Equity Bank is marking 10-years in Uganda, and to crown it, the bank has moved its headquarters from the slummy suburb of Katwe to Church House in the city centre, just opposite Bank of Uganda.
A ceremony highlighting the move was held today presided over by the Deputy Governor of Bank of Uganda Dr Lois Kasekende.
Speaking during the ceremony, Equity Bank Uganda Managing Director Samuel Kirubi said the move symbolizes the bank’s determination to continuously improve its offering to the people by ensuring that their products and services are accessible and affordable.
Kirubi said they are now able to engage with their customers to not only guide their growth but also provide microloans.
Kirubi reported that Equity Bank is one of the fastest banks in Uganda with a large network of 33 branches, 1,000 agents known as Equi Duuka and 945 points of service terminals, making it the most inclusive bank in Uganda.
Kirubi added that Equity Bank is now the eighth biggest bank in Uganda, down from the 13th position, with over 600,000 customers having 754 billion Shillings in deposits, while loans are at 600 billion Shillings and the bank’s asset base stands at over one trillion Shillings.
The Equity Group Chief Executive Officer, Dr James Mwangi said the new headquarters is a testimony to the great partnership between Equity Bank and Ugandans to share prosperity.
The Chair of the Board of Equity Bank Uganda Apollo Makubuya said within 10 years the bank has grown exponentially, including increasing the staff from 150 to 800 and has contributed to the country.
Deputy Governor Kasekende said Equity Bank is not only celebrating 10 years in Uganda but good banking and innovation, observing that the bank has taken advantage of the enabling environment and reforms created by the central bank.
Equity Bank Uganda financed construction of the Church House. It occupies four floors on the building, which will house the bank headquarters on three floors and the Church House branch on the ground floor with two branches for retail and corporate customers respectively.