Equity Bank Uganda Limited

Bank in Uganda

Equity Bank Uganda Limited

Equity Bank Uganda headquarters at The Church House, Kampala Road, Kampala, Uganda

Company type| Private
Industry| Financial services
Predecessor| Uganda Microfinance
Founded| 2008; 16 years ago (2008)
Headquarters| Janani Luwum Church House
34 Kampala Road, Kampala, Uganda[1]

Key people

| Mark Ocitti: Chairman
Anthony Kituuka: Managing Director[2]
Products| Loans, checking, savings, investments
Revenue| Beforetax: UGX:118.2 billion (US$30.7 million) (2021)
Total assets| UGX:2.9 trillion (US$745 million) (2021)

Number of employees

| 600+ (2018)
Parent| Equity Group Holdings Limited
Website| Homepage

Equity Bank Uganda Limited (EBUL), is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[3] EBUL is a subsidiary of Equity Group Holdings Limited, a financial service conglomerate with headquarters in Kenya and subsidiaries in six countries of the African Great Lakes Region.[4]

## Location[edit]

The bank maintains its headquarters and main branch in Janani Luwum Church House, at 34 Kampala Road, in the central business district of Kampala, Uganda's capital and largest city.[5] The geographical coordinates of the bank's headquarters are.[6]

## Overview[edit]

The bank provides banking services to individuals and to small and medium business enterprises. As of 31 December 2019, the bank's total assets were valued at UGX:1.63 trillion ($464.84 million).[7] By 30 June 2020, the bank's total assets had grown to UGX1.823 trillion ($520 million).[8] In December 2020, EBUL's total assets were valued at USh:2.069 trillion (US$590 million). At that time, it was the 7th largest commercial bank in Uganda by assets.[9]

As of December 2021, total assets were valued at UGX:2.9 trillion (approx. US$745 million), with customer deposits of UGX:2.3 trillion (approx. US$597 million) and a loan book of UGX:1.5 trillion (approx. US$389.3 million).[10]

At that time its share of customer deposits was estimated at 8 percent of national banking deposits. This made EBUL the fastest growing commercial bank in the country, having increased its market share of bank deposits in the country, from 1.75 percent in 2011. As of 2021, EBUL was the 6th largest bank in Uganda compared to 15th position it was in 2011.[11]

## History[edit]

Equity Bank Uganda Limited was created in 2008 when the Equity Group Holdings Limited purchased Uganda Microfinance Limited, a Tier II, Ugandan microfinance company for an all-share price of US$27 million.[12] Equity Bank (Uganda) launched under its new brand on 30 March 2009.[13]

## Ownership[edit]

Equity Bank Uganda Limited is a subsidiary of Equity Group Holdings Limited (EGHL). The Ugandan subsidiary owns 11,333,333 ordinary shares of the parent company based in Nairobi, Kenya. EGHL is a large Kenyan financial services conglomerate, with total assets of over Kshs 1.12 trillion (US$10.4 billion), as at July 2021. The stock of EGHL is also cross-listed on the Uganda Securities Exchange under the symbol EBL.[14][15]

Equity Bank Uganda Limited Stock Ownership  Rank | Name of Owner | Percentage Ownership

|
|

1 | Equity Group Holdings Limited | 98.8
2 | Others | 1.2
| Total | 100.00

## Branch network[edit]

Equity Bank Uganda Limited has its headquarters in Uganda's capital city, Kampala. As of July 2021[update], the bank maintained networked branches at the following locations:[16]

Equity Uganda Branch Network In 2021  No | Location | Number

|
|

1 | Kampala | 21
2 | Branches outside Kampala | 22
| Total | 43

With the opening of the bank branch in the town of Ntungamo in April 2023, the bank has 50 brick-and-mortar branches in the country, as of that date.[17]

## See also[edit]

* Banks portal

* List of banks in Uganda
* Banking in Uganda

## References[edit]

1. ^ New Vision (14 June 2018). "Church House handed over to Ntagali". New Vision. Kampala, Uganda. Retrieved 30 July 2018.
2. ^ Kenneth Kazibwe (21 November 2022). "Anthony Kituuka appointed new Equity Bank Uganda's MD". Nile Post Uganda. Kampala, Uganda. Retrieved 1 December 2022.
3. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Archived from the original (PDF) on 22 December 2015. Retrieved 18 December 2015.
4. ^ George Ngigi (1 April 2015). "Equity Bank readies Sh200bn for ten country expansion". Business Daily Africa. Nairobi, Kenya. Retrieved 9 November 2016.
5. ^ New Vision (14 June 2018). "Church House Handed Over To Ntagali". New Vision. Kampala, Uganda. Retrieved 14 September 2018.
6. ^ Google (14 September 2018). "Location of the Headquarters of Equity Bank Uganda Limited" (Map). Google Maps. Google. Retrieved 14 September 2018.
7. ^ Corporate Finance Institute (8 September 2021). "Overview of Banks in Uganda: The Top Banks in Uganda Include: Equity Bank". Corporate Finance Institute. Vancouver BC, Canada. Retrieved 8 September 2021.
8. ^ Martin Luther Oketch (30 November 2020). "Equity registers increase in deposits amid Covid-19". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
9. ^ Taddewo William Senyonyi (17 May 2021). "Exclusive: Uganda's Largest Banks By Assets Named, Total Industry Assets Hit Shs38 Trillion". Businessfocus.co.ug. Kampala, Uganda. Retrieved 8 September 2021.
10. ^ George Mangula (26 April 2022). "Equity Bank Uganda delivers impressive results in 2021". TheCooperator.news. Kampala, Uganda. Retrieved 10 August 2022.
11. ^ Daily Monitor (19 October 2022). "What is fueling the "fastest growing bank"?". Daily Monitor. Kampala, Uganda. Retrieved 19 October 2022.
12. ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014.
13. ^ Nicoline, van Slingelandt (7 April 2009). "FMO Client Equity Bank Kenya Launches Banking Operations In Uganda". FMO. Archived from the original on 26 April 2014. Retrieved 25 April 2014.
14. ^ Uganda Securities Exchange (8 September 2021). "Listed Securities: Equities". Uganda Securities Exchange. Kampala, Uganda. Retrieved 8 September 2021.
15. ^ Amon Muhumuza (1 January 2017). "How cross-listed firms wiped Shs4 trillion off stock market". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
16. ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Archived from the original on 26 April 2014. Retrieved 25 April 2014.
17. ^ Amon Katungulu (13 April 2023). "Equity Bank launches Equi-Mama for women in business as bank opens 50th branch". Nile Post Uganda. Kampala, Uganda. Retrieved 13 April 2023.

## External links[edit]

* Bank of Uganda Website
* Equity Bank (Uganda) Homepage
* Equity Bank bets big on Uganda subsidiary for profit growth As of 1 November 2017.

* v
* t
* e

Equity Group Holdings

Banking|

* EquityBCDC
* Equity Bank Kenya
* Equity Bank Rwanda
* Equity Bank South Sudan
* Equity Bank Tanzania
* Equity Bank Uganda

Financial services|

* Equity Consulting Group
* Equity Insurance Agency
* Equity Investment Bank
* Equitel

Foundation|

* Equity Group Foundation

Health|

* Equity Afia

Board of directors:|

* Ambassador Erastus J O Mwencha (Chairman)
* James Mwangi (Group MD and CEO)
* Mary Wamae - Executive Director
* Dr. Edward Odundo
* Evelyn Rutagwenda
* Vijay Gidoomal
* Dr. Helen Gichohi
* Jonas Mushosho
* Lydia Ndirangu

Employees: 8,959 (2019) - Stock Symbol: KN: EQTY \- Website: www.equitybankgroup.com

* 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)
* Absa Bank Uganda Limited
* Bank of Africa Uganda Limited
* Bank of Baroda Uganda Limited
* Bank of India (Uganda)
* DFCU Group
* Cairo Bank Uganda
* Centenary Bank
* Citibank
* DFCU Bank
* Diamond Trust Bank
* Ecobank
* Equity Bank
* Exim Bank (Uganda)
* Finance Trust Bank
* Guaranty Trust Bank
* Housing Finance Bank
* I&M Bank Uganda
* KCB Bank Uganda Limited
* NCBA Bank Uganda
* Opportunity Bank Uganda Limited
* PostBank Uganda
* Stanbic Bank Uganda Limited
* Standard Chartered Uganda
* Tropical Bank
* United Bank for Africa
* East African Development Bank
* Uganda Development Bank
* Pride Microfinance Limited
* EFC Uganda Limited
* FINCA Uganda Limited
* UGAFODE Microfinance Limited
* Exodus Sacco
* 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
* Sarrai Group

Media|

* Daily Monitor
* New Vision
* New Vision Group
* The Independent (Uganda)
* The Observer (Uganda)

Information Technology|

* Airtel Uganda
* K2 Telecom
* MTN Uganda
* Uganda Communications Commission
* Uganda Telecommunications Corporation Limited
* Vodafone Uganda

Economy|

* Dott Services
* National Housing and Construction Company
* Tirupati Development Uganda Limited
* Insurance Regulatory Authority of Uganda
* National Food and Drug Authority
* National Planning 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
* Uganda Land Commission
* Capital Markets Authority of Uganda
* Uganda Coffee Development Authority
* ROKO Construction Company
* Uganda Business Facilitation Centre

Transport|

* Uganda Air Cargo
* Uganda Airlines
* 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
* Kampala Outer Beltway
* Tondeka Metro Bus Service

Energy|

* Umeme
* Electricity Regulatory Authority
* Uganda National Oil Company
* Uganda Refinery Holding Company
* Uganda National Pipeline Company
* Petroleum Authority of Uganda
* Uganda Electricity Generation Company Limited
* Uganda Electricity Transmission Company Limited
* Uganda Energy Credit Capitalisation Company

Notable
landmarks|

* Afrexim Bank House, Kampala
* Bulange
* Christ the King Catholic Church
* Uganda Parliament Buildings
* Kampala Capital City Authority Complex
* DFCU House
* Kampala Protea Hotel
* Kampala Hilton Garden Inn
* Kampala Hilton Hotel
* Kampala Serena Hotel
* Kampala Sheraton Hotel
* Imperial Hotels Group
* Imperial Royale Hotel
* Grand Imperial Hotel
* Janani Luwum Church House
* Kampala Kingdom Hotel
* Kampala Speke Hotel
* Mapeera House
* Movement House
* Munyonyo Commonwealth Resort
* Thobani Centre
* Speke Resort and Conference Center
* East African Development Bank Building
* Bank of Uganda Building Complex
* Mengo Palace
* Kabaka's Place Banda
* Namirembe Cathedral
* Rubaga Cathedral
* Makerere University Main Campus
* National Water and Sewerage Corporation Headquarters Building
* Kampala Tower
* Hotel Africana
* Kibuli Mosque
* Old Kampala Mosque
* Uganda Inspectorate of Government Towers
* Uganda Ministry of Education Complex
* Uganda Museum
* Uganda National Cultural Centre
* Uganda National Records Centre and Archives
* Kasubi Tombs
* DFCU House
* Pension Towers
* JLOS House Project
* Roman Catholic Archdiocese of Kampala

Education|

* Aga Khan University, Kampala
* Cavendish University Uganda
* Clarke International University
* Habib Medical School
* Institute of Petroleum Studies Kampala
* International Health Sciences University
* International University of East Africa
* ISBAT University
* Kampala International School
* 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
* Nakawa Vocational Training Institute
* Nexus International University
* Rubaga Community School
* Stafford University Uganda
* St. Augustine International University
* St. Lawrence University
* Uganda Christian University School of Medicine
* Team University
* Uganda Industrial Research Institute
* 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
* Uganda Joint Medical Store

Legal|

* A.F. Mpanga Advocates
* ENSafrica
* Kampala Associated Advocates
* Kasirye Byaruhanga and Company Advocates
* Kateera & Kagumire Advocates
* Katende Ssempebwa & Company Advocates
* Kigozi Ssempala Mukasa Obonyo Advocates
* Ligomarc Advocates
* Sebalu & Lule Advocates

Environment|

* National Environment Management Authority of Uganda

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

00°18′49″N 32°34′46″E﻿ / ﻿0.31361°N 32.57944°E﻿ / 0.31361; 32.57944
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