Anthony Kituuka resigns as Equity Bank Managing Director

Mr. Anthony Kituuka has resigned from his position as the Managing Director of Equity Bank, two years after taking over the position.

In a statement issued on Saturday, Equity Bank said the resignation has been accepted by the Board of Directors, and Mr. Kituuka will serve notice period to allow the Board adequate time to hire his successor.

 “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 purpose 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 Mr Kituuka.

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

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

Equity Bank has 50 branches across Uganda. 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. Equity Group is the largest integrated financial services firm in the region with a market capitalization of USD 1.4 Billion. The Group has an asset base of USD 14 Billion, customer base of 22 million supported by a footprint of 397 branches, 82,936 Agents, over 1.1 million Pay with Equity (PWE) merchants, 44,794 Point-of-Sale (POS) Merchants, 889 ATMs and an extensive adoption of digital banking channel.

The Group’s strong brand recognition, solid liquidity buffers and resilient funding profile, established domestic franchise and extensive adoption of digital and alternative distribution channels have earned it the honor of being the Second Strongest Financial Brand on Earth in 2024 by Brand Finance. It has also been recognized as the strongest financial brand in Africa by Brand Africa in 2024 and the most valuable brand in the region.