Kigali, 30th August 2021: Equity Bank Rwanda Plc has announced the appointment of Col (Rtd). Eugene Haguma as the Non – Executive Chairman to its Board taking over from Mrs. Evelyn Rutagwenda. Mrs Rutagwenda retired through rotation having served on the board for nine years, four of which she served as Chairperson. She will continue to serve on the Equity Group Holdings Plc Board as Vice Chairperson.


Col (Rtd). Haguma brings on board a wealth of leadership experience, having previously served in senior leadership positions in both the private and public sectors. He has previously served as the Permanent Secretary Ministry of Defence in Rwanda, Defence Attaché to the Republic of South Africa and CEO of Horizon Group Rwanda. Col (Rtd). Haguma is currently serving as an independent consultant.


Speaking while welcoming him to the Board as Chairman , Equity Group Managing Director and CEO Dr. James Mwangi said, “We are delighted to bring on board Col (Rtd). Haguma as the new Non- Executive Chairman of the Board of Equity Bank Rwanda Plc. The experience and expertise he has gained over the years while working in multi-national environments will play a key role in overseeing the implementation of strategy hence strengthening our regional operations and presence.”


The Board thanked Mrs Rutagwenda for her leadership. “In a special way, I would like to register sincere gratitude to Mrs. Rutagwenda for her dedication and outstanding service as Chairperson on the Board of Equity Bank Rwanda Plc. During her tenure, the Bank registered impressive growth on all parameters,”said Dr. Mwangi.


Speaking while welcoming Col (Rtd). Haguma, the Equity Group Vice Chairperson said, “ As a Group, we are delighted to have Col (Rtd). Eugene Haguma as the new Board Chair for our Rwanda subsidiary. His experience and networks will see the Group grow its footprint further within Rwanda allowing Equity to continue transforming lives and livelihoods, giving dignity and expanding opportunities for wealth creation.” said Mrs Rutagwenda.


Commenting on the Board appointment, Col (Rtd). Haguma said, “I am honoured to serve as Board Chair in Equity Bank Rwanda Plc and priviledged to work with a talented and experienced management team, that has distinguished itself for passion to the fulfillment of the Bank’s purpose. A team that has seen Equity Bank become a significant player and one of Rwanda’s fastest growing banks with total assets of RFW 388.6B, a gross loan book of RFW 215.2B , total deposits of RFW 281B and reaching over 750,000 customers.”


Col (Rtd). Eugene Haguma holds an MSc. in Financial Management from the University of London and a B.Com (Marketing) degree from Makerere University-Kampala. He is a Chartered Financial Analyst (CFA) charter holder and is a Certified Sustainable Investment Professional from John Molson Business School Concordia University, Canada.


About Equity Bank Rwanda
Equity Bank Rwanda began its operations in 2011 and is registered as a commercial bank by the National Bank of Rwanda. The Bank has its Head Office located in Kigali, with a footprint of 15 branches and is supported by 1,905 agents, 3,142 merchants and a network of 24 ATMs.


Equity Bank Rwanda is a subsidiary of Equity Group Holdings Plc, a financial services company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange.


Equity Group is the largest bank in the region with assets of USD 11.2 billion. It is also the biggest bank in deposits, market capitalization of USD 2billion and with a customer base of over 15 million customers. The Group has a footprint of 337 branches, 56,772 Agents, 32,269 Merchants, 697 ATMs and an extensive adoption of digital banking channel.


The Banker Top 1000 World Banks 2020 ranked Equity Bank 754 overall in its global ranking, 62nd in soundness (Capital Assets to Assets ratio), 55th in terms of Profits on Capital and 20th on Return on Assets. In the same year, Moody’s gave the Bank a global rating of B2 with a negative outlook same as the sovereign rating of the Kenyan government due to the Bank’s strong brand recognition, solid liquidity buffers and resilient funding profile, established domestic franchise and extensive adoption of digital and alternative distribution channels.

Related stories

Equity Group Secures Its Shareholders Nod for a Kshs 20billion Pan African Expansion Bid

The shareholders of Equity Group Holdings (formerly Equity Bank Limited), have approved a raft of...

View More
Equity Group Now Listed on the Rwandan Bourse

The regional integrated financial services firm, with banking interests in Rwanda, Uganda, South...

View More
Equity Bank Announces Instant Issuing of Autobranch Visa Cards in Rwanda

Equity Bank Rwanda has kicked off a corporate initiative to instantly issue Automated Teller Machine...

View More
Equity Bank Unveils Mvno Strategy and Rollout Plan

Equity Bank today unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that...

View More
Regional Expansion and Diversification Strategy Pays Off as Equity Bank Posts a 21% Growth

Emerging from a depressed operating economic environment as well as challenges posed by the recent...

View More
Equity Bank Group’s Investment in Ict and Focus on Sme Boosts Profits by 11% in the 2013

Equity Bank Group’s investments in IT, growth in the number of customers and branch upgrades to...

View More
Equity Bank Upgrades Core Banking System

Equity Bank Group together with Infosys Technology, IBM, Oracle and Open Way Group today unveiled...

View More
Equity Bank Group Strengthens Its Fundamentals While Expenses Of ICT, Innovation And Product Rollout

Equity Bank Group’s focus on enhancing affordability, accessibility and convenience has seen its...

View More
Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit

Regional banking group, Equity Bank's reduction of interest rates by 700 bps from 25% to 18% has...

View More
Equity Bank Profit Before Tax Up 21 Percent in First Quarter 2013

The Group posted a profit before tax of Kshs 4.52 billion up from Kshs 3.73 billion posted during a...

View More
Equity Bank’s Strategy Increases Profits by 36 Percent

The Group’s total assets posted a 24% growth during the year to close at Ksh 243 billion up from...

View More
MasterCard and Equity Bank Announce Partnership to Introduce PayPass™ Enabled Cards

Partnership to increase financial inclusion and boost EMV migration efforts in the region.

View More
Equity Group Foundation Appoints Dr. Helen Gichohi as Managing Director

Dr. James Mwangi, Equity Bank Group CEO and Chairman of Equity Group Foundation has announced the...

View More
Dr. James Mwangi Wins ‘forbes Africa Person of the Year Award 2012’

The ceremony was organised by the eventing arm of the ABN Group - ABN Productions.

View More
Equity Bank Group Partners With China Union Pay

Equity Bank Group has today launched a partnership with China Union Pay, which will allow UnionPay...

View More
Equity Bank Group Pre-tax Profit Up by 30%

Equity Bank Group continued to defy macro-economic turbulence to maintain steady growth and posted a...

View More
Equity Bank Ceo Awarded Business Leader of the Year

The prestigious award presented by CNBC Africa in South Africa for the second year running is a...

View More
Appointments at Equity Bank Group

Dr James Mwangi today at Equity Centre announced two key appointments in the Equity Bank Group’s...

View More
Equity Bank Ceo Gets Two Appointments

Dr Mwangi will serve as a council member of the G8 New Alliance for Food Security and a member of...

View More
Equity Bank CEO joins Global Alliance for Food Security and Nutrition

Membership in the Leadership Council is by agreement and invitation of the Co-Chairs and Council...

View More
21 Equity Bank Scholars Receive Scholarships to Study in World Leading Universities in 2012

21 scholars in the Equity Bank university sponsorship program have so far received scholarships in...

View More
Equity Bank Profit Before Tax Grows by 29%

Regional banking group, Equity Bank continued to maintain its growth momentum with the profit before...

View More
James Mwangi: Africa's Inclusive Finance Guru Is World's Best Entrepreneur

Africa's Inclusive Finance Guru Is World's Best Entrepreneur

View More
Equity Bank CEO wins 2012 Ernst & Young World Entrepreneur of the Year 2012

Dr. James Mwangi, CEO and Managing Director of Equity Bank is the 2012 Ernst & Young World...

View More
Equity Bank Ceo Receives 2012 World Entrepreneur of the Year Nomination

After winning the 2011 East Africa Master Entrepreneur of the Year by Ernst & Young, Equity Bank...

View More
Equity Bank Awarded Best Managed Company in Africa Banking & Finance Sector

Equity Bank has been awarded Best Managed Company in Africa;

View More
Equity Bank Named Best Bank in Kenya

Equity Bank has been named the Best Bank in Kenya this year as the CEO Dr James Mwangi received the...

View More
BBC News - Kenyan Hopes to Open Up Banking to the Poor

"People are driven by emotions and it's all about the enthusiasm of liberating our people" Said Dr....

Watch Video
Equity Bank Rwanda PLC family contributes about 22,225 Testing Kits worth RWF 1Billion to the Government of Rwanda in Support of National Efforts of combating COVID-19

Equity Bank Rwanda made a contribution of 22,225 testing kits at a cost of FRW 1Billion to the...

View More
Equity Rwanda unveils new look with renewed commitment to enhance growth and financial inclusion through seamless customer experience

Brand refresh is geared towards positioning the brand to empower individuals, businesses and the...

View More
Equity Bank Rwanda Scoops Top Honours at The Banker’s Bank of the Year Awards 2020

The Bank emerged top in class for clearly exhibiting a strong fiscal performance in the financial...

View More
Equity Bolsters its Support to Small and Medium Sized Enterprises in Kenya, Uganda, Rwanda & DRC with USD 75 Million (Kshs 8.25 Billion) Women Guarantee Fund with African Guarantee Fund (AGF)

The African Guarantee Fund (AGF) and Equity Group Holdings Plc have signed an agreement which will...

View More
Equity Group Holdings Plans Trans-Africa Expansion with USD $100 Million (Ksh 11 Billion) Loan from the African Development Bank (AfDB)

Equity Group Holdings (EGH) has signed a USD $100 million loan (Ksh 11 Billion) facility to support...

View More
Equity Bank Rwanda launches new Agri-lending Products, targeting thousands of smallholder farmers and agribusinesses.

Equity Bank Rwanda is pleased to announce the launch of new loan products for the agriculture sector...

View More
EQUITY BANK RWANDA UNVEILS EAZZYFX, AN ELECTRONIC CHANNEL FOR SETTLING FOREX TRANSACTIONS

The new platform will give customers the freedom to execute forex requirements in real time in a...

View More
EQUITY BANK RWANDA LAUNCHES NEW BRANCH IN KIMIRONKO

The new branch will serve as an advisory centre for retail consumers, SMEs and corporates as well as...

View More
Equity receives double International Standards Certification on IT Service and Information Security Management Systems

Equity Bank Kenya Limited has received two International Standards Certifications - ISO 20000 and...

View More
Equity Bank Rwanda launches convenient mobile Payment solution dubbed Pay with Equity, Fasta Fasta

The innovative solution allows customers to make seamless mobile payment and transfer services for...

View More
Equity Bank Rwanda extends its social impact contribution by launching its signature education and leadership development program, the Equity Leaders Program (ELP)

Equity Bank Rwanda Plc will champion socio-economic prosperity with several social impact programs...

View More
Service finder
Equity Bank is Regulated by Central Bank