private industry financial services founded 1986 headquarters 8 old portbell road kampala uganda key people stephen nabeta chairman samuel kanakulya lubinga managing director products loans savings investments revenue aftertax us 68 750 ugx 174 million 2012 total assets us 9.9 million ugx 25 billion 2012 website homepage mercantile credit bank limited mcbl commonly referred to as mercantile credit bank is a ugandan tier ii financial institution . it one of the three tier ii financial institutions licensed by bank of uganda the national banking regulator . 1 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 photos and diagrams 7 see also 8 references 9 external links overview edit mcbl is registered a credit institution by the bank of uganda the country s central bank and national banking regulator . mcbl is one of only three institutions in this class of financial service providers in the country the others being opportunity bank uganda and postbank uganda . 2 3 in 2008 mcbl selected and installed neptune banking software to power its retail banking activities . 4 as of december 2011 update the bank s total assets were valued in excess of us 6.6 million ugx 16.5 billion with shareholders equity of approximately us 1.6 million ugx 4 billion . by december 2012 the total assets of mcbl were estimated at us 9.9 million ugx 25 billion . 5 history edit mcbl was established in 1986 as a subsidiary of general machinery limited gmach a business conglomerate involved in agricultural mechanization general construction water supply and distribution as well as supply of diesel generators . their businesses are located in uganda and other east african countries including kenya and south sudan . as a tier ii financial institution mcbl is allowed to establish customer savings and fixed deposit accounts . the company is prohibited from dealing in foreign currencies but is authorized to make collateralized and non collateralized loans to depositors and non depositors as well as engage in lease finance . the company is an agent of western union the international money transfer service based in the united states of america . 6 ownership edit mercantile credit bank is 100 % owned by general machinery limited gmach group . 7 branch network edit as of january 2014 update mcbl maintains its headquarters at 8 portbell road in kampala s central business district . the institution has no other branches at this time . governance edit the activities of mercantile credit bank are directed by the bank s board of directors . the current chairman of the six member board is stephen nabeta . the current managing director and chief executive officer is samuel kanakulya lubinga . photos and diagrams edit photograph of main branch at seyani.com see also edit banking in uganda list of banks in uganda references edit nicholas kalungi 24 november 2011 . opportunity uganda takes on new name . retrieved 20 april 2014 . supervised financial institutions credit institutions . bank of uganda . retrieved 20 april 2014 . mbanga jeff . kenyan banks assert presence in uganda . the african executive . retrieved 20 april 2014 . neptune software 31 december 2008 . mercantile credit bank uganda signs for neptune platform . finextra.com . retrieved 20 april 2014 . by editors 21 may 2013 . mixed fortunes for banks in 2012 . summit business review . retrieved 20 april 2014 . profile of mercantile credit bank . gmachgroup.com . retrieved 20 april 2014 . about general machinery limited . gmachgroup.com . retrieved 20 april 2014 . external links edit general machinery limited homepage nigerian bank buys cmf v t e kampala district capital kampala divisions kampala central division kawempe division lubaga division makindye division nakawa division neighborhoods banda bugoloobi bukoto busega butabika bwaise ggaba kabalagala kamwookya kansanga kaleerwe kanyanya kasubi katwe kawaala kawempe kibuli kibuye kigoowa kikaaya kisaasi kiwaatule kulambiro kololo kyambogo kyebando lubaga lungujja luzira makerere makindye mbuya mengo mpererwe mulago munyonyo muyenga naakulabye naguru najjanankumbi nakasero nakawa nakawa naguru estates namirembe namungoona namuwongo nateete ndeeba nsambya ntinda old kampala port bell wandegeya banking bank of uganda uganda deposit protection fund abc bank uganda barclays bank of uganda bank of africa uganda limited bank of baroda uganda limited bank of india uganda dfcu group cairo international bank centenary bank citibank commercial bank of africa crane bank dfcu bank diamond trust bank ecobank efc uganda limited equity bank exim bank uganda finance trust bank guaranty trust bank housing finance bank kcb bank uganda limited nc bank uganda orient bank postbank uganda stanbic bank uganda limited standard chartered uganda tropical bank united bank for africa east african development bank uganda development bank opportunity uganda limited pride microfinance limited efc uganda limited finca uganda limited ugafode microfinance limited exodus savings and credit cooperative society limited mercantile credit bank letshego microfinance uganda top finance bank uganda yako microfinance limited industry aya group cipla quality chemical industries limited fi holdings house of dawda group mukwano group kiira motors corporation media daily monitor new vision new vision group the independent uganda the observer uganda information technology africell uganda airtel uganda mtn uganda uganda communications commission uganda telecom vodafone uganda economy national housing and construction company tirupati development uganda limited insurance regulatory authority of uganda national food and drug authority national identification and registration authority national social security fund national water and sewerage corporation uganda securities exchange uganda investment authority ruparelia group kyagalanyi coffee limited brookside dairy limited jesa farm dairy limited uganda retirement benefits regulatory authority capital markets authority of uganda uganda coffee development authority roko construction transport air uganda uganda air cargo kampala airport uganda national roads authority entebbe kampala expressway kampala jinja expressway kampala jinja highway kampala entebbe road kampala gayaza road kampala bombo expressway kampala busunju expressway kampala mpigi expressway kampala masaka road kampala mityana road kampala hoima road kampala northern bypass highway kampala southern bypass highway energy umeme electricity regulatory authority uganda national oil company petroleum authority of uganda uganda electricity generation company limited uganda electricity transmission company limited uganda energy credit capitalisation company notable landmarks bulange uganda parliament buildings kampala capital city authority complex hotel africana kampala protea hotel kampala serena hotel kampala sheraton hotel imperial hotels group imperial royale hotel grand imperial hotel hotel equatoria kampala hilton hotel kampala intercontinental hotel kampala speke hotel mapeera house movement house munyonyo commonwealth resort speke resort and conference center church house east african development bank building bank of uganda building complex mengo palace banda kabaka s place namirembe cathedral rubaga cathedral makerere university main campus kampala tower kibuli mosque old kampala mosque uganda museum twed towers uganda national cultural centre kasubi tombs dfcu house pension towers jlos house project roman catholic archdiocese of kampala education aga khan university kampala cavendish university uganda habib medical school institute of petroleum studies kampala international health sciences university international university of east africa kampala international school kampala international university kampala university kibuli secondary school kitante hill secondary school kololo senior secondary school kyambogo university law development centre makerere college school makerere university makerere university business school mengo senior school nabisunsa girls secondary school rubaga community school st. augustine international university st. lawrence university uganda management institute uganda martyrs university school of medicine uganda national entrepreneurship development institute uganda technology and management university victoria university uganda uganda national council for higher education health aga khan university hospital kampala butabika hospital case medical centre international hospital kampala kadic hospital kampala hospital kampala medical chambers hospital kawempe general hospital kibuli hospital kiruddu general hospital lubaga hospital makerere university hospital mbuya military hospital mengo hospital mulago hospital mulago women s referral hospital murchison bay hospital upper mulago regional referral hospital nakasero hospital naguru general hospital nsambya hospital paragon hospital uganda cancer institute uganda heart institute uganda medical and dental practitioners council women s hospital international and fertility centre galilee community general jewish hospital of uganda international medical group notable people apolo nsibambi nasser sebaggala david serwadda fred ruhindi john ssebaana kizito bulaimu muwanga kibirige erias lukwago ian clarke jennifer musisi josephine nambooze maria kiwanuka laurence sematimba joseph kizito justinian tamusuza robert ssejjemba eugene sseppuya phillip ssozi sudhir ruparelia wasswa serwanga yusef sozi margaret zziwa beti kamya turwomwe moses matovu mohammed hamid hasmukh dawda retrieved from https en.wikipedia.org w index.php title mercantile credit bank & oldid 605920911 categories companies of ugandacompanies established in 1986kampala districthidden categories articles containing potentially dated statements from december 2011all articles containing potentially dated statementsarticles containing potentially dated statements from january 2014 navigation menu 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