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Citibank Uganda

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Citibank Uganda Limited
Company typeSubsidiary of Citigroup
IndustryFinancial services
FoundedJanuary 1, 1999; 25 years ago (1999-01-01)
HeadquartersNakasero, Kampala, Uganda
Key people
Sarah Arapta: CEO[1]
ProductsLoans, transaction accounts, savings, investments, debit cards
Total assetsUGX:990 billion (US$262 million) (2019)[2]
UGX:913 billion (US$242 million) (2018)[2]
Number of employees
40+ (2010)
ParentCitigroup
WebsiteHomepage

Citibank Uganda, is a commercial bank in Uganda operating as a wholly owned subsidiary of New York–based Citigroup. It is one of the regulated banking institutions licensed by the Bank of Uganda, the national banking regulator.[3]

Overview

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The bank is a medium-sized international bank that focuses on meeting the banking needs of large corporate customers as well as of those individuals with high net worth.[4] As of December 2019, the bank's total asset valuation was approximately USh990 (US$262 million).[2] As of 31 December 2015, shareholders' equity was about USh:155 billion (US$63.5 million).[5]

The bank is an active participant in the promotion of financial literacy in Uganda, especially in the country's schools.[6][7][8]

See also

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References

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  1. ^ Denis Edema (25 May 2017). "Access to finance hinders young entrepreneurs - Citibank chief". Daily Monitor Mobile. Kampala. Retrieved 12 July 2019.
  2. ^ a b c Ashita Chopra (30 April 2020). "Banks Post Mixed Results". Daily Monitor. Kampala. Retrieved 30 April 2020.
  3. ^ BOU (21 July 2016). "List of Licensed Commercial Banks As At March 2016" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 12 October 2016. Retrieved 21 July 2016.
  4. ^ Our Reporter. "Rugunda tells Citibank to invest in Uganda". Kampala: The Insider Uganda. Archived from the original on 2016-08-15. Retrieved 2016-07-21.
  5. ^ Nalubega, Flavia (8 June 2012). "Multinational Banks Urged On Serving SMEs". Daily Monitor. Retrieved 1 May 2014.
  6. ^ Ismail Musa, Ladu (11 February 2011). "Citibank Partners In NIE Project". Daily Monitor Mobile. Retrieved 1 May 2014.
  7. ^ Tendo, Steven (18 September 2009). "Uganda: Citibank Donates Reading Materials". Daily Monitor via AllAfrica.com. Kampala. Retrieved 21 July 2016.
  8. ^ EABW Reporter (12 December 2015). "Uganda: Citibank Trains 500 Youths in Entrepreneurship". East African Business Week via AllAfrica.com. Kampala. Retrieved 21 July 2016.
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