DSIBs

Despite taking a 46.7% drop in 2022 net profit, Equity Bank Uganda still managed to make significant growth and key market share gains in customer deposits, lending, income and assets and capped off the year, by breaking into Uganda’s top 5 banks club. In the just released results, Equity Bank reported a 21% growth in deposits from UGX 2.29 trillion to UGX2.76 trillion- an increase of UGX469.9 billion. This enabled Equity to leap from the 5th largest bank by deposits position, to the 3rd largest, overtaking standard Chartered Bank and Absa Bank Uganda.  Top of the market is Stanbic Bank…