Finance Trust Bank (FTB), commonly called Finance Trust, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Uganda }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The sou ...

. It is licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Ba ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central b ...

and national banking regulator.

Location

The headquarters of FTB are located on Plot 121 & 115, Block 6, Finance Trust Building, Katwe, in the Central Division of

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...

, Uganda's capital city. The coordinates of the institution's headquarters are 0°18'08.0"N, 32°34'35.0"E (Latitude:0.302223; Longitude:32.576403).

History

FTB was founded in 1984 as Uganda Women's Finance Trust Limited. The objective was to provide financial services to low income people in Uganda, especially women. Sixty percent of the bank's customers are women. Subsequently, the institution rebranded to Uganda Finance Trust Limited, a Tier III financial institution, recognized as a microfinance deposit-taking institution under the supervision of the Bank of Uganda. On 11 November 2013, the Bank of Uganda granted the bank a full commercial banking license. The institution then rebranded to its current name.

Overview

As of 31 December 2021, FTB serviced over 500,000 savers and over 29,000 borrowers through a network of 34 interconnected branches, located in all regions of the country. The bank's total customer deposits were UGX:183.4 billion (US$51.8 million). At that time, the bank's total assets were valued at UGX:393.9 billion (approx. US$111.3 million), with shareholders' equity of UGX:61.2 billion (approx. US$17.29 million).

Ownership

The stock ownership of the institution as of May 2018 is summarized in the table below.

Branch network

As of April 2022, FTB maintained a network of 34 interconnected branches at the following locations: # Main Branch - Katwe Road, Katwe,

# Arua Branch - Arua # Bombo Road Branch - Bombo Road, Kampala # Busia Branch - Custom Road, Busia # Entebbe Branch - Kampala Road,

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. T ...

# Fort Portal Branch - Rukidi III Street,

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampa ...

# Gomba Branch - Kanoni,

Gomba District Gomba is a district in Central Uganda. Location Gomba District is bordered by Mubende District to the west and north, Mityana District to the northeast and Butambala District to the east. Kalungu District, Bukomansimbi District and Sembabul ...

# Iganga Branch - Main Street,

Iganga Iganga is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Iganga District. Location Iganga is located in Uganda's Busoga sub-region. It lies approximately , by road, northeast of the c ...

# Ishaka Branch - Rukungiri Road,

Ishaka Ishaka is a town in the Western Region of Uganda. It is one of the municipalities in Bushenyi District. Location Ishaka is located in Igara County, in Bushenyi District, approximately , by road, west of Mbarara, the largest city in the sub-regio ...

# Jinja Branch - Iganga Road, Jinja # Kalangala Branch -

Kalangala Kalangala is a town in Kalangala District in the Central Region of Uganda. It is the headquarters of the district. Location Kalangala is on the northern shore of Bugala Island, the largest of the Ssese Islands in Lake Victoria. It is approxi ...

# Kaleerwe Branch -

Kaleerwe Kaleerwe is a neighborhood within Kampala, Uganda's capital and largest city. Kaleerwe is a busy road-side marketplace, beyond which is a residential slum. Due to its relative low altitude, compared to the surrounding hills, and its proximity t ...

, Kampala # Kampala Road Branch - Kampala Road, Kampala # Kamuli Branch - Kitimbo Road,

Kamuli Kamuli is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial centre of Kamuli District, and the district headquarters are located there. The district is named after the town. Location Kamuli is ap ...

# Kamwenge Branch - Station Road,

Kamwenge Kamwenge is a town in the Western Region of Uganda. It is the site of the Kamwenge District headquarters. Location Kamwenge is approximately , by road, west of Kampala, Uganda's capital and largest city. This is approximately , by road, southe ...

# Kapchorwa Branch - 46 Kapchorwa Road,

Kapchorwa Kapchorwa is a town in the Eastern Region of Uganda. It is the main municipal, commercial, and administrative center of Kapchorwa District. Initially the present day Kapchorwa was known as the Sebei Region. Location The town of Kapchorwa is loca ...

# Kayunga Branch - Main Street,

Kayunga Kayunga is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Kayunga District. Location Kayunga is approximately northeast of Kampala, Uganda's capital and largest city, on an all-weath ...

# Kikuubo Branch - Nakivubo Road, Kampala # Kitintale Branch - Kitintale - Kampala # Kumi Branch - Ngora Road, Kumi # Lugazi Branch - Kampala-Jinja Highway,

Lugazi Lugazi is a town in the Buikwe District of the Central Region of Uganda. The town is also called "Kawolo", and the two names are interchangeably used by the local inhabitants. Location The town is on the Kampala-Jinja Highway, approximately ...

# Lwengo Branch - Mbiriizi, Lwengo District # Masaka Branch - Edward Avenue,

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equato ...

# Mbale Branch - Republic Street,

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capita ...

# Mbarara Branch - High Street,

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, ...

# Mukono Branch -

Kampala–Jinja Highway The Kampala–Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala–Jinja Road, it is a busy road, with several towns, trading centers and other points of interest along the way. As of ...

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# Nakivubo Branch - 30-32 Mackay Road, Freeman Foundation Building, Kampala # Nansana Branch - Hoima Road, Nansana # Nateete Branch - Masaka Road,

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the n ...

# Ntungamo Branch - Old Kabale Road,

Ntungamo Ntungamo is a town in the Western Region, Uganda, Western Region of Uganda. It is the largest town in Ntungamo District and the site of the district headquarters. Location Ntungamo is about , by road, southwest of the city of Mbarara, the larges ...

# Owino Branch - Kafumbe Mukasa Road, Kampala # Pallisa Branch - Kasodo Road, Pallisa # Soroti Branch - Solot Avenue,

Soroti Soroti is a city in Eastern Region of Uganda. It is the main City, commercial, and administrative center in curved out of Soroti District, one of the nine administrative districts in the Teso sub-region. Soroti City was immediately approved ...

# Tororo Branch - Bazaar Street, Tororo

Governance

Evelyn Kigozi Kahiigi is the chairperson of the board of directors. She is one of the non-executive directors of the bank. There are ten other board members, including Annet Nakawunde Mulindwa, the managing director, and Annette Kiggundu is the only other executive director on the board.

References

External links

Finance Trust Bank Homepage
{{coord, 00, 18, 08, N, 32, 34, 35, E, display=title Banks of Uganda Banks established in 1984 1984 establishments in Uganda Companies based in Kampala