Anthony Kituuka has officially announced his resignation as the Managing Director of Equity Bank Uganda, a position he has held since November 2022.
His departure was confirmed through a official statement shared by the institution on Saturday, marking the end of a decade-long tenure at the bank, including six years as Executive Director.
The Board of Directors of Equity Bank Uganda has expressed their gratitude to Mr. Kituuka for his contributions to the institution as they confirmed that he will remain in his role during the notice period to ensure a seamless transition as the bank searches for his successor.
In a reflection on his time at the bank, Kituuka stated, “It has been a privilege to serve Equity Bank and contribute to its mission of transforming lives and livelihoods. I am deeply thankful to the Board, my colleagues, and all stakeholders for their unwavering support. I wish the bank continued success as it advances the Africa Recovery and Resilience Plan, which aims to impact 100 million lives by 2030.”
Mark Ocitti, the Chairman of the Board, lauded Kituuka’s significant impact on the bank’s growth and stability.
“Anthony has played a pivotal role in driving Equity Bank Uganda’s performance and enhancing its standing as one of the country’s leading financial institutions,” Ocitti remarked.
Under Kituuka’s leadership, Equity Bank Uganda has achieved remarkable milestones, including a customer base of 2.2 million, deposits approaching UGX 3 trillion, a loan portfolio of approximately UGX 1.7 trillion, and total assets valued at UGX 3.5 trillion. With 50 branches across the country, the bank remains a key player in Uganda’s financial landscape.
Equity Bank Uganda operates as a subsidiary of Equity Group Holdings Plc, a prominent Pan-African financial institution with a presence in countries such as Kenya, Rwanda, Tanzania, South Sudan, and the Democratic Republic of Congo. The Group also has a representative office in Ethiopia and is involved in various sectors, including insurance, telecommunications, fintech, and investment banking.
Ranked as the strongest financial brand in Africa and the second strongest globally in 2024 by Brand Finance, Equity Group serves 22 million customers, manages assets worth USD 14 billion, and has a robust network across multiple industries.
