Equity Bank Uganda has announced the resignation of its managing director, Anthony Kituuka, effective November 28, 2024.

Kituuka, who has served in various leadership capacities since joining the bank in 2014, exits after two years as managing director. He will remain with the institution during his notice period to ensure a seamless transition.

In a public statement, Equity Bank’s Board of Directors expressed their appreciation for Kituuka’s dedication and the role he played in steering the bank through a transformative period.

Mark Ocitti, Chairman of the Board, noted, “We are grateful to Mr. Kituuka for his years of service, dedication, and trust in the Equity brand.”
Kituuka took on the managing director role in November 2022 after serving as Executive Director since 2016.

During his tenure, the bank cemented its status as a market leader in Uganda’s financial sector. With a customer base of 2.2 million and deposits approaching UGX 3 trillion, Equity Bank is among the country’s top five commercial banks.
Its loan book has grown to UGX 1.7 trillion, supported by a robust balance sheet of UGX 3.5 trillion.

“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 and wish them well as they purpose to be more significant and impact more lives in line with the Africa Recovery and Resilience Plan,” Kituuka said.

Equity Bank Uganda is a wholly-owned subsidiary of Equity Group Holdings Plc, one of Africa’s largest and most integrated financial services firms.

Listed on the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange, the Group commands assets worth USD 14 billion and a footprint spanning seven countries, including Kenya, Rwanda, Tanzania, South Sudan, DRC, and a commercial representative office in Ethiopia.