Equity Bank (Uganda)
Encyclopedia
Overview
The bank provides banking services to individuals and to small and medium business enterprises. As of December 2009, the bank was the 14th largest commercial bank in Uganda with an estimated asset valuation of approximately US$81.4 million or approximately 2% of all bank assets in the country.History
Equity Bank (Uganda) was created in 2008 when the Equity Bank GroupEquity Bank Group
Equity Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, and South Sudan...
purchased Uganda Microfinance Limited, a Tier II, Ugandan microfinance company for an all-share price valued at US$27 million. Equity Bank (Uganda) launched under its new brand on March 30, 2009. As of August 2010, Equity Bank had a customer base in Uganda of approximately 440,000.
Equity Bank Group
Equity Bank (Uganda) is a member of the Equity Bank GroupEquity Bank Group
Equity Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, and South Sudan...
. , the Group's asset base exceeded US$1.5 billion, with shareholders' equity in excess of US$237 million. The stock of the Equity Bank Group is listed on the Nairobi Stock Exchange
Nairobi Stock Exchange
The Nairobi Securities Exchange is the principal stock exchange of Kenya. It began in 1954 as an overseas stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African Stock Exchanges Association...
, where it trades under the symbol EQTY. It is also cross-listed on the Uganda Securities Exchange
Uganda Securities Exchange
The Uganda Securities Exchange 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 central bank.The exchange's doors opened to trading in...
under the symbol: EBL. Members of the Equity Bank Group
Equity Bank Group
Equity Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, and South Sudan...
include the following companies:
- Equity BankEquity BankEquity Bank is a financial services provider headquartered in Nairobi, Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator. , Equity Bank had the largest customer base in Kenya, with over 5.7 million accounts...
- NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
- Equity Bank (Rwanda)Equity Bank (Rwanda)Equity Bank , is a commercial bank in Rwanda. The bank is one of the eleven licensed commercial banks in the Republic of Rwanda.-History:...
- KigaliKigaliKigali, population 965,398 , is the capital and largest city of Rwanda. It is situated near the geographic centre of the nation, and has been the economic, cultural, and transport hub of Rwanda since it became capital at independence in 1962. The main residence and offices of the President of...
, RwandaRwandaRwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
- (coming soon) - Equity Bank (South Sudan)Equity Bank (South Sudan)-Overview:The bank provides banking services to individuals and to small and medium business enterprises. It is one of the commercial banks licenced to operate in the country by the Bank of South Sudan, the national banking regulator.-Equity Bank Group:...
- Juba, South SudanSouth SudanSouth Sudan , officially the Republic of South Sudan, is a landlocked country located in the Sahel region of northeastern Africa. It is also part of the North Africa UN sub-region. Its current capital is Juba, which is also its largest city; the capital city is planned to be moved to the more... - Equity Bank (Tanzania) - Dar es SalaamDar es SalaamDar es Salaam , formerly Mzizima, is the largest city in Tanzania. It is also the country's richest city and a regionally important economic centre. Dar es Salaam is actually an administrative province within Tanzania, and consists of three local government areas or administrative districts: ...
, TanzaniaTanzaniaThe United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
- (coming soon) - Equity Bank (Uganda) - KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, UgandaUgandaUganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
- Equity Consulting Group Limited - NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
- Equity Nominees Limited - NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
- Finserve Africa Limited - NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
- Equity Group Foundation - NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
Other subsidiaries
In addition to the above subsidiaries, Equity Bank Group has investments in the following companies:- Housing Finance Company Limited - NairobiNairobiNairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, KenyaKenyaKenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
- A mortgage company: Equity Bank Group owns 25% - Equity Investment Bank - Nairobi, Kenya: Equity Bank Group has 100% shareholding
- Equity Insurance Company - Nairobi, Kenya: Equity Bank Group has 100% shareholding
Ownership
Equity Bank (Uganda) is a subsidiary of the Equity Bank GroupEquity Bank Group
Equity Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, and South Sudan...
. The Ugandan subsidiary owns 11,333,333 ordinary shares of the parent company based in Nairobi
Nairobi
Nairobi is the capital and largest city of Kenya. The city and its surrounding area also forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyirobi, which translates to "the place of cool waters". However, it is popularly known as the "Green City in the Sun" and is...
, Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
. Equity Bank
Equity Bank
Equity Bank is a financial services provider headquartered in Nairobi, Kenya. It is one of the forty-four commercial banks licensed by the Central Bank of Kenya, the national banking regulator. , Equity Bank had the largest customer base in Kenya, with over 5.7 million accounts...
is Kenya's fastest growing commercial bank with an asset valuation of over US$1 billion.
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{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
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|1||Equity Bank Group
Equity Bank Group
Equity Bank Group, is a financial services organization in East Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, and South Sudan...
||98.8
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|2||Others||01.2
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| ||Total||100.00
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Branch network
Equity Bank (Uganda) has its headquarters in Uganda's capital city, KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
. The bank has a total of fifty-five (55) branches located in the central, eastern, northern and western parts of Uganda. Its branch network is the third-largest in Uganda, after Stanbic Bank (Uganda) Limited
Stanbic Bank (Uganda) Limited
Stanbic Bank Limited is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
and Barclays Bank
Barclays Bank (Uganda)
Barclays Bank Limited, commonly known as Barclays Bank , is a commercial bank in Uganda. It is one of the twenty-three commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
. The bank has twenty-two automated teller machine
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
s in Uganda, with twelve more planned. It serves a client base of close to 400,000. , the bank maintains branches at the following locations:
- Adjumani Branch - AdjumaniAdjumaniAdjumani is a town in Northern Uganda. It is the 'chief town' of Adjumani District and the district headquarters are located there.-Location:Adjumani is located approximately , by road, northeast of Arua, the largest city in the sub-region. This location lies approximately , north of Kampala, the...
- Arua Branch - AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Bombo Branch - BomboBombo, Uganda-Location:Bombo is located approximately , by road, north of Uganda's capital, Kampala. The coordinates of the town are:00 34 40N, 32 32 42E .-Municipalities in Luweero District:Bombo is a municipality in Luweero District...
, Luweero District - Busia Branch - BusiaBusia, UgandaBusia is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Busia District and the district headquarters are located there. The district is named after the town.-Location:...
- Busiika Branch - Busiika, Gayaza-Ziroobwe RoadGayaza-Ziroobwe RoadGayaza-Ziroobwe Road is a road in central Uganda, connecting the towns of Gayaza in Wakiso District and Ziroobwe in Luweero District.-Location:...
- Bwera Branch - BweraMpondwe-Location:Mpondwe is located in the Rwenzori Mountains, in Kasese District, Western Uganda. The town lies at the border with the Democratic Republic of the Congo. Bwera is another settlement to the immediate east of Mpondwe border crossing...
, Kasese DistrictKasese DistrictKasese District is a district in Western Uganda. Like most other Ugandan districts, it is named after its 'chief town', Kasese, where the district headquarters are located.-Location:Kasese District is located along the Equator... - Hoima Branch - HoimaHoimaHoima is a town in Western Uganda. It is main municipal, administrative and commercial center of Hoima District in Uganda. It is also the location of the palace of the Omukama of Bunyoro.-Location:...
- Jinja Branch - JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Jinja Road Branch - Jinja RoadKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kabalagala Branch - KabalagalaKabalagalaKabalagala is a neighborhood in the city of Kampala, the capital city of Uganda. The name Kabalagala comes from a local type of pancake made from cassava flour and sweet bananas and is spiced with local peppers. Hawkers of this food variety would pull up to motorists as they were waiting to turn...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kajjansi Branch - Kajjansi, Wakiso DistrictWakiso DistrictWakiso District is a district in Central Uganda that encircles Kampala, Uganda's capital city. The district is named after the town of Wakiso, where the district headquarters are located.-Location:...
- Kampala Central Branch - NakaseroNakaseroNakasero is the hill where the central business district of Kampala is located. Kampala is Uganda's capital and largest city.-Location:Nakasero is bordered by Mulago to the north, Makerere to the northwest, Old Kampala to the west, Namirembe and Mengo to the southwest, Nsambya to the south, Kibuli...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kamwookya Branch - 49-51 Bukoto Street, KamwookyaKamwookyaKamwookya, sometimes spelled as Kamwokya, is a location within the city of Kampala, Uganda's capital and largest metropolitan area.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kasangati Branch - KasangatiKasangati-Location:Kasangati is located north of Kampala on the Kampala-Gayaza Highway. This well rounded market town can be found south of the slightly smaller area of Gayaza along the Kampala-Gayaza Road...
, Wakiso DistrictWakiso DistrictWakiso District is a district in Central Uganda that encircles Kampala, Uganda's capital city. The district is named after the town of Wakiso, where the district headquarters are located.-Location:... - Katwe Branch - KatweKatwe-Location:Katwe, located in Makindye Division, is bordered by Nakasero to the north, Nsambya to the east, Kibuye and Makindye to the southeast, Ndeeba to the south and Mengo to the west. The road distance between Kampala's central business district and Katwe is approximately...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
(Main Branch) - Kawempe Branch - KawempeKawempeKawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. The five divisions are:* Kampala Central Division* Lubaga Division...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kayunga Branch - KayungaKayungaKayunga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kayunga District. The district is named after the town.-Location:...
- Kiboga Branch - KibogaKibogaKiboga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kiboga District and the district headquarters are located there...
- Kisiizi Branch - KisiiziKisiiziKisizi or Kisiizi is a community centred around Kisiizi Hospital in the Rukungiri District of south-west Uganda.-Location:The town of Kisiizi is located in Rukungiri District, in southwestern Uganda, approximately , by road, south of the district headquarters at Rukungiri. This location is...
, Rukungiri DistrictRukungiri DistrictRukungiri District is a district in Western Uganda. It is named after its 'chief town' of Rukungiri where the district headquarters are located.-Location:... - Kisoro Branch - KisoroKisoroKisoro is a town in Western Uganda. It is the 'chief town' of Kisoro District and the district headquarters are located there. The district was named after the town.-Location:...
- Kyengera Branch - KyengeraKyengeraKyengera is a town in Central Uganda. It is one of the urban centers in Wakiso District.-Location:The town is situated on the tarmacked, all-weather Kampala - Masaka Highway. Nsangi is located approximately , by road, southwest of Kampala, Uganda's capital and largest city...
, Wakiso DistrictWakiso DistrictWakiso District is a district in Central Uganda that encircles Kampala, Uganda's capital city. The district is named after the town of Wakiso, where the district headquarters are located.-Location:... - Lira Branch - Soroti Road, LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Luweero Branch - Gulu Highway, LuweeroLuweeroLuweero is a town in Central Uganda. It is the main municipal, administrative and commercial center of Luweero District. The district is named after the town.-Location:...
- Lyantonde Branch - LyantondeLyantondeLyantonde is a town in southern Central Uganda. It is the main municipal, administrative and commercial center of Lyantonde District. The district is named after the town.-Location:...
- Market Street Branch - Market Street, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Masindi Branch - Town Street, MasindiMasindiMasindi is a town in Western Uganda, which lies on the road from Kampala to the Murchison Falls National Park. It is the 'chief town' of the Masindi District and the district headquarters are located there...
- Mbale Branch - MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Mbarara Branch - MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Mityana Branch - MityanaMityanaMityana is a town in Uganda's Central Region. It is the main municipal, administrative and commercial center of Mityana District and the district headquarters are located there. The district is named after the town.-Location:...
- Mukono Branch - Mukono
- Mubende Branch - MubendeMubendeMubende is a town in Central Uganda. It is the main municipal, administrative and commercial center of Mubende District and is the location of the district headquarters. Mubende is the sister city of Tumwater, Washington, USA.-Location:...
- Nakawa Branch - Nakawa Market, NakawaNakawaNakawa is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Nakawa Division, one of the five administrative divisions of Kampala.-Location:Nakawa is located on the eastern edge of the city of Kampala...
, Kampala]] - Ndeeba Branch - NdeebaNdeeba-Location:Ndeeba is located on the southwestern edge of the city of Kampala. It is bordered by Mengo to the north, Katwe to the northeast, Kibuye to the east, Makindye and Najjanankumbi to the southeast, Kabowa to the south, Mutundwe to the west and Lubaga to the northwest...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Owino Market Branch - Nakivubo Place, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Kisiizi Branch - KisiiziKisiiziKisizi or Kisiizi is a community centred around Kisiizi Hospital in the Rukungiri District of south-west Uganda.-Location:The town of Kisiizi is located in Rukungiri District, in southwestern Uganda, approximately , by road, south of the district headquarters at Rukungiri. This location is...
, Rukungiri DistrictRukungiri DistrictRukungiri District is a district in Western Uganda. It is named after its 'chief town' of Rukungiri where the district headquarters are located.-Location:... - Kisoro Branch - Bunagana Road, KisoroKisoroKisoro is a town in Western Uganda. It is the 'chief town' of Kisoro District and the district headquarters are located there. The district was named after the town.-Location:...
- Rushere Branch - RushereRushereRushere is a town is western Uganda. It is one of the metropolitan areas in Kiruhura District.-Location:Rushere is located approximately , by road, northeast of Mbarara, the largest city in the sub-region. The location is approximately , by road, east of Kiruhura, the district headquarters...
, Kiruhura DistrictKiruhura DistrictKiruhura District is a district in Western Uganda. It is named after its 'chief town' of Kiruhura, the location of the district headquarters.-Location:... - Soroti Branch - SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
- Tororo Branch - TororoTororoTororo is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Tororo District. The district was named after the town.-Location:...
- Oasis Mall Branch - Oasis Mall, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Arua Park Branch - Arua Park, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Wandegeya Branch - WandegeyaWandegeyaWandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area.The name is derived from the weaver birds, , which used to inhabit the area prior to the 1990s.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Ziroobwe Branch - Kikyusa Road, ZiroobweZiroobweZiroobwe, sometimes spelled as Zirobwe is a town in, Luweero District in Central Uganda. The correct phonetic spelling is Ziroobwe.-Location:...