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Two years after he took over the management of Equity Bank in Uganda, Anthony Kituuka has resigned, the CEO East Africa Magazine can exclusively reveal.
According to an internal memo that CEO East Africa Magazine has seen, Anthony will leave the Bank on 1st March 2025.
“I wish to inform you that Anthony Kituuka has tendered his resignation from his role as Managing Director, Equity Bank Uganda Limited, in order to pursue other opportunities outside the organization. The Board of Directors of Equity Bank Uganda Limited accepted Anthony’s resignation on 28th November 2024 and have subsequently informed the Bank of Uganda of his departure from the bank with effect from 1st March 2025, after an illustrious career in Equity,” Mark Ocitti, the Bank’s Board Chairman wrote in the memo.
He joined Equity Group in 2014 as Director, Regional Subsidiaries at the Head office in Nairobi.
In 2016, he returned to Uganda and was appointed as the Executive Director of Equity Bank Uganda Limited. In December 2022, he was promoted to become the Managing Director of the Bank.
In the time Anthony has been at the bank’s helm, including the time he has been Executive Director and Managing Director, Equity Bank’s customers grew from 390,000 to nearly 2.2 million today, served through 50 branches.
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Customer deposits have improved from UGX 480.4 billion in 2016 to UGX2.98 trillion at the end of 2023. The loan book has grown from UGX 319 billion to close 2023 at UGX 1.6 trillion. The bank’s balance sheet has grown from UGX 642.8 bn to about UGX 3.5 trillion.
“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 purpose to be more significant and impact more lives,” said Mr Kituuka, in a statement issued by the bank.
The bank’s Board Chairman, Mr. Mark Ocitti, in a statement, thanked Mr. Kituuka for his years of service.
“We wish Mr. Kituuka all the best as he transitions from his current role and embarks on new opportunities,” he said.