Anthony Kituuka has announced his resignation as Managing Director of Equity Bank Uganda, a position he has held since November 2022. His departure, which was confirmed in a statement issued on Saturday, comes after a decade-long career at the bank, including six years as Executive Director.
Equity Bank’s Board of Directors has acknowledged Mr. Kituuka’s resignation and expressed their gratitude for his service. He will remain in office during his notice period to ensure a smooth transition as the bank seeks his replacement.
Reflecting on his tenure, Mr. Kituuka shared, “It has been a privilege to serve Equity Bank and contribute to its mission of transforming lives and livelihoods. I deeply appreciate the Board, my colleagues, and stakeholders for their support. I wish the institution continued success as it pursues the ambitious Africa Recovery and Resilience Plan to impact 100 million lives by 2030.”
Board Chairman Mark Ocitti commended Kituuka’s contributions to the bank’s growth and stability. “Anthony has been instrumental in driving Equity Bank Uganda’s performance and solidifying its reputation as a leading financial institution in the country,” said Ocitti.
Under Kituuka’s leadership, Equity Bank Uganda has expanded its reach and financial strength, boasting a customer base of 2.2 million, deposits nearing UGX 3 trillion, a loan portfolio of approximately UGX 1.7 trillion, and assets valued at UGX 3.5 trillion. With 50 branches nationwide, the bank continues to play a significant role in the financial sector.
Equity Bank Uganda operates as a wholly-owned subsidiary of Equity Group Holdings Plc, a Pan-African financial powerhouse with banking operations in multiple countries, including Kenya, Rwanda, Tanzania, South Sudan, and the Democratic Republic of Congo. Equity Group also has a representative office in Ethiopia and ventures in insurance, telecom, fintech, and investment banking.
The group, recognized as the strongest financial brand in Africa and the second strongest globally in 2024 by Brand Finance, boasts a customer base of 22 million, assets of USD 14 billion, and an extensive network.