Kampala, (UG):- Equity Bank Uganda Limited Managing Director, Mr Anthony Kituuka has resigned as the bank’s Managing Director bringing an end to his two-year tenure at the premier banking institution.
Kituuka, whose resignation is effective 28th November 2024 will serve the three-month notice and officially leave the institution in March 2025.
In a press release dated November 30, a copy of which DailyExpress has seen, Equity Bank Uganda Ltd announced the bank formally accepted Kituuka’s resignation and have initiated the process to find a suitable successor as he serves a notice period to facilitate a seamless transition of leadership.
A prominent figure in Equity Bank’s success, Kituuka joined the institution in 2014 as Executive Director and later ascended to the role of Managing Director in November 2022.
During his tenure, Mr. Kituuka oversaw substantial growth, positioning Equity Bank Uganda as a leader in the financial sector. Under his leadership, the bank expanded its footprint and services, consolidating its status as a Domestic Systemically Important Bank.
In his statement, Mr Kituuka expressed his gratitude for the time he spent at the helm of the bank. “I am proud of the time that 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 pursue greater impact in line with the Africa Recovery and Resilience Plan, which targets 100 million customers by 2030,” he said.
Mr. Mark Ocitti, Chairman of Equity Bank Uganda’s Board, conveyed the board’s gratitude for Mr. Kituuka’s contributions saying; “We are grateful to Mr. Kituuka for his dedication and trust in the brand,” Mr. Ocitti said.
Equity Bank Uganda which serves over 2.2 million customers has accumulated customer deposits amounting to nearly UGX 3 trillion yet the institution’s loan book currently stands close to UGX 1.7 trillion, while its total balance sheet is at an impressive UGX 3.5 trillion.
With nearly 9,000 Equi-duuka outlets and a network of 50 branches, the bank has during Kituuka’s term maintained robust growth and enhanced financial inclusion across the nation.
As Mr. Kituuka transitions from his current role to pursue new opportunities, the bank remains focused on continuing its mission to advance financial inclusion and support sustainable development goals. Equity Bank Uganda’s stakeholders and customers can expect the institution to uphold its commitment to growth, innovation, and exceptional service.
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