Standard Chartered Bank Uganda Limited is an international Bank with a rich history spanning over 106 years of existence in the Ugandan market, having opened its doors on 12th August 1912, making it the longest established commercial bank in the country.

It currently has a total of 8 branches in Kampala and Jinja, 32 ATMs, 2 digital banking outlets located at Shell Ntinda and Shell Kaazi, 5 Cash Deposit Machines and a staff complement of over 530.

Their purpose as Standard Chartered Bank Uganda is “Driving commerce and prosperity through their unique diversity”.

Their brand promise, Here for good, captures the essence of who they are. It is about standing by their clients and demonstrating their involvement in local communities across Asia, Africa, the Middle East and around the world, and captures the changing sentiments of the future.

They have 3 business segments that offer core services and products;

1. Retail Banking

Their aspiration is to be the main digital Bank for their clients. They focus on integrating their clients' needs in everything they do by raising the bar on client experience, providing convenient and reliable channels as well as cutting edge products and solutions for their Personal Banking, Priority and International Banking, Employee Banking and Business Banking clients.

2. Commercial Banking

They offer their clients unique and differentiated product offerings that include working capital lines and trade solutions, cash management solutions plus a range of foreign exchange (FX) products. They service the banking needs of their Medium Enterprises and Local Corporate clients by focusing on the key growth sectors in the economy.

3. Global Banking

Global Banking offers their corporate clients a wide range of differentiated product and services such as trade, cash, lending, FX business and renmibi services among others. They give investment support to key sectors in the economy like oil and gas, infrastructure and energy. They are a reliable partner for Government to provide beneficial solutions and establish themselves as the main financing partner in the public sector.

Achievements / milestones

• They were recognised as the first bank in Uganda having started operations in 1912 and acted as the regulator.
• They were the first bank in Uganda to introduce the ATM system, VISA connectivity via their ATM network and to introduce the VISA Electron debit card.
• They were the first bank to be licensed to trade government securities as a primary dealer in Africa.
• They were the first bank to introduce service guarantee on turnaround time for their personal instalment loan products.
• They were the first bank to introduce 7 Days Banking at their Garden City branch. This has provided convenience and flexibility to their customers.
• Standard Chartered Bank Uganda was the first bank to offer interest and foreign exchange derivative products in Uganda in 2002. They are also very active and the market leader in the secondary securities market.

Socio - economic impact

According to an independent study on the social and economic impact of their operations in Uganda, Standard Chartered has added value to the economy, supported trade and employment as indicated below;

• Supported $896 million in value-added impact in Uganda (3.5% of GDP)
• Supported 491,000 Ugandan jobs (nearly 3.5% of all employed Ugandans)