KAMPALA, Uganda — Equity Bank Uganda Limited announced on Saturday that its Managing Director, Anthony Kituuka, has resigned from his position, effective November 28.

Kituuka’s departure comes after a two-year tenure at the helm of the bank, during which he oversaw significant growth in the bank’s customer base, deposits, and loan book.

According to a statement from the bank, Kituuka will serve a notice period to ensure a smooth transition of leadership. The Board of Directors has accepted his resignation and will begin the process of finding his successor.

Kituuka joined Equity Bank in 2014 and served as Executive Director from 2016 before being appointed Managing Director in November 2022. During his tenure, the bank’s customer base grew to 2.2 million, with customer deposits nearing 3 trillion Ugandan shillings and a loan book of nearly 1.7 trillion Ugandan shillings.

Equity Bank Uganda is a subsidiary of Equity Group Holdings Plc, a pan-African financial services holding company listed on the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange.

The bank’s Chairman, Mark Ocitti, thanked Kituuka for his dedication and service to the bank. “We wish Mr. Kituuka all the best as he transitions from his current role and embarks on new opportunities,” Ocitti said.

Kituuka’s resignation is expected to have minimal impact on the bank’s operations, with the Board of Directors and management team working to ensure a seamless transition.