services founded 1993 headquarters kampala uganda key people michael cook chairman julius kakeeto managing director 1 products banking revenue aftertax us 2.4 million ugx 8 billion 2014 total assets us 144 million ugx 480.9 billion 2014 website homepage orient bank is a commercial bank in uganda and licensed by the bank of uganda bou the central bank and national banking regulator . 2 contents 1 overview 2 history 3 ownership 4 governance 5 branch network 6 see also 7 references 8 external links overview edit the bank is involved in all aspects of commercial banking with emphasis on providing banking services to non government organisations and their staffs . as of december 2014 the bank s assets of us 173 million were the thirteenth largest in uganda . the bank s customer deposits were about us 139 million . 3 history edit the bank was founded in 1993 by a group of businesspeople who were related by blood and marriage . 4 in 1996 the bank opened its second branch in the city of jinja about one hour s drive east of the capital kampala . in 2002 the bank acquired trans africa bank limited which had been declared insolvent by the bou . 5 following a spate of ugandan bank failures in the 1990s and early 2000s the banking laws in uganda were changed to bar family members from jointly owning more than 49 percent in the same financial institution . orient bank was given a grace period to find a suitable investor . 6 in april 2009 bank phb group a nigerian financial services group acquired 80 percent shareholding in orient bank for a cash payment of us 63.2 million . in august 2011 the group was itself declared insolvent by the central bank of nigeria and its assets and some liabilities were acquired by keystone bank limited which was owned by the federal government of nigeria . 7 in july 2014 international media reported that keystone bank planned to divest from orient bank . 8 in february 2015 keystone bank divested from orient bank by selling 42 percent shareholding to a private equity firm 8 miles fund whose shareholders include celebrity entertainer and activist bob geldof and the remaining 38 percent was sold to three individuals namely ketan morjaria one of the founders of the bank alemayehu fisseha and zhong shuang quan . 9 ownership edit the shareholding of the bank is depicted in the table below 10 11 12 orient bank stock ownership rank name of owner percentage ownership 1 ketan mojaria 49.0 3 2 8 miles fund 42.0 3 alemayehu fisseha 4.5 4 zhong shuang quan 4.5 total 100.0 governance edit the bank is governed by a seven person board of directors two of whom are executive directors and the other five are non executive . michael cook one of the non executive directors is the chairman . julius kakeeto is the managing director and chief executive officer . 13 branch network edit as of march 2015 update the bank had a network of branches in the central eastern and northern parts of uganda . the bank has future plans to expand services to the western parts of uganda . the branches of the bank included the following locations arranged alphabetically 14 acacia mall branch acacia shopping mall kololo kampala . arua branch 12 avenue road arua bweyale branch bweyale kiryandongo district entebbe airport branch entebbe international airport entebbe downtown branch 29 kampala road entebbe garden city branch garden city mall kampala 15 gulu branch 15 lamho building awere road market square gulu jinja branch 1 1 busoga square jinja jinja branch 2 8 scindia road jinja kabalagala branch kabalagala kampala 16 katwe branch muganzirwazza shopping mall muteesa i road katwe kampala 17 kawempe branch bombo road kawempe kampala kikuubo branch kikuubo kampala kisekka branch kisekka market kyaggwe road kampala kololo branch nyonyi gardens 16 17 wampeewo avenue kololo kampala main branch orient plaza 6 6a kampala road kampala makerere branch ham plaza makerere hill road makerere kampala mbale branch 23 naboa road mbale nkrumah road branch nkrumah road kampala ntinda branch capital shoppers mall ntinda road ntinda william street branch william street kampala see also edit banking in uganda ugandan commercial banks credit bank references edit okoth cecilia 26 september 2014 . vision group orient bank to save mothers . new vision kampala . retrieved 27 december 2014 . bou june 2015 . list of licensed commercial banks as at june 2015 pdf . kampala bank of uganda bou . retrieved 18 december 2015 . a b special correspondent . 7 march 2015 . nigeria s keystone bank sells stake in orient exits uganda . the eastafrican nairobi . retrieved 7 march 2015 . wakabi michael 6 december 2010 . orient bank shareholders take ura to court . the eastafrican . retrieved 1 may 2014 . the history of orient bank . orient bank . retrieved 1 may 2014 . juuko sylvia 23 april 2009 . orient bank changing shareholders . new vision kampala . retrieved 7 march 2015 . kingsley ighomwenghian lucy eazee 5 august 2011 . nigeria cbn revokes afribank bank phb spring bank licences . daily independent lagos . retrieved 1 may 2014 . onu emele 24 july 2014 . nigeria s keystone bank to sell units in three african countries . bloomberg news . retrieved 27 december 2014 . mwesigwa alon 4 march 2015 . orient bank finds saviour in popular rock musician . the observer uganda . retrieved 9 may 2015 . muhumuza mark keith 26 february 2015 . orient bank sold to private equity firm . daily monitor kampala . retrieved 26 february 2015 . biryabarema elias 24 february 2015 . bob geldof s 8 miles fund buys stake in ugandan bank . reuters . retrieved 9 may 2015 . muhumuza mark keith 27 february 2015 . orient bank founders bounce back to revive institution . daily monitor kampala . retrieved 9 may 2015 . eabw reporter 27 april 2014 . new orient bank boss confident . kampala east african business week via allafrica.com . retrieved 1 may 2014 . list of branches of orient bank . orient bank . retrieved 6 june 2014 . newvision archive 25 april 2010 . orient opens garden city branch . new vision . retrieved 1 may 2014 . orient starts e tax service as kabalagala branch opens . new vision . 6 june 2010 . retrieved 1 may 2014 . muganzirwazza commercial plaza . construction review online . retrieved 1 may 2014 . external links edit company profile at bloomberg businessweek orient bank website interview with ketan morjaria vice chairman orient bank done in october 2009 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 orient bank & oldid 732245109 categories banks of ugandabanks established in 1993companies of ugandacompanies established in 1993economy of ugandakampala district1993 establishments in ugandahidden categories articles containing potentially dated statements from march 2015all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction 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