World Library  
Flag as Inappropriate
Email this Article

Equity Bank (Uganda)

Article Id: WHEBN0021862127
Reproduction Date:

Title: Equity Bank (Uganda)  
Author: World Heritage Encyclopedia
Language: English
Subject: Jinja, Uganda, Fort Portal, Tororo, Mbale, Mbarara, Kisoro, Kisizi, Hoima, Bugiri, Adjumani
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Equity Bank (Uganda)

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 Decrease 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

The bank provides banking services to individuals and to small and medium business enterprises. As of December 2011, 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

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

Equity Bank (Uganda) is a member of the Equity Bank Group. As of December 2011, 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 Kenya
  2. Equity Bank (Rwanda) - Kigali, Rwanda Rwanda
  3. Equity Bank (South Sudan) - Juba, South Sudan South Sudan
  4. Equity Bank (Tanzania) - Dar es Salaam, Tanzania Tanzania
  5. Equity Bank (Uganda) - Kampala, Uganda Uganda
  6. Equity Consulting Group Limited - Nairobi, Kenya Kenya
  7. Equity Nominees Limited - Nairobi, Kenya Kenya
  8. Finserve Africa Limited - Nairobi, Kenya Kenya
  9. Equity Group Foundation - Nairobi, Kenya Kenya

Other subsidiaries

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

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

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, the bank maintains networked branches at the following locations:[16][17]

  1. Head Office - Plot 390 Muteesa 1 Road, Kampala
  2. Adjumani Branch - Adjumani
  3. Arua Park Branch - Arua Park, Kampala
  4. Bombo Branch - Bombo, Luweero District
  5. Busia Branch - Busia
  6. Bwera Branch - Bwera, Kasese District
  7. Hoima Branch - Hoima
  8. Jinja Branch - Jinja
  9. Jinja Road Branch - Jinja Road, Kampala
  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. Masindi Branch - Town Street, Masindi
  26. Mbale Branch - Mbale
  27. Mbarara Branch - Mbarara
  28. Mityana Branch - Mityana
  29. Mubende Branch - Mubende
  30. Nakulabye Branch - Makerere Hill Road, Naakulabye
  31. New Taxi Park Branch - New Taxi Park, Kampala
  32. Ndeeba Branch - Ndeeba, Kampala
  33. Oasis Mall Branch - Oasis Mall, Kampala
  34. Ovino Branch - Nakivubo Place, Kampala
  35. Rushere Branch - Rushere, Kiruhura District
  36. Tororo Branch - Tororo
  37. Venus Plaza Branch - Venus Plaza, 14-18 Nakivubo Place, Kampala
  38. Wandegeya Branch - Wandegeya, Kampala
  39. William Street Branch - William Street, Kampala

See also

External links

  • Bank of Uganda Website
  • Equity Bank (Uganda) Homepage

References

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.