Finance Trust Bank facts for kids
| Private | |
| Industry | Financial services |
| Founded | 1984 |
| Headquarters | TWED Plaza, Lumumba Avenue, Nakasero, Kampala, Uganda |
|
Key people
|
Evelyn Kigozi Kahiigi Chairperson Annet Nakawunde Mulindwa CEO |
| Products | Loans, savings |
 (aftertax) UGX:3.73 billion (US$1.015 million) (2023) |
|
| Total assets | UGX:465.47 billion (US$126.6 million) (2023) |
|
Number of employees
|
878 (2022) |
Finance Trust Bank, often called FTB, is a bank in Uganda. It helps people and businesses with their money. The Bank of Uganda, which is like the main bank of the country, makes sure FTB follows all the rules.
Contents
Where is Finance Trust Bank Located?
FTB's main office is in Kampala, the capital city of Uganda. It's located at TWED Plaza on Lumumba Avenue in an area called Nakasero.
How Did Finance Trust Bank Start?
FTB began in 1984 as Uganda Women's Finance Trust Limited. Its main goal was to offer banking help to people with lower incomes in Uganda. They especially wanted to help women. Today, about 60% of the bank's customers are women.
Later, the bank changed its name to Uganda Finance Trust Limited. It became a special type of financial institution that could take deposits from customers. On November 11, 2013, the Bank of Uganda gave it a full license to be a commercial bank. That's when it became Finance Trust Bank.
What Does Finance Trust Bank Do?
By the end of 2021, FTB helped over 500,000 people save money. It also provided loans to more than 29,000 people and businesses. The bank has 34 branches connected across Uganda, reaching many different parts of the country.
As of December 31, 2023, the bank's total value was about 465.47 billion Ugandan Shillings. This is roughly 126.6 million US dollars.
Who Owns Finance Trust Bank?
Many different groups and companies own parts of Finance Trust Bank. Here's a look at who owned the bank in May 2018:
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | Uganda Womens Trust (Uganda) | 20.10 |
| 2 | Oikocredit Ecumenical Development Cooperative Society (Netherlands) | 19.60 |
| 3 | Progression Eastern African Micro Finance Equity Fund (Mauritius) | 18.30 |
| 4 | RIF North 1 (Mauritius) | 18.30 |
| 5 | Investment & Partner Afrique Entrepreneurs (Mauritius) | 14.20 |
| 6 | Ugandan Women Entrepreneurs (Uganda) | 9.50 |
| Total | 100.0 |
Changes in Ownership: Access Bank Group
In January 2024, a big bank from Nigeria called Access Bank Group decided to buy a large part of Finance Trust Bank. They agreed to buy 80% of the shares from the current owners. This deal also included putting more money into FTB to make it stronger.
The deal needed approval from the main banks in Nigeria and Uganda, and also from COMESA, a group of countries in Eastern and Southern Africa. COMESA approved the deal in May 2024.
After the deal was fully approved, the ownership of the new Access Bank Uganda changed. Here's how the ownership looked:
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | Access Bank Group |
|
| 2 | Uganda Womens Trust |
|
| 3 | Minority Shareholders |
|
| Total |
|
Where Are the Bank Branches?
As of April 2022, FTB had 34 branches across Uganda. Here are some of the places where you can find them:
- Head Office - Twed Plaza, Lumumba Avenue, Kampala
- Katwe Branch - Kampala-Entebbe Road, Katwe, Kampala
- Arua Branch - Arua
- Bombo Road Branch - Bombo Road, Kampala
- Busia Branch - Custom Road, Busia
- Entebbe Branch - Kampala Road, Entebbe
- Fort Portal Branch - Rukidi III Street, Fort Portal
- Gomba Branch - Kanoni, Gomba District
- Iganga Branch - Main Street, Iganga
- Ishaka Branch - Rukungiri Road, Ishaka
- Jinja Branch - Iganga Road, Jinja
- Kalangala Branch - Kalangala
- Kaleerwe Branch - Kaleerwe, Kampala
- Kampala Road Branch - Kampala Road, Kampala
- Kamuli Branch - Kitimbo Road, Kamuli
- Kamwenge Branch - Station Road, Kamwenge
- Kapchorwa Branch - 46 Kapchorwa Road, Kapchorwa
- Kayunga Branch - Main Street, Kayunga
- Kikuubo Branch - Nakivubo Road, Kampala
- Kitintale Branch - Kitintale - Kampala
- Kumi Branch - Ngora Road, Kumi
- Lugazi Branch - Kampala-Jinja Highway, Lugazi
- Lwengo Branch - Mbiriizi, Lwengo District
- Masaka Branch - Edward Avenue, Masaka
- Mbale Branch - Republic Street, Mbale
- Mbarara Branch - High Street, Mbarara
- Mukono Branch - Kampala–Jinja Highway, Mukono
- Nakivubo Branch - 30-32 Mackay Road, Freeman Foundation Building, Kampala
- Nansana Branch - Hoima Road, Nansana
- Nateete Branch - Masaka Road, Nateete
- Ntungamo Branch - Old Kabale Road, Ntungamo
- Owino Branch - Kafumbe Mukasa Road, Kampala
- Pallisa Branch - Kasodo Road, Pallisa
- Soroti Branch - Solot Avenue, Soroti
- Tororo Branch - Bazaar Street, Tororo
Who Leads Finance Trust Bank?
The person in charge of the board of directors is Evelyn Kigozi Kahiigi. She helps guide the bank but isn't involved in the day-to-day work. There are ten other people on the board. Annet Nakawunde Mulindwa is the managing director, which means she helps run the bank every day.
Learn More
- List of banks in Africa
- List of banks in Uganda
