Uganda Finance Trust Limited
|Headquarters||Plot 121 & 115, Block 6,
Finance Trust Building,
Katwe, Kampala, Uganda
|Key people||Irene Muloni
Annet Nakawunde Mulindwa
Chief Executive Officer
|Revenue||Aftertax:US$626,100+ (UGX:1.53 billion) (2011)|
|Total assets||US$22.1 million (UGX:54 billion) (2011)|
Uganda Finance Trust Limited (UFTL), commonly called Finance Trust, is a Microfinance Institution (MDI) in Uganda. It is licensed as a Deposit-taking Microfinance institution by the Bank of Uganda, the national banking regulator.
The headquarters of UFTL are located on Plot 121 & 115, Block 6, Finance Trust Building, Katwe, in the central business district of Kampala, Uganda's capital city. The coordinates of the institution's headquarters are: Latitude:0.3020; Longitude:32.5765.
Uganda Finance Trust Limited, is licensed and supervised by the Bank of Uganda, Uganda's Central Bank, as a Tier III Financial Institution. It is recognised as a Microfinance Deposit-taking Institution (MDI). As of December 2010[update], the institution services nearly 160,000 deposit accounts, through a network of twenty-eight interconnected branches, located in all regions of the country. The average savings account is valued at US$62 and the total amount of deposits is just under US$9.65 million. UFTL maintains nearly 22,900 loan accounts with an average loan size of US$650 and a total loan portifolio of US$14.7 million. Total Assets at the end of 2010 were valued at US$21.4 million. The company's December 2011 financial statement valued the total assets of UFTL at US$22.1 (UGX:54 billion), with shareholders' equity of approximately US$3.7 million (UGX: 9 billion). In September 2011, Ugandan print media reported that UFTL had received a Tier-I banking licence from the Bank of Uganda and had 12 months from then, to transform into a commercial bank.
The products offered by UFTL include:
- Savings Accounts
- Fixed Deposit Accounts
- Business Loans
- Salary Loans
- School Fees Loans
- Money Transfer Services - Offered through MoneyGram International Inc..
The stock ownership of the institution is summarized in the table below: