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Centenary Bank is a commercial bank in Uganda.
[edit] OverviewThe 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] HistoryThe 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] OwnershipThe bank's stock is owned by the following corporate entities and individuals: [6]
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