2011-05-13

Citibank Uganda

Citibank Uganda

Citibank Uganda Limited
Type Subsidiary of Citigroup
Industry Financial Services
Founded 1999
Headquarters 4 Ternan Avenue
Nakasero, Kampala, Uganda
Key people Chinedu Ikwudinma
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue increase Aftertax: US$11.2 million (UGX:26.2 billion) (2010)
Total assets US$282 million (UGX:661.8 billion) (2010)
Employees 40+ (2010)
Website Homepage

Citibank Uganda Limited (CUL), also referred to as Citibank Uganda, is a commercial bank in Uganda. It is one of the regulated banking institutions licensed by the Bank of Uganda, the national banking regulator.

Overwiew

The bank is a medium-sized International bank that focuses on meeting the banking needs of large corporate customersas as well as those of individuals with high networth. As of December 2010, the bank's total asset valuation was approximately US$282 million (661.8 billion). At that time, shareholder's capital was estimated at about US$65 million (UGX:152.9 billion).. The bank is a 100% subsidiary of Citicorp of New York, which in turn is a subsidiary of Citigroup, an International financial services organization, that maintains its headquarters in the United States of America, and whose shares are quoted on the New York Stock Exchange and on the Tokyo Stock Exchange.

History

Citibank Uganda Limited was established in 1999 and began commercial banking activities following the issuance of a banking licence by the Bank of Uganda, the national Central Bank and banking regulalor in the country. In December 2009, Cutibank Uganda Celebtrated 10 Years in business, having grown shareholders capital from UGX:5.2 billion (about US$2.6 million) in 1999 to UGX:102 billion (about US$51 million) in 2009.

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Retrieved from : http://en.wikipedia.org/wiki/Citibank_Uganda
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