Q&A: Equity Bank’s Anthony Kituuka, talks about doing well while doing good and a digitally-led inclusive ambition to 5 million customers by end of 2025 Equity Bank Uganda late last year appointed Anthony Kituuka, to become its Managing Director. An aggressively passionate and hands-on banker, Kituuka has been the Executive Director, at the bank since April 2016. In this first public interview since he assumed the role, he tells CEO East Africa Magazine’s Muhereza Kyamutetera about the bank’s big agenda for Uganda and how that fits into the larger Equity GRoup’s agenda for the African continent. He also paints some insights into the bank’s supercharged growth.

Anthony Kituuka, Equity Bank Uganda’s Managing Director.

Muhereza KyamuteteraJune 16, 2023June 16, 2023

The interview takes place against a backdrop of significant positive performance, as reported in the 2022 published financials. Equity Bank Uganda, registered significant growth, reporting a 32% growth in customer numbers from 1.222 million to 1.613 million and a 39% growth in the number of agents from 5,572 agents to 7,727 agents as well as 6,048 merchants. This fuelled a 21% growth in deposits from UGX 2.29 trillion to UGX2.76 trillion and subsequently a 6% growth in credit supply from UGX1.54 trillion to UGX 1.63 trillion. Increased deposits and lending fuelled a 22.6% growth in total income, from UGX382.7 billion…

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