Orient Bank Limited
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Orient Bank Limited - overview
Established
1993
Location
Kampala, -, Uganda
Primary Industry
Financial Services
About
Orient Bank Limited is a banking institution providing a variety of financial solutions, including personal and business banking services, aimed at enhancing the economic well-being of its customers in Uganda. Founded in 1993 and headquartered in Kampala, Uganda, Orient Bank Limited specializes in delivering banking services. In July 2020, I&M Holdings Plc acquired a 90% majority stake in the bank from 8 Miles, completing the transaction in April 2021. The current CEO is Robin Bairstow, who has a background in banking and has previously held leadership roles in other financial institutions.
Orient Bank Limited offers a diverse range of innovative banking products and services tailored to meet the needs of individuals and businesses in Uganda. Their core offerings focus on personal banking, corporate banking, and microfinance solutions, enhancing operational efficiency and user experience across various sectors. Key applications include savings accounts, loans, and investment products, which have been instrumental since their launch. The bank primarily operates in Uganda, ensuring it meets local customer demands while fostering growth.
The company's revenue model relies on a combination of subscription-based services and direct transactions with both B2B and B2C clients. Clients engage in contracts for a specified period, typically involving a structured process for accessing banking services, including loans and savings products. Pricing plans are designed to cater to different customer segments, promoting affordability and accessibility while maintaining quality service, thereby generating consistent revenue streams. Orient Bank Limited has strategic plans for growth, including the development of new banking products set to launch in the near future.
The bank aims to expand its operations into neighboring markets by 2025, focusing on regions with high unmet banking needs. Recent funding from the acquisition by I&M Holdings Plc will be utilized to support these initiatives, enhancing product offerings and market reach.
Primary Industry
Financial Services
Sub Industries
Commercial Banks, e-Financial
Website
www.orient-bank.com
Verticals
FinTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Orient Bank Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Orient Bank Limited | - | ||||||||
| Buyout | Completed | Orient Bank Limited | - |
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