Opportunity Bank Uganda Limited
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Company type | Private |
---|---|
Industrie | Finanzdienstleistungen |
Gegründet | 1995 |
Hauptsitz | 1259 Old Kira Road Kamwokya, Kampala, Uganda |
Key people | Emmanuel Tineyi Mawocha, CEO[1] |
Produkte | Loans, Savings, ATM, mobile banking |
Total assets | US$36.3 million (USh132 billion) (2019)[2] |
Number of employees | 365 (2015)[3] |
Website | Homepage |
Opportunity Bank Uganda Limited (OBUL), is a commercial bank in Uganda. It received a commercial banking licence from the Bank of Uganda on 25 September 2019.[2]
Standort
OBUL's headquarters are located in Opportunity House, at 1259 Old Kira Road, in Kamwookya, a business and residential neighborhood within the city of Kampala, Uganda's capital.[4] The geographical coordinates of the bank's headquarters are 0°20'43.0"N, 32°35'37.0"E (Latitude:0.345278; Longitude:32.593611).[5]
Übersicht
Opportunity Bank Uganda Limited is a Tier I Financial Institution (Commercial Bank), licensed by the Bank of Uganda, the central bank and national banking regulator.[1][2]
As a credit institution, it is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International and is a member of their network. They specialize in lending to the poorest of the working poor. As of December 2015[update], the institution's total assets were valued at US$20.53 million, with shareholder's equity of US$7.86 million.[3]
History
This microfinance institution was licensed in 1995 and began operations in 1996 as Faulu Uganda, a programme of Food for the Hungry International, a non-governmental organization. In July 1999, Faulu Uganda incorporated as a limited liability company in Uganda, becoming Faulu Uganda Limited. Under that name, the company became part of the Faulu network in Uganda and Kenya.[6]
In 2006, Opportunity Transformation Investments and Opportunity International Australia each purchased a 31.5 percent stake in Faulu Uganda Limited, giving Opportunity International a combined majority stake of 63 percent in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of Faulu Uganda, thereby taking outright ownership of the company. The financial institution was renamed Opportunity Uganda Limited.[7][8] In November 2011, the institution rebranded to "Opportunity Bank Uganda Limited".[9]
Ownership
The company is owned by five different entities, as of October 2016.[10]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | MyBucks | |
2 | Opportunity Transformational Inc | |
3 | Faulu Trust | |
4 | Opportunity International Canada | |
5 | Food for the Hungry Organization | |
Total |
Branch network
The branch network of OBUL has included the following locations:[12]
- Kira Road Branch - 80 Kira Road, Kamwookya
- City Center Branch - 14 Kampala Road, Kampala
- Kawempe Branch - 494 Block 204, Goshen House, Kawempe
- Nateete Branch - 715 Masaka Road, Nateete
- Owino Branch - Ovino Shopping Complex, 22 Kisenyi Road, Kampala
- Gayaza Branch - Gayaza-Kampala Road, Gayaza
- Nansana Branch - Hoima Road, Nansana
- Jinja Branch - 9 Skindia Road, Jinja
- Iganga Branch - 88 Main Street, Iganga
- Mbarara Branch - 90 Highway Street, Mbarara
- Masaka Branch - Edward Avenue, Masaka
- Kalagi Branch - Mukono-Kayunga Road, Kalagi
- Mubende Branch - 103 Lubanga Road, Mubende
- Head Office - 7A Acacia Avenue, Kololo, Kampala
- Mayuge Branch - Mayuge
- Mbale Branch - Mbale
- Kyenjojo Branch - Kyenjojo
- Hoima Branch - Hoima
- Mukono Branch - Mukono
- Soroti Branch - Soroti
- Mityana Branch - Mityana
- Abaita Ababiri Branch - Entebbe
See also
References
- ^ a b Muhereza Kyamutetera (29 September 2019). "What Do We Know About Opportunity Bank, Uganda's Latest Commercial Bank, Which You Probably Did Not Know". Kampala: CEO Magazine Uganda. Retrieved 3 October 2019.
- ^ a b c Martin Luther Oketch (2 October 2019). "Opportunity raises commercial bank operators to 25". Daily Monitor. Kampala. Retrieved 3 October 2019.
- ^ a b TMO (31 December 2015). "MFI Report: Opportunity Uganda Data As At 31 December 2015". Themix.org (TMO). Retrieved 14 October 2016.
- ^ Alon Mwesigwa (19 March 2018). "Opportunity Bank Shifts From 'Elitist' Kololo to Kamwokya". The Observer (Uganda). Kampala. Retrieved 3 October 2019.
- ^ "Location of the headquarters of Opportunity Bank Uganda Limited" (Map). Google Maps. Google. 3 October 2019. Retrieved 3 October 2019.
- ^ Sources (14 June 2014). "History of Faulu Uganda Limited". List-Company.com. Retrieved 14 June 2014.
- ^ Kamau, Scola (16 December 2009). "Faulu Uganda Rebrands to Opportunity Uganda". Daily Monitor. Retrieved 15 June 2014.
- ^ Vision Reporter (14 December 2009). "US-based Group to Take Over Faulu". New Vision. Kampala. Retrieved 15 June 2014.
- ^ Kalungi, Nicholas (24 November 2011). "Opportunity Uganda Takes On New Name". Daily Monitor. Kampala. Retrieved 15 June 2014.
- ^ OBUL (9 August 2016). "Opportunity Bank Uganda Limited: Shareholding". Kampala: Opportunity Bank Uganda (OBUL). Retrieved 9 August 2016.
- ^ Busuulwa, Bernard (11 October 2016). "Uganda: Mybucks Enters Uganda With 49 Percent Stake in Opportunity Bank". The EastAfrican. Nairobi. Retrieved 14 October 2016.
- ^ OBUL (14 October 2016). "The Branches of Opportunity Bank Uganda". Kampala: Opportunity Bank Uganda (OBUL). Retrieved 14 October 2016.