Equity Bank Uganda Limited (EBUL), is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

. It is licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Ba ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator. EBUL is a subsidiary of

Equity Group Holdings Limited Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sud ...

, a financial service conglomerate with headquarters in Kenya and subsidiaries in six countries of the

African Great Lakes Region The African Great Lakes ( sw, Maziwa Makuu; rw, Ibiyaga bigari) are a series of lakes constituting the part of the Rift Valley lakes in and around the East African Rift. They include Lake Victoria, the second-largest fresh water lake in the wo ...

Location

The bank maintains its headquarters and main branch in

Janani Luwum Church House Janani Luwum Church House, or simply Church House, is a commercial building in Kampala, the capital of Uganda. The building is owned by the Anglican Church in Uganda, known as the Church of Uganda. Location The skyscraper is located at 34 K ...

, at 34 Kampala Road, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

, Uganda's

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

and largest city. The geographical coordinates of the bank's headquarters are.

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). By 30 June 2020, the bank's total assets had grown to UGX1.823 trillion ($520 million). 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. As of December 2021, total assets were valued at UGX:2.9 trillion (approx. US$745 million), with customer deposits of UGX:2.3 trillion (approx. US$597 million) and a loan book of UGX:1.5 trillion (approx. US$389.3 million). At that time its share of customer deposits was estimated at 8 percent of national banking deposits. This made EBUL the fastest growing commercial bank in the country, having increased its market share of bank deposits in the country, from 1.75 percent in 2011. As of 2021, EBUL was the 6th largest bank in Uganda compared to 15th position it was in 2011.

History

Equity Bank Uganda Limited was created in 2008 when the

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

(EGHL). The Ugandan subsidiary owns 11,333,333 ordinary shares of the parent company based in

Nairobi, Kenya Nairobi ( ) is the Capital city, capital and largest city of Kenya. The name is derived from the Maasai language, Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows throug ...

. 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 In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of EGHL is also cross-listed on the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

under the symbol EBL.

Branch network

Equity Bank Uganda Limited has its headquarters in Uganda's capital city,

. , the bank maintained networked branches at the following locations:

References

External links

Bank of Uganda Website

Equity Bank (Uganda) Homepage

As of 1 November 2017. {{coord, 00, 18, 49, N, 32, 34, 46, E, display=title Banks of Uganda Banks established in 2008 2008 establishments in Uganda Companies based in Kampala