Equity Bank (Uganda)

Type	Private
Industry	Financial Services
Founded	2008
Headquarters	Kampala, Uganda
Key people	David Ansell Chairman Francis Mills-Robertson Managing Director[1]
Products	Loans, checking, savings, investments
Revenue	US$9.27 million (2010)[2]
Total assets	US$135.2 million (UGX:330 billion) (2011)
Employees	550+ (2011)
Website	Homepage

Equity Bank (Uganda) is a commercial bank in Uganda.

Overview[edit]

The bank provides banking services to individuals and to small and medium business enterprises. As of December 2011^[update], the bank was the 11th largest commercial bank in Uganda with an estimated asset valuation of approximately US$135.2 million (UGX:330 billion), or approximately 3% of all bank assets in the country.^[3]

History[edit]

Equity Bank (Uganda) was created in 2008 when the Equity Bank Group purchased Uganda Microfinance Limited, a Tier II, Ugandan microfinance company for an all-share price valued at US$27 million.^[4] Equity Bank (Uganda) launched under its new brand on March 30, 2009.^[5] As of December 2011, Equity Bank (Uganda) had a customer base of approximately 500,000 and employed over 550 people.^[6]

Equity Bank Group[edit]

Equity Bank (Uganda) is a member of the Equity Bank Group. As of December 2011^[update], the Group's asset base was valued at over US$2.41 billion (KES:196.3 billion), with shareholder's equity valued at about US$421 million (KES:34.3 billion).^[7]

The stock of the Equity Bank Group is listed on the Nairobi Stock Exchange, where it trades under the symbol EQTY. It is also cross-listed on the Uganda Securities Exchange under the symbol: EBL.^[8] Members of the Equity Bank Group include the following companies:

1. Equity Bank - Nairobi, Kenya
2. Equity Bank (Rwanda) - Kigali, Rwanda
3. Equity Bank (South Sudan) - Juba, South Sudan
4. Equity Bank (Tanzania) - Dar es Salaam, Tanzania
5. Equity Bank (Uganda) - Kampala, Uganda
6. Equity Consulting Group Limited - Nairobi, Kenya
7. Equity Nominees Limited - Nairobi, Kenya
8. Finserve Africa Limited - Nairobi, Kenya
9. Equity Group Foundation - Nairobi, Kenya

Other subsidiaries[edit]

In addition to the above subsidiaries, Equity Bank Group has investments in the following companies: ^[9]

• Housing Finance Company Limited - Nairobi, Kenya - A mortgage company: Equity Bank Group owns 25%^[10]
• Equity Investment Bank - Nairobi, Kenya: Equity Bank Group has 100% shareholding
• Equity Insurance Company - Nairobi, Kenya: Equity Bank Group has 100% shareholding

Ownership[edit]

Equity Bank (Uganda) is a subsidiary of the Equity Bank Group. The Ugandan subsidiary owns 11,333,333 ordinary shares of the parent company based in Nairobi, Kenya. Equity Bank is Kenya's fastest growing commercial bank with an asset valuation of over US$1 billion.^[11]

Equity Bank (Uganda) Stock Ownership[12]

Rank Name of Owner Percentage Ownership 1 Equity Bank Group 98.8 2 Others 1.2 Total 100.00 Branch network[edit] Equity Bank (Uganda) has its headquarters in Uganda's capital city, Kampala. Its branch network is the second-largest in Uganda, after Stanbic Bank Uganda, with 91 branches.[13] The bank has twenty-two automated teller machines in Uganda, with twelve more planned.[14] It serves a client base of close to 400,000.[15] As of August 2012[update], the bank maintains networked branches at the following locations:[16][17] Head Office - Plot 390 Muteesa 1 Road, Kampala Adjumani Branch - Adjumani Arua Park Branch - Arua Park, Kampala Bombo Branch - Bombo, Luweero District Busia Branch - Busia Bwera Branch - Bwera, Kasese District Hoima Branch - Hoima Jinja Branch - Jinja Jinja Road Branch - Jinja Road, Kampala Kabalagala Branch - Kabalagala, Kampala Kabale Branch - Kabale Kajjansi Branch - Kajjansi, Wakiso District Kalerwe Branch - Kaleerwe, Kampala Kasangati Branch - Kasangati, Wakiso District Katwe Branch - Katwe, Kampala Kawempe Branch - Kawempe, Kampala Kayunga Branch - Kayunga Kiboga Branch - Kiboga Kisoro Branch - Bunagana Road, Kisoro Kyengera Branch - Kyengera, Wakiso District Lira Branch - Soroti Road, Lira Luweero Branch - Gulu Highway, Luweero Lyantonde Branch - Lyantonde Market Street Branch - Market Street, Kampala Masindi Branch - Town Street, Masindi Mbale Branch - Mbale Mbarara Branch - Mbarara Mityana Branch - Mityana Mubende Branch - Mubende Nakulabye Branch - Makerere Hill Road, Naakulabye New Taxi Park Branch - New Taxi Park, Kampala Ndeeba Branch - Ndeeba, Kampala Oasis Mall Branch - Oasis Mall, Kampala Ovino Branch - Nakivubo Place, Kampala Rushere Branch - Rushere, Kiruhura District Tororo Branch - Tororo Venus Plaza Branch - Venus Plaza, 14-18 Nakivubo Place, Kampala Wandegeya Branch - Wandegeya, Kampala William Street Branch - William Street, Kampala See also[edit] List of banks in Uganda Banking in Uganda External links[edit] Bank of Uganda Website Equity Bank (Uganda) Homepage References[edit] ^ The Board of Directors At Equity Bank Uganda ^ Equity Bank Uganda Loss In 2010 ^ Overview of Equity Bank Uganda In 2011 ^ Kenya's Equity Bank buys Ugandan Microfinance Limited ^ Equity Bank (Uganda) to Launch on March 30, 2009 ^ Equity Customer Base Exceeds 500,000 in August 2011 ^ December 2011 Audited Financial Report for Group ^ Equity Bank Group is Listed on the USE ^ Subsidiaries of Equity Bank Group ^ Equity Bank Group Has 25% Shareholding In Housing Finance Company of Kenya ^ Equity Bank is Kenya's Fastest Growing Bank ^ Equity Bank (Uganda) Stock Ownership ^ Numbers of Ugandan Bank Branches ^ Equity Bank ATM Network in Uganda ^ Equity Has Nearly 400,000 Customers ^ Branch Network of Equity Bank Uganda ^ Partial Listing of Branches of Equity Bank Uganda June 2012 v t e Kampala District Capital: Kampala Divisions Kampala Central Division Kawempe Division Lubaga Division Makindye Division Nakawa Division Neighborhoods Bugoloobi Bukoto Busega Butabika Bwaise Ggaba Kabalagala Kamwookya Kansanga Kaleerwe Kanyanya Kasubi Katwe Kawaala Kawempe Kibuli Kibuye Kigoowa Kikaaya Kisaasi Kiwaatule Kulambiro Kololo Kyambogo Kyebando Lubaga Lungujja Luzira Makerere Makindye Mbuya Mengo Mpererwe Mulago Munyonyo Mutundwe Muyenga Naakulabye Naguru Najjanankumbi Nakasero Nakawa Namirembe Namungoona Namuwongo Nateete Ndeeba Nsambya Ntinda Old Kampala Port Bell Wandegeya Economy Air Uganda Aya Group Quality Chemical Industries Limited Mukwano Group Ruparelia Group Bank of Uganda ABC Capital Bank Barclays Bank Bank of Africa Bank of Baroda Bank of India (Uganda) DFCU Group Cairo International Bank Centenary Bank Citibank Crane Bank DFCU Bank Diamond Trust Bank Ecobank Equity Bank Fina Bank Global Trust Bank Housing Finance Bank Imperial Bank Uganda Kenya Commercial Bank National Bank of Commerce NC Bank Uganda Orient Bank PostBank Uganda Stanbic Bank Standard Chartered Bank Tropical Bank United Bank for Africa East African Development Bank Uganda Development Bank National Housing and Construction Company Uganda Air Cargo International Medical Group National Social Security Fund Umeme Uganda Securities Exchange Uganda Investment Authority Capital Markets Authority The Monitor New Vision New Vision Group Uganda Telecom Mercantile Credit Bank Pride Microfinance Limited Uganda Finance Trust Limited Opportunity Uganda Limited Kyagalanyi Coffee Limited FINCA Uganda Limited UGAFODE Microfinance Limited Notable landmarks Bulange Uganda Parliament Buildings Butabika National Referral Hospital Mulago National Referral Hospital Nsambya Hospital Rubaga Hospital Mengo Hospital Naguru General Hospital International Hospital Kampala Kibuli Hospital Kampala Capital City Authority Complex Kampala Serena Hotel Hotel Africana Kampala Sheraton Hotel Imperial Hotels Group Imperial Royale Hotel Grand Imperial Hotel Hotel Equatoria Kampala Hilton Hotel Kampala Intercontinental Hotel Kampala Speke Hotel Mapeera House Movement House East African Development Bank Building Bank of Uganda Building Complex Mengo Palace St. Paul's Cathedral Namirembe St. Mary's Cathedral Lubaga Makerere University Main Campus Kampala Tower Kibuli Mosque Old Kampala Mosque Kampala Airport Uganda Museum Uganda National Cultural Centre Kampala Northern Bypass Highway Kampala-Jinja Highway Kasubi Tombs Roman Catholic Archdiocese of Kampala DFCU House Pension Towers Education Makerere University Makerere University Business School Kampala International University Kampala International School Kampala University Kyambogo University Law Development Centre International Health Sciences University International University of East Africa Makerere College School Rubaga Community School Saint Lawrence University Uganda Management Institute Cavendish University Uganda Victoria University Uganda Uganda Martyrs University School of Medicine Notable people Apolo Nsibambi Nasser Ntege Sebaggala David Serwadda Fred Ruhindi John Ssebaana Kizito Bulaimu Muwanga Kibirige Erias Lukwago Dr. Ian Clarke Jennifer Musisi Maria Kiwanuka Laurence Sematimba Joseph Kizito Justinian Tamusuza Robert Ssejjemba Eugene Sseppuya Phillip Ssozi Sudhir Ruparelia Wasswa Serwanga Yusef Sozi Derrick Sebagala Margaret Zziwa