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Equity Bank breaks into Uganda’s top 5 banks; designated Domestic Systemically Important Bank by Central Bank Equity Bank which only entered the Ugandan market in July 2008 has sustained its double-digit growth, over the years, overtaking many banks, some of which have been present in the market for over 50 years. In 2022, it consolidated its position as the third-largest bank by lending and deposits. The bank is also now the 4th largest by total income and 5th largest by assets and was designated a Domestic Systemically Important Bank (DSIB) for 2023 by the Central Bank.
Anthony Kituuka, the Equity Bank Managing Director says the 2022 performance demonstrates resilience in the face of economic contraction and other associated challenges and tests a firm foundation to deliver on the bank’s strategic priorities and further strengthen our financial performance moving ahead.