The aim of Equity Bank Uganda is to make banking accessible to all Ugandans. In an effort to reach out to more people with financial services, Equity Bank Uganda has made banking easy and simple. It has abolished opening balances, and minimum operating balances. This means that anyone can now open and maintain a bank account. The bank has also abolished account monthly maintenance fee and ledger fees in its endeavor to encourage people to save. Equity Bank (Uganda) was created in 2008 when the Equity Bank Group purchased Uganda Microfinance Limited, a Ugandan microfinance company. UML was founded in 1997 as UMU. Description from Mixmarket