Equity Bank Uganda Limited

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

Equity Bank Uganda Limited
TypePrivate
IndustryFinancial services
PredecessorUganda Microfinance
Founded2008 (2008)
HeadquartersJanani Luwum Church House
34 Kampala Road, Kampala, Uganda[1]
Key people
Apollo Makubuya - Chairman
Samuel Kirubi - Managing Director
Anthony Kituuka - Executive Director[2]
ProductsLoans, checking, savings, investments
RevenueBeforetax: 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

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:1.63 trillion ($464.84 million).[7] 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]

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

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. The stock of EGHL is also cross-listed on the Uganda Securities Exchange under the symbol EBL.[12][13]

Equity Bank Uganda Limited Stock Ownership
RankName of OwnerPercentage Ownership
1Equity Group Holdings Limited98.8
2Others1.2
Total100.00

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:[14]

Equity Uganda Branch Network
NoLocationNumber
1Kampala21
2Branches outside Kampala22
Total43

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. Corporate Finance Institute (8 September 2021). "Overview of Banks in Uganda: The Top Banks in Uganda Include: Equity Bank". Corporate Finance Institute. Vancouver BC, Canada. Retrieved 8 September 2021.
  8. Martin Luther Oketch (30 November 2020). "Equity registers increase in deposits amid Covid-19". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
  9. 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.{{cite web}}: CS1 maint: url-status (link)
  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. Archived from the original on 26 April 2014. Retrieved 25 April 2014.
  12. Uganda Securities Exchange (8 September 2021). "Listed Securities: Equities". Uganda Securities Exchange. Kampala, Uganda. Retrieved 8 September 2021.
  13. Amon Muhumuza (1 January 2017). "How cross-listed firms wiped Shs4 trillion off stock market". Daily Monitor. Kampala, Uganda. Retrieved 8 September 2021.
  14. EBUL. "Branches of Equity Bank Uganda Limited". Equity Bank Uganda Limited (EBUL). Archived from the original on 26 April 2014. Retrieved 25 April 2014.

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