Equity Bank Uganda Limited

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Equity Bank Uganda Limited
TypePrivate
IndustryFinancial services
PredecessorUganda Microfinance
Founded2008; 13 years ago (2008)
HeadquartersJanani Luwum Church House
34 Kampala Road, Kampala, Uganda[1]
Key people
Apollo Makubuya - Chairman
Samuel Kirubi - Managing Director
Anthony Kituuka - Managing Director[2]
ProductsLoans, checking, savings, investments
RevenueIncreaseBeforetax: UGX:2.1 Trillion (US$61.5 million) (2021)
Total assetsUGX:1.99 Trillion (US$562 million) (2021)
Number of employees
600+ (2018)
ParentEquity Group Holdings Limited
WebsiteHomepage

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 services conglomerate with headquarters in Kenya and subsidiaries in six countries of the African Great Lakes Region.[4]

Location[]

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[]

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:1.45 trillion ($409.97 million).In December 2019, shareholders' equity in the bank was valued at KSh111.8 billion ($1.02 billion).By December 2020, the bank's total assets had grown to UGX1.99 trillion ($562.7 million). [7]

History[]

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.[8] Equity Bank (Uganda) launched under its new brand on 30 March 2009.[9]

Ownership[]

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.

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[]

Equity Bank Uganda Limited has its headquarters in Uganda's capital city, Kampala. As of July 2021, the bank maintained networked branches at the following locations:[10]

Equity Uganda Branch Network
No Location Number
1 Kampala 21
2 Branches outside Kampala 43
Total 64

See also[]

References[]

  1. ^ Vision Reporter (14 June 2018). "Church House handed over to Ntagali". New Vision. Kampala. Retrieved 30 July 2018.
  2. ^ Daily Monitor (30 August 2019). "Ugandans in the Diaspora to run bank accounts back home". Daily Monitor. Kampala. Retrieved 4 April 2020.
  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. ^ Ngigi, George (1 April 2015). "Equity Bank readies Sh200bn for ten country expansion". Business Daily Africa. Nairobi. Retrieved 9 November 2016.
  5. ^ Vision Reporter (14 June 2018). "Church House Handed Over To Ntagali". New Vision. Kampala. 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. ^ "Equity Group Holdings Limited". EGHL. Retrieved 31 August 2021.
  8. ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014.
  9. ^ 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.
  10. ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Archived from the original on 26 April 2014. Retrieved 25 April 2014.

External links[]

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

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