Equity Bank Managing Director Anthony Kituuka Resigns

Equity Bank Uganda Limited (EBUL) Managing Director Anthony Kituuka has announced his resignation from the bank effective November 28, 2024.

According to a statement dated, November 30, Equity noted that resignation has been accepted by the Board of Directors. “Mr. Kituuka will serve a notice period to allow the Board adequate time to hire his successor.”

Kituuka has served as Equity Bank Uganda’s Managing Director for two years from November 2022 and previously as Executive Director since 2016. He joined Equity in 2014.

“I am proud of the time that I have served in Equity. I want to thank the Board for their leadership, the staff and all our stakeholders for their support and wish them well as they propose to be more significant and impact more lives in line with Africa Recovery and Resilience Plan which targets to impact 100 million customers by the year 2030,” said Kituuka.

The Chairman Mr Mark Ocitti on behalf of the Board of Directors, the Management, and staff of Equity Bank Uganda, thanked Kituuka for his years of service.

“We are grateful to Mr. Kituuka for his dedication and trust in the brand,” said Mark Ocitti, Chairman of the Board of Directors of Equity Bank Uganda.

Equity Bank Uganda Limited has a current customer base of 2.2 million, customer deposits of nearly UGX 3 Trillion, a loan book close to UGX 1.7 Trillion and a balance sheet of nearly UGX 3.5 Trillion.

The bank boasts of an agency banking with nearly 9000 Equi-duuka and has 50 branches.

“It is a top 5 bank in many parameters and is a Domestic Systemically Important Bank. The Equity brand is a widely recognized and respected one in the industry,” the bank noted.

Equity Bank Uganda is 100% owned subsidiary of Equity Group Holdings Plc a Pan-African financial services holding public company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange.

The Group has other banking subsidiaries in DRC, Rwanda, Tanzania, South Sudan, Kenya and a Commercial Representative Office in Ethiopia. It has other subsidiaries in investment banking, insurance, telecom, fintech and social impact investments.