I&M Bank Uganda on October 6th organised a blood donation drive at their head offices in Kampala. The drive, which is part of the Bank’s Customer Service Week 2022 celebration activities, saw over one hundred volunteers donate blood. The Customer Service Week (CS Week), is an international week-long event celebrated annually during the first week of October, when customer-oriented organizations and institutions around the world recognize the importance of customer service excellence. The drive which was organised in partnership with the Uganda Blood Transfusion Services, was part of I&M Bank’s efforts to give back to the community, and to re-emphasize…
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I&M Bank Uganda has held a study tour for Mbarara University students as it ramps up the education and skills development component of its corporate social responsibility programme. In a bid to mentor and offer practical skills to tomorrow’s business leaders, the bank hosted final year students that major in marketing and procurement at its headquarters in Kampala, where students were taken through curated course briefs in marketing and procurement, pointing them to practical and technical aspects that make a successful brand. During the programme, I&M Bank Uganda’s Managing Director and Chief Executive Officer, Kumaran Pather briefed the team about…
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August 15th is etched in the books of history as the glorious day that India attained Independence. As the Asian nation ushered in its 75th Independence Day, I&M Bank Uganda joined the Lohana community of Kampala and Indian Association Uganda in the momentous celebrations to commemorate the day that were held on Saturday, August 13, at Speke Resort Munyonyo. I&M Bank Uganda started operations in Uganda in November 2021 following the acquisition and rebrand of Orient Bank. The bank boasts of a large number of loyal Indian customers across different segments like Corporate, SME and High Net Worth Individuals among…
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Members of the Uganda Bankers’ Association (UBA) held their Annual General Meeting on the 13th of May 2022 and elected Sarah Arapta, as the new Chairperson of the association’s Executive Committee. Arapta, the Chief Executive Officer of Citibank Uganda, takes over from Mathias Katamba, the Managing Director of dfcu Bank, whose two-year term (2020 and 2021) has elapsed. Arapta has been Katamba’s deputy on the outgoing committee which also included Varghese Thambi, the Chief Executive Officer of Diamond Trust Bank as the treasurer as well as Sam Ntulume the Executive Director, of I&M Bank Uganda as the Auditor. Albert Saltson,…
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On 8th November 2021, Orient Bank rebranded to I&M Bank Uganda following the completion of the acquisition of 90 per cent shareholding of the Orient Bank by I&M Group Plc. I&M Bank Uganda builds on a foundation and legacy of trust acquired over the last 28 years and most importantly now taps into I&M Group Plc’s 48-year legacy that has seen the group rise to over USD3.6 billion (UGX12.5 trillion) in assets as of December 2021. I&M Group currently operates in 5 countries- Kenya, Tanzania, Rwanda, Uganda and Mauritius as Bank One- a joint venture between I&M Group Plc and…
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Orient Bank’s 28-year legacy meets I&M Group’s 48-year regional experience and financial strength I&M Bank Uganda builds on 28 years’ uninterrupted legacy of Orient Bank based on trust and personalized banking. This legacy fuses into I&M Group Plc’s 48-year legacy that has seen the group rise to over USD3.6 billion (UGX12.5 trillion) in assets as of 31st December 2021. I&M Group Plc is listed on the Nairobi Securities Exchange (NSE) and has subsidiaries in five countries- Kenya, Tanzania, Rwanda, Mauritius and now Uganda. The group aspires to be ‘Eastern Africa’s Leading Financial Partner for Growth’. Therefore, I&M Bank Uganda is…
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Sam Ntulume has been appointed as the new Executive Director and Chief Operations Officer at I&M Bank Uganda. Sam has a working career span of 28 years in various sectors of the economy with 16 years of these being in the Financial Services Industry. He brings a wealth of experience in Executive Leadership, Corporate Governance, Strategy & Innovation, Business Development, Mergers & Acquisition, Risk Management & Control, Compliance, Financial Management, Corporate Reporting, Operations & Information Technology and Transformation at the Senior Management and Board level, having worked for both international and local institutions within and outside Uganda. Ntulume has held…
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Anthony Ndegwa, the current Managing Director of CBA Bank Uganda, has been designated the new Managing Director of NCBA Bank Uganda Ltd- a new entity resulting out of a merger between CBA Bank Uganda and NC Bank Uganda. CEO East Africa can also exclusively reveal that Sam Ntulume NC Bank Uganda’s current Managing Director as well as Mark Muyobo, the NC Bank Uganda’s current Executive Director, have been designated Executive Directors of the now bigger bank with assets in excess of UGX548 billion as at March 2020. The merged entity will command about 2% of the market share and will…
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank of Uganda’s Financial Stability Report, June 2019. According to the report, as at end June 2019, the banking sector, continued to flourish with commercial banks accounting for 95.2 percent (UGX30.3 trillion) of the banking sector’s total assets of UGX.31.8 trillion. This was followed by the Microfinance Deposit-taking Institutions (MDIs)…
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