Equity Bank Uganda Limited

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Equity Bank Uganda Limited
Private
Industry Financial services
Predecessor Uganda Microfinance
Founded 2008
Headquarters Kampala, Uganda
Key people
David Ansell,
chairman
Francis Mills-Robertson,
managing director[1]
Products Loans, checking, savings, investments
Revenue IncreaseAftertax: US$2.66 million (UGX:6.6 billion) (2013)[2]
Total assets US$146.3 million (UGX:370 billion) (2013)
Number of employees
550+ (2011)
Parent Equity Group Holdings Limited
Slogan Your Listening, Caring Partner
Website Homepage

Equity Bank Uganda Limited is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[3]

Overview[edit]

The bank provides banking services to individuals and to small and medium business enterprises. As of December 2013, the bank was the fourteenth largest commercial bank in Uganda with assets of approximately US$146.3 million (UGX:370 billion), or approximately 2 percent of all bank assets in the country at that time.[4]

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

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.[7]

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 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:[8]

  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[9]
  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[9]
  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[9]
  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

See also[edit]

References[edit]

  1. ^ "The Board of Directors At Equity Bank Uganda". Equity Bank Uganda. Retrieved 25 April 2014. 
  2. ^ Kulabako, Faridah (24 April 2014). "More Local Banks Record Profits Despite Increase In Bad Loans". Daily Monitor (Kampala). Retrieved 24 April 2014. 
  3. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015. 
  4. ^ TARC (13 June 2014). "Banking: East versus West Africa". TheAfricaReport.com (TARC). Retrieved 14 June 2014. 
  5. ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014. 
  6. ^ Nicoline, van Slingelandt (7 April 2009). "FMO Client Equity Bank Kenya Launches Banking Operations In Uganda". FMO. Retrieved 25 April 2014. 
  7. ^ 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. 
  8. ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Retrieved 25 April 2014. 
  9. ^ 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]