Equity Bank Uganda Limited

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Equity Bank Uganda Limited
Private
Industry Financial services
Predecessor Uganda Microfinance
Founded 2008; 10 years ago (2008)
Headquarters Janani Luwum Church House
34 Kampala Road, Kampala, Uganda[1]
Key people
Apollo Makubuya
Chairman
Samuel Kirubi
Managing Director[2]
Products Loans, checking, savings, investments
Revenue IncreaseAftertax: UGX:28 billion (US$7.5 million) (2017)[3]
Total assets UGX:1 trillion (US$263 million) (2017)[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 services 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: 0°18'49.0"N, 32°34'46.0"E (Latitude:0.313611; Longitude:32.579444).[7]

Overview[edit]

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).[3] In December 2017, shareholders' equity in the bank was valued at KSh5 billion (US$50 million).[8] By August 2018, the bank's total assets had grown to USh1.1 trillion (approx. US$299 million).[9]

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.[10] Equity Bank (Uganda) launched under its new brand on 30 March 2009.[11]

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.[12]

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 September 2018, the bank maintained networked branches at the following locations:[13]

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

See also[edit]

References[edit]

  1. ^ a b Vision Reporter (14 June 2018). "Church House handed over to Ntagali". New Vision. Kampala. Retrieved 30 July 2018. 
  2. ^ Vision Reporter (14 September 2017). "Equity Bank to hold investment forum in UK". New Vision. Kampala. Retrieved 18 September 2017. 
  3. ^ 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. 
  4. ^ BOU (June 2015). "List of Licensed Commercial Banks As At June 2015" (PDF). Kampala: Bank of Uganda (BOU). Retrieved 18 December 2015. 
  5. ^ Ngigi, George (1 April 2015). "Equity Bank readies Sh200bn for ten country expansion". Business Daily Africa. Nairobi. Retrieved 9 November 2016. 
  6. ^ Vision Reporter (14 June 2018). "Church House Handed Over To Ntagali". New Vision. Kampala. Retrieved 14 September 2018. 
  7. ^ Google (14 September 2018). "Location of the Headquarters of Equity Bank Uganda Limited" (Map). Google Maps. Google. Retrieved 14 September 2018. 
  8. ^ Juma, Victor (16 April 2018). "Equity injects USh36 billion more in Uganda unit". Daily Monitor. Kampala. Retrieved 17 April 2018. 
  9. ^ Kamukama, Eronie (8 August 2018). "Banks Avail More Cash For Oil And Gas Lending". Daily Monitor. Kampala. Retrieved 8 August 2018. 
  10. ^ Nyambura-Mwaura, Helen (18 April 2008). "Kenya's Equity Bank To Buy Uganda Microfinance". Reuters. Retrieved 25 April 2014. 
  11. ^ Nicoline, van Slingelandt (7 April 2009). "FMO Client Equity Bank Kenya Launches Banking Operations In Uganda". FMO. Retrieved 25 April 2014. 
  12. ^ 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. 
  13. ^ EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Retrieved 25 April 2014. 
  14. ^ a b c Anthony Wesaka, and Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016. 

External links[edit]

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