Bank of Baroda Uganda Limited

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.

Overview

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).

History

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. 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.

Subsidiaries

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.

Ownership

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

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

Branch network

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

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
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

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

References

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.

1. List of banks in Uganda
2. Equity Bank Uganda Limited
3. Stanbic Bank Uganda Limited
4. Absa Bank Uganda Limited
5. United Bank for Africa Uganda Limited
6. Bank of Uganda
7. National Social Security Fund (Uganda)
8. Bank of Africa Uganda Limited
9. Yako Bank Uganda Limited
10. Centenary Bank
11. EFC Uganda Limited
12. Airtel Uganda
13. Bank of Baroda Tanzania Limited
14. KCB Bank Uganda Limited
15. FINCA Uganda Limited
16. DFCU Bank
17. Opportunity Bank Uganda Limited
18. Cairo Bank Uganda
19. UGAFODE Microfinance Limited
20. NCBA Bank Uganda