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.[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]

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
Anthony Kituuka
Managing Director[2]
ProductsLoans, checking, savings, investments
RevenueAftertax: UGX:28 billion (US$7.5 million) (2017)[3]
Total assetsUGX:1 trillion (US$263 million) (2017)[3]
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.[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

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

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

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

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
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 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

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. 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). Archived from the original (PDF) on 22 December 2015. 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. Archived from the original on 26 April 2014. 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). Archived from the original on 26 April 2014. Retrieved 25 April 2014.
  14. Anthony Wesaka, and Jonathan Adengo (4 March 2016). "Banks merge branches to cut costs". Daily Monitor. Kampala. Retrieved 4 March 2016.

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