Orient Bank Limited
|Company Name:||Orient Bank Limited|
In February 2015, 8 Miles acquired a 42% stake in Orient Bank Limited Uganda alongside a consortium principally comprised of the founders of the bank, who have increased their shareholding in the bank to 58 per cent. Shares were purchased from Keystone Bank, a state-owned Nigerian bank.
Orient Bank Limited was founded in 1993 and provides banking, stockbroking and other related financial services to retail, corporate and SME customers in Uganda through a network of 23 branches in commercial centres across the country. Orient Bank employs approximately 350 people and currently has assets of around US$ 173m.