Equity Bank Uganda Limited (EBUL) is a subsidiary of Equity Group Holdings Limited, a leading financial services provider with a presence in six countries across the African Great Lakes Region. As a licensed commercial bank in Uganda, EBUL offers a range of banking services to individuals and small to medium-sized enterprises.
Headquartered in the central business district of Kampala, EBUL has an extensive network of 43 branches across Uganda, making banking services easily accessible to all. The bank has been rapidly growing, with total assets valued at UGX 2.9 trillion (approx. US$745 million) as of December 2021, up from UGX 1.63 trillion ($464.84 million) at the end of 2019.
EBUL’s focus on providing accessible and reliable banking solutions has helped it become the fastest growing commercial bank in Uganda, with an estimated 8% share of national banking deposits. The bank has achieved remarkable growth since it was launched under its new brand in March 2009, following the acquisition of Uganda Microfinance Limited by Equity Group Holdings Limited for an all-share price of US$27 million.
One of EBUL’s strengths is its commitment to providing tailored banking solutions to meet the unique needs of its customers. The bank offers a range of products and services, including personal and business accounts, loans, investment products, and foreign exchange services. EBUL’s loan book was valued at UGX 1.5 trillion (approx. US$389.3 million) as of December 2021.
As a socially responsible bank, EBUL is committed to promoting financial literacy and inclusion in Uganda. The bank has introduced innovative banking solutions, such as mobile banking and agency banking, to make banking services more accessible to underserved communities. Through its foundation, Equity Group Foundation, the bank also supports social and economic development initiatives across Uganda.
