known as the Bank of Baroda Uganda BBU is a commercial bank in Uganda and a wholly owned subsidiary of Indian government owned banking and financial service company Bank of Baroda It is one of the commercial banks licensed by the Bank of Uganda the national banking regulator 2 Bank of Baroda Uganda LimitedTypeSubsidiary of Bank of Baroda BOBUIndustryBanking capital markets financeFounded1953Headquarters18 Kampala RoadKampala UgandaKey peopleVastina Rukimirana NsanzeChairpersonRaj Kumar MeenaCEO and Managing DirectorProductsLoans credit cards savings investmentsRevenueAftertax USh 45 361 839 000 US 12 048 200 2019 1 Total assets1 875 630 000 000 US 498 172 000 2019 1 OwnerBank of Baroda 100 Number of employees188 2011 WebsiteHomepage Contents 1 Overview 2 History 3 Subsidiaries 4 Ownership 5 Branch network 6 See also 7 References 8 External linksOverview EditBBU is involved in all aspects of commercial banking focusing on large corporations small and medium enterprises and individuals BBU is a subsidiary of the Bank of Baroda BoB an international bank with headquarters in Mumbai India BBU is listed on the Uganda Securities Exchange USE where it trades under the symbol BOBU As of December 2019 BBU had total assets of 1 875 630 000 000 US 498 172 000 with shareholders equity of 394 895 000 000 US 104 885 000 1 History EditBoB opened its first overseas branches in Mombasa Kenya and Kampala Uganda in 1953 BBU commenced operations in Uganda on 18 December 1953 initially as an overseas branch of BoB On 1 November 1969 BBU was incorporated in Uganda In 1972 BBU acquired the banking business of the Bank of India Uganda Limited and the government of Uganda acquired a 49 percent shareholding in BBU leaving BoB with a 51 percent shareholding In 1999 the government divested its 49 percent shareholding returning full ownership of BBU to BoB 3 In November 2002 BBU offered 20 percent of its shares to institutional and private investors on the USE through an initial public offering 4 Subsidiaries EditBBU owns all of Baroda Capital Markets Uganda Limited which was established in 1993 The subsidiary is a broker dealer in capital markets and is licensed by Uganda s Capital Markets Authority CMA The Baroda brokerage is a member of the CMA Governing Council 1 Ownership EditThe following table shows the ten largest shareholders of BBU stock as of 31 December 2018 1 Bank of Baroda Uganda Stock Ownership Rank Name of Owner Per centage Ownership1 Bank of Baroda of India 80 002 Sudhir Ruparelia 2 503 DFCU Bank Limited 2 504 National Social Security Fund Uganda 2 005 Maheshwary Puroshottam 1 006 King Ceasor Augustus Mulenga 0 807 Bank of Uganda Employee Benefits Scheme 0 648 Dr Joseph Byambara Byamugisha 0 639 Uganda Parliamentary Pension Scheme 0 5610 National Social Security Fund PineBridge 0 4011 Others 8 97Total 100 0Branch network EditAs of January 2018 update BBU had a branch network in all parts of Uganda including 5 Head Office 18 Kampala Road Kampala Main Branch Railway Station Branch Esso Corner 6 Jinja Road Kampala Industrial Area Branch 37 43 Mulwana Road Kampala 6 Kololo Branch 31 Kira Road Kololo Kampala Kansanga Branch 70 378 Kampala Ggaba Road Kansanga Kampala Ovino Market Branch 24 28 Rashid Khamis Road Old Kampala Kampala Kawempe Branch Shree Hari Complex 35 36 Kawempe Bombo Road Kawempe Entebbe Branch 24 Gower s Road Entebbe Mukono Branch 59 67 Kampala Jinja Road Mukono Jinja Branch 16 a amp b Iganga Road Jinja Lugazi Branch SCOUL Secondary School Premises Jinja Road Lugazi Iganga Branch 84A amp 84B Main Street Iganga Mbale Branch Baroda House 3 Pallisa Road Mbale Mbarara Branch 11 Masaka Road Mbarara Kabale Branch 94 Kabale Road Kabale Lira Branch 2 Aputi Road Lira Uganda See also Edit Banks portalList of banks in Uganda Banking in Uganda Bank of Baroda Tanzania LimitedReferences Edit a b c d e Bank of Baroda Uganda 27 March 2020 Bank of Baroda Uganda Financial Statement for the Year Ending 31 December 2019 PDF Kampala Bank of Baroda Uganda Limited Retrieved 10 April 2020 BOU 31 March 2017 List of Licensed Commercial Banks As At March 2017 PDF Kampala Bank of Uganda BOU Archived from the original PDF on 30 July 2017 Retrieved 29 January 2018 BBU 29 January 2018 History of Bank of Baroda Uganda Kampala Bank of Baroda Uganda Limited BBU Retrieved 29 January 2018 USE 29 January 2018 Profile of Bank of Baroda Uganda BBU At Uganda Securities Exchange Website Uganda Securities Exchange USE Retrieved 29 January 2018 BBU 29 January 2018 Branches of Bank of Baroda In Uganda Bank of Baroda Uganda BBU Retrieved 29 January 2018 Sanya Wilfred 1 November 2012 Baroda Goes to Industrial Area New Vision via AllAfrica com Archived from the original on 2 May 2014 Retrieved 1 May 2014 External links EditOfficial website Bank of Baroda India Website Uganda Securities Exchange Website Baroda to replace ATMs with cash recycler machines As of 10 April 2020 Retrieved from https en wikipedia org w index php title Bank of Baroda Uganda Limited amp oldid 1120123767, wikipedia, wiki, book, books, library,
