Bank of Baroda Uganda Limited

Commercial bank in Uganda

Bank of Baroda Uganda LimitedCompany type| Public: USE: BOBU

|

Industry| Banking, capital markets, finance
Founded| 1953; 72 years ago (1953)
Headquarters| 18 Kampala Road
Kampala, Uganda

Key people

| Vastina Rukimirana Nsanze
Chairperson
Shashi Dhar
CEO and Managing Director
Products| Loans, credit cards, savings, investments
Revenue| Aftertax: USh 115,966,074,000/= (US$30,875,300) (2023)[1]
Total assets| USh 2,804,828,346,000/= (US$746,769,400) (2023)[1]
Owner| Bank of Baroda (80%)

Number of employees

| 188 (2011)
Website| Homepage

The Bank of Baroda Uganda Limited (BOBU), is a commercial bank in Uganda that is majority owned by the Indian government owned banking and financial service conglomerate Bank of Baroda. BOBU is one of the commercial banks licensed by the Bank of Uganda, the central bank and national banking regulator.[2]

## Overview

[edit]

BOBU is involved in all aspects of commercial banking, focusing on large corporations, small and medium enterprises, and individuals. BOBU is a subsidiary of the Bank of Baroda (BoB), an international bank with headquarters in Mumbai, India. BOBU is listed on the Uganda Securities Exchange (USE) where it trades under the symbol "BOBU". As of December 2023, the bank had total assets of USh2,804,828,346,000/= (approx. US$746,769,400), with shareholders' equity of USh708,851,014,000/= (approx. US$188,728,000).[1]

## History

[edit]

BoB opened its first overseas branches in Mombasa, Kenya and Kampala, Uganda in 1953. BOBU commenced operations in Uganda on 18 December 1953, initially as an overseas branch of BoB. On 1 November 1969, BOBU was incorporated in Uganda. In 1972, BOBU acquired the banking business of the Bank of India Uganda Limited, and the government of Uganda acquired a 49 percent shareholding in BOBU, leaving BoB with a 51 percent shareholding. In 1999, the government divested its 49 percent shareholding, returning full ownership of BOBU to BoB.[3] In November 2002, BOBU offered 20 percent of its shares to institutional and private investors on the Uganda Securities Exchange (USE) through an initial public offering.[4][5]

## Subsidiaries

[edit]

BOBU 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

[edit]

The following table shows the ten largest shareholders of BBU stock, as of 31 December 2022.[6]

Bank of Baroda Uganda Stock Ownership Rank | Name of Owner | Per centage Ownership

|
|

1 | Bank of Baroda of India | 80.00
2 | Sudhir Ruparelia | 2.50
3 | DFCU Bank Limited | 2.36
4 | National Social Security Fund (Uganda) | 2.10
5 | King Ceasor Augustus Mulenga | 1.82
6 | Charles Michael Mbire | 0.94
7 | Jesseph Mbyambara Byamugisha | 0.63
8 | Andrew Muhimbise | 0.56
9 | Bank of Uganda Employee Benefits Scheme | 0.40
10 | Jobanputra Mandakini Kishor | 0.40
11 | Others | 8.20
| Total | 100.0

* Note: Totals may be slightly off due to rounding.

## Branch network

[edit]

As of December 2023[update], BOBU had a branch network in all parts of Uganda, including:[1]

1. Head Office \- 18 Kampala Road, Kampala (Main Branch)
2. Arua Branch - KKT Plaza, 6-22 Duka Road, Arua
3. Railway Station Branch - Esso Corner, 6 Jinja Road, Kampala
4. Industrial Area Branch - 37–43 Mulwana Road, Kampala[7]
5. Kololo Branch - 31 Kira Road, Kololo, Kampala
6. Kansanga Branch - 70/378 Kampala–Ggaba Road, Kansanga, Kampala
7. Ovino Market Branch - 24–28 Rashid Khamis Road, Old Kampala, Kampala
8. Kawempe Branch - Shree Hari Complex, 35/36 Kawempe-Bombo Road, Kawempe
9. Entebbe Branch - 24 Gower's Road, Entebbe
10. Mukono Branch - 59-67 Kampala-Jinja Road, Mukono
11. Jinja Branch - 16 a&b Iganga Road, Jinja
12. Lugazi Branch - SCOUL Secondary School Premises, Jinja Road, Lugazi
13. Iganga Branch - 84A & 84B Main Street, Iganga
14. Mbale Branch - Baroda House, 3 Pallisa Road, Mbale
15. Mbarara Branch - 11 Masaka Road, Mbarara
16. Kabale Branch - 94 Kabale Road, Kabale
17. Lira Branch - 2 Aputi Road, Lira, Uganda.

## See also

[edit]

* Banks portal

* List of banks in Uganda
* Banking in Uganda
* Bank of Baroda Tanzania Limited

## References

[edit]

1. ^ a b c d e Bank of Baroda Uganda (24 April 2024). "Bank of Baroda Uganda: Financial Statement for the Year Ending 31 December 2023". Bank of Baroda Uganda (BOBU). Kampala, Uganda. Retrieved 13 May 2024.
2. ^ Bank of Uganda (31 March 2023). "List of Licensed Banks As At 31 March 2023". Bank of Uganda. Kampala, Uganda. Retrieved 13 May 2024.
3. ^ Bank of Baroda Uganda (29 January 2018). "History of Bank of Baroda Uganda". Bank of Baroda Uganda. Kampala, Uganda. Archived from the original on 9 May 2017. Retrieved 29 January 2018.
4. ^ USE (29 January 2018). "Profile of Bank of Baroda Uganda (BBU) At Uganda Securities Exchange Website". Uganda Securities Exchange (USE). Kampala, Uganda. Retrieved 29 January 2018.
5. ^ Stephen Ilungole (2 September 2002). "Baroda Sells Shares". New Vision. Kampala, Uganda. Retrieved 13 May 2024.
6. ^ Bank of Baroda Uganda (20 April 2023). "Bank of Baroda Annual Report for the Year Ending 31 December 2022" (PDF). Bank of Baroda Uganda. Kampala, Uganda. Retrieved 3 June 2024.
7. ^ 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

[edit]

* Official website
* Bank of Baroda India Website
* Uganda Securities Exchange Website
* Baroda to replace ATMs with cash recycler machines. As of 10 April 2020.

Authority control databases

International|

* VIAF

National|

* United States

* v
* t
* e

Kampala District

Capital: Kampala

Divisions|

* Kampala Central Division
* Kawempe Division
* Lubaga Division
* Makindye Division
* Nakawa Division

Neighborhoods|

* Banda
* Bugoloobi
* Bukoto
* Busega
* Butabika
* Bwaise
* Ggaba
* Kabalagala
* Kamwookya
* Kansanga
* Kaleerwe
* Kanyanya
* Kasubi
* Katwe
* Kawaala
* Kawempe
* Kibuli
* Kibuye
* Kigoowa
* Kikaaya
* Kisaasi
* Kiwaatule
* Kulambiro
* Kololo
* Kyambogo
* Kyebando
* Lubaga
* Lungujja
* Luzira
* Makerere
* Makindye
* Mbuya
* Mengo
* Mpererwe
* Mulago
* Munyonyo
* Muyenga
* Naakulabye
* Naguru
* Najjanankumbi
* Nakasero
* Nakawa
* Nakawa–Naguru Estates
* Namirembe
* Namungoona
* Namuwongo
* Nateete
* Ndeeba
* Nsambya
* Ntinda
* Old Kampala
* Port Bell
* Wandegeya

Banking|

* Bank of Uganda
* Uganda Deposit Protection Fund
* ABC Bank (Uganda)
* Absa Bank Uganda Limited
* Bank of Africa Uganda Limited
* Bank of Baroda Uganda Limited
* Bank of India (Uganda)
* DFCU Group
* Cairo Bank Uganda
* Centenary Bank
* Citibank
* DFCU Bank
* Diamond Trust Bank
* Ecobank
* Equity Bank
* Exim Bank (Uganda)
* Finance Trust Bank
* Guaranty Trust Bank
* Housing Finance Bank
* I&M Bank Uganda
* KCB Bank Uganda Limited
* NCBA Bank Uganda
* Opportunity Bank Uganda Limited
* PostBank Uganda
* Salaam Bank Uganda
* Stanbic Bank Uganda Limited
* Standard Chartered Uganda
* Tropical Bank
* United Bank for Africa
* East African Development Bank
* Uganda Development Bank
* Pride Microfinance Limited
* FINCA Uganda Limited
* UGAFODE Microfinance Limited
* Exodus Sacco
* Yako Bank Uganda Limited
* Letshego Microfinance Uganda

Industry|

* Aya Group
* Quality Chemical Industries Limited
* FI Holdings–House of Dawda Group
* Mukwano Group
* Kiira Motors Corporation
* Sarrai Group

Media|

* Daily Monitor
* New Vision
* New Vision Group
* The Independent (Uganda)
* The Observer (Uganda)

Information technology|

* Airtel Uganda
* K2 Telecom
* MTN Uganda
* Uganda Communications Commission
* Uganda Telecommunications Corporation Limited
* Vodafone Uganda

Economy|

* Dott Services
* National Housing and Construction Company
* Tirupati Development Uganda Limited
* Insurance Regulatory Authority of Uganda
* National Food and Drug Authority
* National Planning Authority
* National Identification and Registration Authority
* National Social Security Fund
* National Water and Sewerage Corporation
* Uganda Securities Exchange
* Uganda Investment Authority
* Ruparelia Group
* Kyagalanyi Coffee Limited
* Brookside Dairy Limited
* Jesa Farm Dairy Limited
* Uganda Retirement Benefits Regulatory Authority
* Uganda Land Commission
* Capital Markets Authority of Uganda
* Uganda Coffee Development Authority
* ROKO Construction Company
* Uganda Business Facilitation Centre

Transport|

* Uganda Air Cargo
* Uganda Airlines
* Kampala Airport
* Uganda National Roads Authority
* Entebbe–Kampala Expressway
* Kampala–Jinja Expressway
* Kampala–Jinja Highway
* Kampala–Entebbe Road
* Kampala–Gayaza Road
* Kampala–Bombo Expressway
* Kampala–Busunju Expressway
* Kampala–Mpigi Expressway
* Kampala–Masaka Road
* Kampala–Mityana Road
* Kampala–Hoima Road
* Kampala Northern Bypass Highway
* Kampala Southern Bypass Highway
* Kampala Outer Beltway
* Tondeka Metro Bus Service

Energy|

* Umeme
* Electricity Regulatory Authority
* Uganda National Oil Company
* Uganda Refinery Holding Company
* Uganda National Pipeline Company
* Petroleum Authority of Uganda
* Uganda Electricity Generation Company Limited
* Uganda Electricity Transmission Company Limited
* Uganda Energy Credit Capitalisation Company

Notable
landmarks|

* Afrexim Bank House, Kampala
* Bulange
* Christ the King Catholic Church
* Uganda Parliament Buildings
* Kampala Capital City Authority Complex
* DFCU House
* Kampala Protea Hotel
* Kampala Hilton Garden Inn
* Kampala Hilton Hotel
* Kampala Serena Hotel
* Kampala Sheraton Hotel
* Imperial Hotels Group
* Imperial Royale Hotel
* Grand Imperial Hotel
* Janani Luwum Church House
* Kampala Kingdom Hotel
* Kampala Speke Hotel
* Mapeera House
* Movement House
* Munyonyo Commonwealth Resort
* Thobani Centre
* Speke Resort and Conference Center
* East African Development Bank Building
* Bank of Uganda Building Complex
* Mengo Palace
* Kabaka's Place Banda
* Namirembe Cathedral
* Rubaga Cathedral
* Makerere University Main Campus
* National Water and Sewerage Corporation Headquarters Building
* Kampala Tower
* Hotel Africana
* Kibuli Mosque
* Old Kampala Mosque
* Uganda Inspectorate of Government Towers
* Uganda Ministry of Education Complex
* Uganda Museum
* Uganda National Cultural Centre
* Uganda National Records Centre and Archives
* Kasubi Tombs
* DFCU House
* Pension Towers
* JLOS House Project
* Roman Catholic Archdiocese of Kampala

Education|

* Aga Khan University, Kampala
* Cavendish University Uganda
* Clarke International University
* Habib Medical School
* Institute of Petroleum Studies Kampala
* International Health Sciences University
* International University of East Africa
* ISBAT University
* Kampala International School
* Kampala University
* Kibuli Secondary School
* Kitante Hill Secondary School
* Kololo Senior Secondary School
* Kyambogo University
* Law Development Centre
* Makerere College School
* Makerere University
* Makerere University Business School
* Mengo Senior School
* Nabisunsa Girls' Secondary School
* Nakawa Vocational Training Institute
* Nexus International University
* Rubaga Community School
* Stafford University Uganda
* St. Augustine International University
* St. Lawrence University
* Uganda Christian University School of Medicine
* Team University
* Uganda Industrial Research Institute
* Uganda Management Institute
* Uganda Martyrs University School of Medicine
* Uganda National Entrepreneurship Development Institute
* Uganda Technology and Management University
* Victoria University Uganda
* Uganda National Council for Higher Education

Health|

* Aga Khan University Hospital, Kampala
* Butabika Hospital
* Case Medical Centre
* International Hospital Kampala
* Kadic Hospital
* Kampala Hospital
* Kampala Medical Chambers Hospital
* Kawempe General Hospital
* Kibuli Hospital
* Kiruddu General Hospital
* Lubaga Hospital
* Makerere University Hospital
* Mbuya Military Hospital
* Mengo Hospital
* Mulago Hospital
* Mulago Women's Referral Hospital
* Murchison Bay Hospital
* Upper Mulago Regional Referral Hospital
* Nakasero Hospital
* Naguru General Hospital
* Nsambya Hospital
* Paragon Hospital
* Uganda Cancer Institute
* Uganda Heart Institute
* Uganda Medical and Dental Practitioners Council
* Women's Hospital International and Fertility Centre
* Galilee Community General Jewish Hospital of Uganda
* International Medical Group
* Uganda Joint Medical Store

Legal|

* A.F. Mpanga Advocates
* ENSafrica
* Kampala Associated Advocates
* Kasirye Byaruhanga and Company Advocates
* Kateera & Kagumire Advocates
* Katende Ssempebwa & Company Advocates
* Kigozi Ssempala Mukasa Obonyo Advocates
* Ligomarc Advocates
* Sebalu & Lule Advocates

Environment|

* National Environment Management Authority of Uganda

Notable people|

* Apolo Nsibambi
* Nasser Sebaggala
* David Serwadda
* Fred Ruhindi
* John Ssebaana Kizito
* Bulaimu Muwanga Kibirige
* Erias Lukwago
* Ian Clarke
* Jennifer Musisi
* Josephine Nambooze
* Maria Kiwanuka
* Laurence Sematimba
* Joseph Kizito
* Justinian Tamusuza
* Robert Ssejjemba
* Eugene Sseppuya
* Phillip Ssozi
* Sudhir Ruparelia
* Wasswa Serwanga
* Yusef Sozi
* Margaret Zziwa
* Beti Kamya-Turwomwe
* Moses Matovu
* Mohammed Hamid
* Hasmukh Dawda

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