Anthony Kituuka, the former managing director speaking at a recent event in Kampala
HABARI DAILY I Kampala, Uganda I After steering Equity Bank Uganda Limited for almost 10 years, Anthony Kituuka, the former managing director, has officially thrown in the towel.
According a recently issued press statement, Kituuka’s departure effective November 28 has been accepted by the Board of Directors. He has been with Equity Bank Uganda since 2014, serving as Executive Director from 2016 and taking over as Managing Director in November 2022.
“He will therefore serve a notice period to ensure a smooth transition as the search for his successor begins,” reads part of the statement.
The statement further said that under his leadership, Equity has achieved significant milestones, including reaching a customer base of 2.2 million and amassing customer deposits nearing Sh3 trillion.
“The bank’s loan book is valued at Sh1.7 trillion, while its total assets stand at approximately Shs3.5 trillion,distinguishing ourselves as an industry leader in agency banking, boasting nearly 9,000 Equi-duuka agents and a branch network of 50 locations,” further reads the statement, dated December 2nd.
Equity Bank Uganda is among the top five banks in various key performance metrics. It is a wholly owned subsidiary of Equity Group Holdings Plc, a leading Pan-African financial services company listed on multiple stock exchanges.
Anthony Kituuka, the former managing director
The group operates in several countries, including Kenya, Rwanda, Tanzania, South Sudan, and the Democratic Republic of Congo, with a commercial office in Ethiopia.
“With a market capitalization of $1.4 billion and an asset base of $14 billion, Equity Group supports over 22 million customers through a vast network of branches, agents, and digital platforms,” noted the statement.
Says Kituuka: ” I am proud of the time I have served in Equity. I want to thank the Board for their leadership, the staff, and all our stakeholders for their support. I wish them well as they pursue the Africa Recovery and Resilience Plan, which aims to impact 100 million customers by 2030.”
Mark Ocitti, chairman of the Board of Directors of Equity Bank Uganda, commended Mr. Kituuka for his dedication and contributions.
“We are grateful to Mr. Kituuka for his trust in the brand and his years of service. We wish him all the best as he embarks on new opportunities.”
In 2024, Equity Group was named the second strongest financial brand globally by Brand Finance and recognized as the strongest financial brand in Africa by Brand Africa.
