Opportunity Bank Uganda Limited (OBUL), is a credit institution (Tier II Financial Institution) in Uganda. In November 2011, the institution rebranded as Opportunity Bank Uganda.
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Location
OBUL's headquarters are located at 7A Babiiha Avenue on Kololo Hill, a business and residential neighborhood within the city of Kampala, Uganda's capital. The coordinates of the headquarters are 0°20'09.0"N, 32°35'15.0"E (Latitude:0.335845; Longitude:32.587500).
Overview
Opportunity Bank Uganda Limited is a Tier II Financial Institution (MFI), licensed by the Bank of Uganda, the central bank and national banking regulator. As a credit institution, it is not authorized to offer checking accounts or deal in foreign exchange. The company is authorized to take in customer deposits and to establish savings accounts. It is also authorized make collateralized and non-collateralized loans to savings and non savings customers. The company is a wholly owned subsidiary of Opportunity International and is a member of their network. They specialize in lending to the poorest of the working poor. As of December 2015, the institution's total assets were valued at US$20.53 million, with shareholder's equity of US$7.86 million.
History
This microfinance institution was licensed in 1995 and began operations in 1996 as FAULU Uganda, a programme of Food for the Hungry International, a non-governmental organization. In July 1999, FAULU Uganda incorporated as a limited liability company in Uganda, becoming FAULU Uganda Limited. Under that name, the company became part of the FAULU network in Uganda and Kenya.
In 2006, Opportunity Transformation Investments and Opportunity International Australia each purchased a 31.5 percent stake in FAULU Uganda Limited, giving Opportunity International a combined majority stake of 63 percent in the fourth largest microfinance institution in Uganda. In December 2009, Opportunity bought the remaining shares of FAULU Uganda, thereby taking outright ownership of the company. The financial institution was renamed Opportunity Uganda Limited. In November 2011, the institution rebranded to OBUL.
Ownership
The company is owned by five different entities, as of October 2016.
Branch network
The branch network of OBUL has included the following locations:
- Kira Road Branch - 80 Kira Road, Kamwookya
- City Center Branch - 14 Kampala Road, Kampala
- Kawempe Branch - 494 Block 204, Goshen House, Kawempe
- Nateete Branch - 715 Masaka Road, Nateete
- Owino Branch - Ovino Shopping Complex, 22 Kisenyi Road, Kampala
- Gayaza Branch - Gayaza-Kampala Road, Gayaza
- Nansana Branch - Hoima Road, Nansana
- Jinja Branch - 9 Skindia Road, Jinja
- Iganga Branch - 88 Main Street, Iganga
- Mbarara Branch - 90 Highway Street, Mbarara
- Masaka Branch - Edward Avenue, Masaka
- Kalagi Branch - Mukono-Kayunga Road, Kalagi
- Mubende Branch - 103 Lubanga Road, Mubende
- Head Office - 7A Acacia Avenue, Kololo, Kampala
- Mayuge Branch - Mayuge
- Mbale Branch - Mbale
- Kyenjojo Branch - Kyenjojo
- Hoima Branch - Hoima
- Mukono Branch - Mukono
- Soroti Branch - Soroti
- Mityana Branch - Mityana
See also
- Banking in Uganda
- List of banks in Africa
- List of banks in Uganda
References
External links
- Total Loan Portfolio US$13.8 Million In March 2014