- Orient Bank
-
Orient Bank Type Private Industry Financial Services Founded 1993 Headquarters Kampala, Uganda Key people Michael Cook, Chairman
Maxwell Ibeanusi, Managing DirectorProducts Banking Revenue Pretax:US$5.3 million (2009)
Total assets US$132 million (2009)[1] Website Homepage Orient Bank is a commercial bank in Uganda. It is one of the twenty-two (22) commercial banks licensed by Bank of Uganda, the national banking regulator.[2]
Contents
Overview
The bank is involved in all aspects of commercial banking with emphasis on provision of banking services to non-government organisations (NGOs) and their staffs. As of December 2010[update], Orient Bank is the 9th largest commercial bank in Uganda, with an estimated asset valuation of US$132 million, representing approximately 3% of all bank assets in the country.[3]
Ownership
In April 2009, Bank PHB Group, a Nigerian financial services conglomerate, acquired 80% shareholding in Orient Bank for a reported sum of US$63.3 million.The other shareholders in the bank include members of the family that founded the bank in 1993, who today, jointly control 17% of shareholding in the bank. [4][5] The shareholding in Orient Bank is depicted in the table below:
Orient Bank Stock Ownership Rank Name of Owner Percentage Ownership 1 Bank PHB Group 80.0 2 Ketan Morjaria 3 Rajni Karia 4 Jay Karia 5 Others 03.00 Total 100.0 Directors
Orient Bank is governed by a seven (7) person Board of Directors of whom two (2) are Executive Directors and five (5) are non-Executive. Michael Cook, one of the non-Executive Directors, is the Chairman.
Management team
Maxwell Ibeanusi is the Managing Director. He has nineteen (19) other managers who assist him in running the bank.
Branch Network
As of June 2010, Orient Bank has a network of twelve (12) branches in the central, eastern and northern parts of Uganda. The bank has plans to expand services to the western parts of Uganda in the future. The branches of the bank include the following locations: [6]
- Head Office - Orient Plaza, Kampala
- Kampala Road Branch - Kampala Road, Kampala
- Jinja Branch - Busoga Square, Jinja
- Nkrumah Road Branch - Nkrumah Road, Kampala
- William Street Branch - William Street, Kampala
- Entebbe Downtown Branch - Kampala Road, Entebbe
- Entebbe Airport Branch - Entebbe International Airport
- Kawempe Branch - Bombo Road, Kawempe, Kampala
- Mbale Branch - Naboa Road, Mbale
- Gulu Branch - Awere Road, Gulu
- Garden City Branch - Garden City Mall, Kampala[7]
- Kabalagala Branch - Kabalagala, Kampala[8]
See also
- Banking in Uganda
- List of banks in Uganda
- Bank PHB Group
References
- ^ Orient Bank Total Assets 2009
- ^ List of Licensed Commercial Banks In Uganda
- ^ Uganda Banks' Ranking of Asset Capital
- ^ Bank PHB buys 80% of Orient Bank
- ^ Orient Bank Shareholders Take URA To Court
- ^ Branches of Orient Bank
- ^ Orient Opens Branch At Garden City
- ^ Orient Bank Opens Branch in Kabalagala
External links
- Bank PHB buys 80% of Orient Bank
- Orient Bank Website
- List of Commercial Banks in Uganda
- Shareholders in Orient Bank
Kampala District Capital: Kampala Divisions Neighborhoods 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 · Mutundwe · Muyenga · Naakulabye · Naguru · Najjanankumbi · Nakasero · Nakawa · Namirembe · Namungoona · Namuwongo · Nateete · Ndeeba · Nsambya · Ntinda · Old Kampala · Port Bell · Wandegeya Economy Air Uganda · Aya Group · Quality Chemical Industries Limited · Mukwano Group · Ruparelia Group · Bank of Uganda · ABC Capital Bank · Bank of Africa · Bank of Baroda · Barclays Bank · DFCU Group · Cairo International Bank · Centenary Bank · Citibank · Crane Bank · DFCU Bank · Diamond Trust Bank · Ecobank · Equity Bank · Fina Bank · Global Trust Bank · Housing Finance Bank · Imperial Bank Uganda · Kenya Commercial Bank · National Bank of Commerce · Orient Bank · PostBank Uganda · Stanbic Bank · Standard Chartered Bank · Tropical Bank · United Bank for Africa · East African Development Bank · Uganda Development Bank · National Housing and Construction Company · Uganda Air Cargo · International Medical Group · National Social Security Fund · Umeme · Uganda Securities Exchange · Uganda Investment Authority · Capital Markets Authority · The Monitor · New Vision · New Vision Group · Uganda Telecom · Mercantile Credit Bank · Pride Microfinance Limited · Uganda Finance Trust Limited · Opportunity Uganda Limited · Kyagalanyi Coffee Limited · FINCA Uganda Limited · UGAFODE Microfinance LimitedNotable
landmarksBulange · Uganda Parliament Buildings · Butabika National Referral Hospital · Mulago Hospital Complex · Nsambya Hospital · Rubaga Hospital · Mengo Hospital · International Hospital Kampala · Kibuli Hospital · Kampala Capital City Authority Complex · Kampala Serena Hotel · Hotel Africana · Kampala Sheraton Hotel · Imperial Hotels Group · Imperial Royale Hotel · Grand Imperial Hotel · Hotel Equatoria · Kampala Hilton Hotel · Kampala Intercontinental Hotel · Kampala Speke Hotel · East African Development Bank Building · Bank of Uganda Building Complex · Mengo Palace · St. Paul's Cathedral Namirembe · St. Mary's Cathedral Lubaga · Makerere University Main Campus · Kibuli Mosque · Old Kampala Mosque · Kampala Airport · Uganda Museum · Uganda National Cultural Centre · Kampala Northern Bypass Highway · Kampala-Jinja Highway · Kasubi Tombs · Roman Catholic Archdiocese of KampalaEducation Makerere University · Makerere University Business School · Kampala International University · Kampala University · Kyambogo University · Law Development Centre · International Health Sciences University · International University of East Africa · Makerere College School · Rubaga Community School · Saint Lawrence University · Uganda Management Institute · Victoria University UgandaNotable people Apolo Nsibambi · Nasser Ntege Sebaggala · David Serwadda · Fred Ruhindi · John Ssebaana Kizito · Bulaimu Muwanga Kibirige · Erias Lukwago · Dr. Ian Clarke · Jennifer Musisi · Maria Kiwanuka · Laurence Sematimba · Joseph Kizito · Justinian Tamusuza · Robert Ssejjemba · Eugene Sseppuya · Phillip Ssozi · Wasswa Serwanga · Yusef Sozi · Derrick SebagalaCategories:- Banks of Uganda
- Companies of Uganda
- Kampala District
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