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. 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
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
Overview
As of December 2023, Equity Bank Uganda Limited’s total assets stood at UGX 3.748 trillion approximately US$1.014 billion, serving individuals and small and medium-sized businesses. Its assets grew from UGX 1.823 trillion in June 2020 to UGX 2.9 trillion in December 2021. By 2021, the bank held UGX 2.3 trillion in customer deposits and a loan portfolio of UGX 1.5 trillion, accounting for approximately 8% of national banking deposits. It had also risen from the 15th-largest bank in 2011 to the sixth-largest in 2021, making it one of Uganda’s fastest-growing commercial banks.
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.Equity Bank Uganda launched under its new brand on 30 March 2009.
Ownership
Equity Bank Uganda Limited is a subsidiary of Equity Group Holdings Limited. 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
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
