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Centenary Bank
Type	Private
Founded	1983
Headquarters	Kampala, Uganda
Key people	John Ddumba Ssentamu, Chairman; Simon Kagugube, Managing Director
Industry	Financial Services
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	▲ US$10.2 million (2008)
Total assets	US$222 million (2008)
Employees	1,200+ (2009)
Website	http://www.centenarybank.co.ug/

Centenary Bank is a commercial bank in Uganda.

[edit] Overview

The bank is primarily involved in the promotion of development through loans to rural farmers, processors of agricultural produce, small manufacturers, small traders, importers and exporters. While engaged in all areas of commercial banking, Centenary Bank has a significant portion of its portfolio in the microfinance arena in an attempt to meet the needs of the many individuals and business entities with limited means that the bank serves. As of February 2009, Centenary Bank has over 700,000 deposit accounts with over 90,000 loan accounts.^[4]

[edit] History

The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT). In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank in 1993, after receiving a banking license from the Bank of Uganda. As of May 2009, Centenary Bank is the 6th largest commercial bank in Uganda, with an asset base estimated at US$222 million, representing approximately 6% of all bank assets in the country. Centenary Bank is the largest indigenous Ugandan bank.^[5]

[edit] Ownership

The bank's stock is owned by the following corporate entities and individuals: ^[6]

Centenary Bank Stock Ownership

Rank	Name of Owner	Percentage Ownership
1	Catholic Dioceses of Uganda	39
2	Uganda Catholic Secretariat	31
3	Stitching Hivos-Triodos Fonds	18
4	SIDI	11
5	Ugandan Individuals	1

Stitching Hivos-Triodos Fonds is a fully owned subsidiary of Triodos Bank, a Dutch Investment Bank.
SIDI is a French Investment Bank.

[edit] Branch Network

Centenary Bank has its headquarters in Kampala. As of December 2009, the bank is in the process of building permanent headquarters, Mapeera House, on Kampala Road opposite City Square. Centenary Bank has a network of thirty four (34) bank branches in central, western, northern and eastern Uganda. ^[7] The bank boasts of over 700,000 deposit customers and over 90,000 loan accounts. Centenary Bank has the third largest branch network in Uganda, behind Stanbic Bank (Uganda) Limited and Barclays Bank. The majority of the bank's branches are in rural areas. The branches of the bank include the following locations:

Arua Branch - Arua
Bugiri Branch - Bugiri
Fort Portal Branch - Fort Portal
Gulu Branch - Gulu
Hoima Branch - Hoima
Ibanda Branch - Ibanda
Ishaka Branch - Ishaka - Bushenyi
Jinja Branch - Jinja^[8]
Kabale Branch - Kabale
Amber House Branch - Amber House, Kampala
Entebbe Road Branch - Entebbe Road, Kampala
Kampala Road Branch - Mapeera House, Kampala (Under Construction)
Nakivubo Road Branch - Nakivubo Road, Kampala
Namirembe Road Branch - Namirembe Road, Kampala
Kasese Branch - Kasese
Kiboga Branch - Kiboga
Kitgum Branch - Kitgum
Kyenjojo Branch - Kyenjojo
Kyotera Branch - Kyotera
Lira Branch - Lira
Luweero Branch - Luweero
Masindi Branch - Masindi^[9]
Mbale Branch - Mbale
Mbarara Branch - Mbarara
Masaka Branch - Masaka
Mityana Branch - Mityana
Mukono Branch - Mukono
Nebbi Branch - Nebbi
Ntungamo Branch - Ntungamo^[10]
Rukungiri Branch - Rukungiri
Soroti Branch - Soroti
Tororo Branch - Tororo
Wakiso Branch - Wakiso
Wobulenzi Branch - Wobulenzi

[edit] Directors

Centenary Bank is governed by a twelve (12) person Board of Directors of whom two (2) are Executive Directors and ten (10) are non-Executive. The Chairman of the Board is Professor John Ddumba Ssentamu, one of the non-Executive Directors.

[edit] Management Board

The Managing Director of Centenary Bank is Simon Kagugube. He is assisted by nine (9) other managers in supervising the normal operations of the bank.

[edit] See also

[edit] External links

[edit] References

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[0] Kagugube Appointed MD at Centenary

[1] Centenary Bank Assets 2008

[2] Number of Centenary Bank Employees

[3] Centenary Bank Customer Base

[4] Centenary Bank is the Largest Indigenous Bank

[5] Shareholders in Centenary Bank

[6] Centenary Bank Branch Network

[7] Centenary to Open Jinja Branch

[8] Centenary Bank Opens Masindi Branch

[9] Centenary Opens Ntungamo Branch

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