Finance Trust Bank

The headquarters of FTB are located at TWED Plaza, Lumumba Avenue, Nakasero, in the Central Division of Kampala, Uganda's capital city. The coordinates of the institution's headquarters are 0°19'18.0"N 32°34'35.0"E (Latitude:0.321667; Longitude:32.576389).{{google maps|

url=https://www.google.com/maps/place/0%C2%B019'18.0%22N+32%C2%B034'35.0%22E/@0.3215556,32.5764018,18.86z/data=!4m4!3m3!8m2!3d0.3216667!4d32.5763889?entry=ttu | title=Location of the Headquarters of Finance Trust Bank |access-date=10 January 2024}}

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.{{cite web |title=Trust Finance Bank About Us |work=Trust Finance Bank | url=https://www.financetrust.co.ug/about-us |date=14 November 2016 |access-date=14 November 2016 |author=Finance Trust Bank |location=Kampala, Uganda}}{{cite web| title=Uganda: Finance Trust, MTN, Airtel in Mobile Money Deal |date=11 December 2016 |url=http://allafrica.com/stories/201512111330.html |work=The Observer (Uganda) via AllAfrica.com |author=Justus Lyatuu |access-date=17 August 2017 | location=Kampala, Uganda}} Sixty percent of the bank's customers are women.{{cite web|url=https://www.oikocredit.org.uk/what-we-do/partners/partner-detail/11190/finance-trust-bank |title=Finance Trust Bank: Banking Services for Women |access-date=18 August 2017 |date=31 July 2017 |work=Oikocredit | author=Oikocredit |location=London, United Kingdom}} 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.{{cite web | date=21 February 2011 | access-date=14 November 2016 |title=Banks advised to embrace technology |

work=New Vision |author=David Ssempijja |location=Kampala, Uganda | url=http://www.newvision.co.ug/new_vision/news/1015992/banks-advised-embrace-technology}} On 11 November 2013, the Bank of Uganda granted the bank a full commercial banking license. The institution then rebranded to its current name.{{cite web | newspaper=New Vision |date=22 December 2013 |author=David Mugabe | url=http://www.newvision.co.ug/new_vision/news/1335927/banking-remains-attractive-finance-trust-entrant | title=Banking remains attractive with Finance Trust as latest entrant |access-date=14 November 2016 |location=Kampala, Uganda}}

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.{{cite web|url=https://www.ceo.co.ug/putting-womens-financial-inclusion-first-finance-trust-banks-2021-net-profit-grows-57-per-cent/ | title=Putting Women's Financial Inclusion First: Finance Trust Bank's 2021 Net Profit Grows 57 Per Cent |work=CEO Magazine Uganda |date=27 April 2022 |author=Muhereza Kyamutetera |access-date=28 April 2022 |location=Kampala, Uganda}} As of 31 December 2023, the bank's total assets were valued at UGX:465.47 billion (approx. US$126.6 million) with shareholders' equity of UGX:68.59 billion (approx. US$18.65 million).{{cite web| url= https://www.financetrust.co.ug/wp-content/uploads/2024/04/FTB_Summary_Financials_2023.pdf |title=Finance Trust Bank Summary Financial Statement For The Twelve Months Ending 31 December 2023 |date=25 April 2024 |work=Finance Trust Bank |access-date=9 September 2024 |author=Finance Trust Bank | location=Kampala, Uganda}}

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

|url=https://www.financetrust.co.ug/?/about/about.ftb

|title=Finance Trust Bank: OwnerShip and Capital Share

|date=28 May 2018 |publisher=Finance Trust Bank |location=Kampala |author=Finance Trust Bank |access-date=28 May 2018}}

In January 2024, Access Bank Group based in Nigeria agreed to acquire an 80 percent shareholding in Uganda's FTB. The deal involves the acquisition of shares of stock of existing institutional shareholders of FTB, followed by capital injection to increase FTB's capital base. The binding deal requires regulatory approval of the Central Bank of Nigeria, the Bank of Uganda and COMESA. Closure was expected in the first half of 2024.{{cite web|date=17 January 2024 | url=https://www.thecable.ng/access-bank-to-acquire-80-stake-in-finance-trust-bank-in-uganda |title=Access Bank To Acquire 80 Percent Stake In Finance Trust Bank |work=TheCable |author=Busora Aro |access-date=18 January 2024 |location=Lagos, Nigeria}}{{cite web| work=New Vision |

url=https://www.newvision.co.ug/category/business/access-bank-to-acquire-majority-stake-in-fina-NV_179081/ |author=New Vision |title=Access Bank To Acquire Majority Stake In Finance Trust Bank |date=18 January 2024 |access-date=18 January 2024 | location=Kampala, Uganda}}

COMESA approved the deal in May 2024. After the transaction is fully approved, the shareholding in the new Access Bank Uganda is expected to be as illustrated in the table below.{{cite web|url=https://www.ceo.co.ug/comesa-clears-finance-trust-bank-acquisition-and-merger-with-nigerias-access-bank/ |title=COMESA Clears Finance Trust Bank Acquisition And Merger With Nigeria's Access Bank |date=19 May 2024 |work=CEO Magazine Uganda |author=Paul Murungi |access-date=17 November 2024 |location=Kampala, Uganda}}

As of April 2022, FTB maintained a network of 34 interconnected branches at the following locations:{{cite web| url=https://www.financetrust.co.ug/about-us/branch-network/ | title=Branch Network of Finance Trust Bank |work=Finance Trust Bank |date=28 April 2022 |author=Finance Trust Bank |

access-date=28 April 2022 |location=Kampala, Uganda}}

1. Head Office - Twed Plaza, Lumumba Avenue
2. Katwe Branch Kampala-Entebbe Road, Katwe, Kampala
3. Arua Branch - Arua
4. Bombo Road Branch - Bombo Road, Kampala
5. Busia Branch - Custom Road, Busia
6. Entebbe Branch - Kampala Road, Entebbe
7. Fort Portal Branch - Rukidi III Street, Fort Portal
8. Gomba Branch - Kanoni, Gomba District
9. Iganga Branch - Main Street, Iganga
10. Ishaka Branch - Rukungiri Road, Ishaka
11. Jinja Branch - Iganga Road, Jinja
12. Kalangala Branch - Kalangala
13. Kaleerwe Branch - Kaleerwe, Kampala
14. Kampala Road Branch - Kampala Road, Kampala
15. Kamuli Branch - Kitimbo Road, Kamuli
16. Kamwenge Branch - Station Road, Kamwenge
17. Kapchorwa Branch - 46 Kapchorwa Road, Kapchorwa
18. Kayunga Branch - Main Street, Kayunga
19. Kikuubo Branch - Nakivubo Road, Kampala
20. Kitintale Branch - Kitintale - Kampala
21. Kumi Branch - Ngora Road, Kumi
22. Lugazi Branch - Kampala-Jinja Highway, Lugazi
23. Lwengo Branch - Mbiriizi, Lwengo District
24. Masaka Branch - Edward Avenue, Masaka
25. Mbale Branch - Republic Street, Mbale
26. Mbarara Branch - High Street, Mbarara
27. Mukono Branch - Kampala–Jinja Highway, Mukono
28. Nakivubo Branch - 30-32 Mackay Road, Freeman Foundation Building, Kampala
29. Nansana Branch - Hoima Road, Nansana
30. Nateete Branch - Masaka Road, Nateete
31. Ntungamo Branch - Old Kabale Road, Ntungamo
32. Owino Branch - Kafumbe Mukasa Road, Kampala
33. Pallisa Branch - Kasodo Road, Pallisa
34. Soroti Branch - Solot Avenue, Soroti
35. Tororo Branch - Bazaar Street, Tororo

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.{{cite web| url=https://www.financetrust.co.ug/about-us/board-of-directors/ |title=Finance Trust Bank: About Us: Board of Directors |work=Finance Trust Bank |date=28 April 2022 | author=Finance Trust Bank |access-date=28 April 2022 | place=Kampala}}

• List of banks in Africa
• List of banks in Uganda

{{reflist}}

• [http://www.financetrust.co.ug Finance Trust Bank homepage]
• [https://www.ceo.co.ug/comesa-clears-finance-trust-bank-acquisition-and-merger-with-nigerias-access-bank/ COMESA Clears Finance Trust Bank Acquisition And Merger With Nigeria's Access Bank]
• [https://www.theafricareport.com/370427/yes-we-are-interested-in-standard-chartereds-assets-in-botswana-uganda-and-zambia-says-access-bank-ceo/ Access Bank CEO Ogbonna ‘interested’ in Standard Chartered assets in Botswana, Uganda, others]

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{{Kampala District}}

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Category:Banks of Uganda

Category:Banks established in 1984

Category:1984 establishments in Uganda

Category:Companies based in Kampala

Category:Ugandan brands