Anthony Kituuka resigns as Equity Bank managing director 

Mr Anthony Kituuka has resigned as the Equity Bank Uganda managing director, just two years after he was appointed to the position. 

Mr Kituuka, who replaced Mr Samuel Kirubi in November 2022, confirmed Saturday that he had “resigned willingly”, adding that he would stay in the position until March 1, 2025.

“Yes, I am leaving. I am going to serve Equity for the next three months. And then leave for better opportunities,” he said without giving more details.  

Before his appointment, Mr Kituuka had served as the Equity Bank executive director from 2016 and Equity Group executive director for regional subsidiaries from 2014 to 2016.

He is a career banker with more than 15 years of experience and holds an MBA in oil and gas from Middlesex University, London. 

He also holds a bachelor’s degree in statistics and applied economics from Makerere University and is a Fellow of the Association of Chartered Certified Accountants Certificate. 

In a statement published Saturday Equity Group indicated that Mr Kituuka had tendered his resignation on Thursday but would serve a notice period until March 1, 2025 “to allow the board adequate time to hire his successor”.

The statement also indicated during his two years, the bank registered an increase in its customer base to 2.2 million, boosting customer deposits to nearly Shs3 trillion, a loan book close to Shs1.7 trillion, and a balance sheet of nearly Shs3.5 trillion. 

Equity Bank Uganda is a 100 percent owned subsidiary of Equity Group Holdings. It is among the Group’s banking subsidiaries in DR Congo, Rwanda, Tanzania, South Sudan, Kenya and a commercial representative office in Ethiopia.