Equity Bank Uganda Limited

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Equity Bank Uganda Limited
Industry Financial services
Predecessor Uganda Microfinance
Founded 2008; 10 years ago (2008)
Headquarters Kampala, Uganda
Key people
Apollo Makubuya
Samuel Kirubi
Managing Director[1]
Products Loans, checking, savings, investments
Revenue IncreaseAftertax: UGX:28 billion (US$7.5 million) (2017)[2]
Total assets UGX:1 trillion (US$263 million) (2017)[2]
Number of employees
550+ (2011)
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 services conglomerate with headquarters in Kenya and subsidiaries in six countries of the African Great Lakes Region.[4]


The bank provides banking services to individuals and to small and medium business enterprises. As of 31 December 2017, the bank's total assets were valued at UGX:1 trillion (approximately US$263 million).[2] In December 2017, shareholders' equity in the bank was valued at KSh5 billion (US$50 million).[5]


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.[6] Equity Bank (Uganda) launched under its new brand on 30 March 2009.[7]

Equity Group Holdings Limited[edit]

Equity Bank Uganda Limited is a member of the Equity Group Holdings Limited. As of March 2014, Equity Group Holdings Limited had an asset base valued at over US$3.45 billion (KES:295 billion), with a total customer base in excess of 8.7 million, in the region.[8]


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 nearly US$4 billion, as at September 2014.

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 April 2014, the bank maintains networked branches at the following locations:[9]

  1. Head Office - Plot 390 Muteesa 1 Road, Kampala
  2. Adjumani Branch - Adjumani
  3. Arua Park Branch - Arua Park, Kampala
  4. Bombo Branch - Bombo, Luweero District
  5. Busia Branch - Busia
  6. Bwera Branch - Bwera, Kasese District
  7. Hoima Branch - Hoima[10]
  8. Jinja Branch - Jinja
  9. Kabalagala Branch - Kabalagala, Kampala
  10. Kabale Branch - Kabale
  11. Kajjansi Branch - Kajjansi, Wakiso District
  12. Kalerwe Branch - Kaleerwe, Kampala
  13. Kasangati Branch - Kasangati, Wakiso District
  14. Katwe Branch - Katwe, Kampala
  15. Kawempe Branch - Kawempe, Kampala
  16. Kayunga Branch - Kayunga
  17. Kiboga Branch - Kiboga
  18. Kisoro Branch - Bunagana Road, Kisoro
  19. Kyengera Branch - Kyengera, Wakiso District
  20. Lira Branch - Soroti Road, Lira
  21. Luweero Branch - Gulu Highway, Luweero
  22. Lyantonde Branch - Lyantonde
  23. Market Street Branch - Market Street, Kampala
  24. Mbale Branch - Mbale[10]
  25. Mbarara Branch - Mbarara
  26. Mityana Branch - Mityana
  27. Mubende Branch - Mubende
  28. Nakulabye Branch - Makerere Hill Road, Naakulabye
  29. New Taxi Park Branch - New Taxi Park, Kampala
  30. Ndeeba Branch - Ndeeba, Kampala
  31. Oasis Mall Branch - Oasis Mall, Kampala[10]
  32. Ovino Branch - Nakivubo Place, Kampala
  33. Rushere Branch - Rushere, Kiruhura District
  34. Venus Plaza Branch - Venus Plaza, 14-18 Nakivubo Place, Kampala
  35. Wandegeya Branch - Wandegeya, Kampala
  36. William Street Branch - William Street, Kampala
  37. Buganda Road Branch - Buganda Road, Kampala
  38. Fort Portal Branch - Fort Portal.

See also[edit]


  1. ^ Vision Reporter (14 September 2017). "Equity Bank to hold investment forum in UK". New Vision. Kampala. Retrieved 18 September 2017. 
  2. ^ a b c Kiggundu, Edris (30 April 2018). "Analysis: Here are the banks that made profits, losses in 2017 and why". Kampala: Nile Post Uganda. Retrieved 13 June 2018. 
  3. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). 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. ^ Juma, Victor (16 April 2018). "Equity injects USh36 billion more in Uganda unit". Daily Monitor. Kampala. Retrieved 17 April 2018. 
  6. ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014. 
  7. ^ Nicoline, van Slingelandt (7 April 2009). "FMO Client Equity Bank Kenya Launches Banking Operations In Uganda". FMO. Retrieved 25 April 2014. 
  8. ^ Kangethe, Kennedy (17 April 2014). "Equity Group In 20 Percent Profit Rise to Sh3.8 Billion". Capital FM Online (Nairobi) via AllAfrica.com. Retrieved 17 April 2014. 
  9. ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Retrieved 25 April 2014. 
  10. ^ a b c Anthony Wesaka, Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016. 

External links[edit]