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![]() Equity Bank Uganda headquarters at The Church House, Kampala Road, Kampala, Uganda | |
Company type | Private |
---|---|
Industry | Financial services |
Predecessor | Uganda Microfinance |
Founded | 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 | ![]() |
Total assets | UGX:3.748 trillion (US$1.014 billion) (2023)[3] |
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.[4] 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.[5]
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.[6] The geographical coordinates of the bank's headquarters are.[7]
Overview
[edit]The bank provides banking services to individuals and to small and medium business enterprises. As of 31 December 2023, the bank's total assets were valued at UGX:3.748 trillion ($1.014 billion).[3]
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]
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]
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]References
[edit]- ^ New Vision (14 June 2018). "Church House handed over to Ntagali". New Vision. Kampala, Uganda. Retrieved 30 July 2018.
- ^ Kenneth Kazibwe (21 November 2022). "Anthony Kituuka appointed new Equity Bank Uganda's MD". Nile Post Uganda. Kampala, Uganda. Retrieved 1 December 2022.
- ^ a b c Muhereza Kyamutetera (1 May 2024). "Steadfast And Resilient: Equity Bank Uganda Consolidates Position Among Top Five Bank Despite A One Time Provisioning Related Loss In 2023". CEO Magazine Uganda. Kampala, Uganda. Retrieved 8 August 2024.
- ^ 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.
- ^ George Ngigi (1 April 2015). "Equity Bank readies Sh200bn for ten country expansion". Business Daily Africa. Nairobi, Kenya. Retrieved 9 November 2016.
- ^ New Vision (14 June 2018). "Church House Handed Over To Ntagali". New Vision. Kampala, Uganda. Retrieved 14 September 2018.
- ^ Google (14 September 2018). "Location of the Headquarters of Equity Bank Uganda Limited" (Map). Google Maps. Google. Retrieved 14 September 2018.
- ^ Martin Luther Oketch (30 November 2020). "Equity registers increase in deposits amid Covid-19". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
- ^ 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.
- ^ George Mangula (26 April 2022). "Equity Bank Uganda delivers impressive results in 2021". TheCooperator.news. Kampala, Uganda. Retrieved 10 August 2022.
- ^ Daily Monitor (19 October 2022). "What is fueling the "fastest growing bank"?". Daily Monitor. Kampala, Uganda. Retrieved 19 October 2022.
- ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014.
- ^ 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.
- ^ Uganda Securities Exchange (8 September 2021). "Listed Securities: Equities". Uganda Securities Exchange. Kampala, Uganda. Retrieved 8 September 2021.
- ^ Amon Muhumuza (1 January 2017). "How cross-listed firms wiped Shs4 trillion off stock market". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
- ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Archived from the original on 26 April 2014. Retrieved 25 April 2014.
- ^ 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.