Nairobi, Kenya – August 6, 2025 – Equity Bank Kenya Limited, a subsidiary of Equity Group Holdings Plc, has announced the appointment of Stephen Owuyo to a significant leadership position within the organization. The announcement, made earlier this week, marks a notable addition to the bank’s leadership team as it continues to strengthen its position as a leading financial institution in East Africa.
While specific details about Owuyo’s exact role remain limited, sources indicate that his appointment aligns with Equity Bank’s ongoing efforts to enhance its strategic initiatives and operational excellence. Owuyo brings a wealth of experience in the financial sector, with a proven track record in leadership and corporate strategy. His expertise is expected to contribute to the bank’s mission of delivering innovative and inclusive financial solutions to its growing customer base of over 2.2 million in Uganda alone, with similar growth trends in Kenya.
Equity Group Holdings Plc, listed on the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange, has been a trailblazer in the region, boasting a balance sheet of nearly KSh 1.35 trillion (USD 13.5 billion) and a customer base exceeding 17.8 million across its subsidiaries. The appointment of Owuyo comes at a pivotal time as the bank navigates a dynamic financial landscape, including recent challenges such as a reported KSh 1.5 billion insider heist in its Kenyan operations, which led to the early retirement of former Managing Director Gerald Warui.
Industry observers note that Owuyo’s appointment signals Equity Bank’s commitment to reinforcing its leadership with seasoned professionals capable of driving growth and ensuring robust governance. “Equity Bank has always prioritized talent that aligns with its vision of transforming lives and expanding opportunities for wealth creation,” said a spokesperson for the bank. “Stephen Owuyo’s addition to the team underscores our focus on innovation and customer-centric solutions.”
The bank’s recent performance highlights its resilience, with a 26% growth in its loan book to KSh 845.9 billion and a proposed dividend of KSh 15.1 billion for the second consecutive year, reflecting strong financial health despite recent challenges. Owuyo’s role is anticipated to further bolster the bank’s efforts in digital transformation and financial inclusion, key pillars of its Africa Recovery and Resilience Plan, which aims to impact 100 million customers by 2030.
As Equity Bank continues to expand its footprint across Kenya, Uganda, Rwanda, Tanzania, South Sudan, and the Democratic Republic of Congo, Owuyo’s leadership will likely play a critical role in shaping the bank’s future. Stakeholders and customers alike are eager to see how his contributions will enhance Equity’s reputation as a trusted and innovative financial partner.
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