Salaam Bank Uganda
| Company type | Private |
|---|---|
| Founded | 2012 |
| Headquarters | 3 Dundas Road, Kololo, Kampala, Uganda |
Key people | Brendah N. Mpanga Chairperson Michael Mande Chief Executive Officer |
| Website | Homepage |
Top Finance Bank Limited (TFBL), is a credit institution (Tier II Financial Institution) in Uganda. It is licensed and supervised by the Bank of Uganda, the central bank and national banking regulator.[1]
Location
The headquarters of TFBUL are located at 4th Floor, Rwenzori Courts, Plot 2-4A, Nakasero Road 3, in the neighborhood of Nakasero, in Kampala, Uganda's capital and largest city.[2] The coordinates of the headquarters of this financial institution are 0°19'22.0"N, 32°35'44.0"E.[3]
Overview
Top Finance Bank Limited is a Tier II Financial Institution (MFI), licensed by the Bank of Uganda, the central bank and national banking regulator.[1] As a credit institution. The company is authorized to take in customer deposits and to establish savings accounts among other Banking Products. It is also authorized make collateralized and non-collateralized Financing to savings and non savings customers. [4]
History
This credit institution was founded in 2012. It was licensed in September 2014 by the Bank of Uganda.[5]
Ownership
From inception in 2012, the institution was privately owned by the founders, who trace ancestry to China.[6] In August 2022, Salaam African Bank, a commercial bank based in Djibouti, acquired Top Finance Bank at an undisclosed price. Salaam Bank also maintains subsidiaries in Kenya and maintains a representative office in Ethiopia.[4]
Branch network
The branch network of TFBL has included the following locations:[1]
- Rwenzori Courts Branch, Plot 2-4A, Nakasero Road, Ground Floor, Rwenzori Courts', Kampala. Main Branch
Governance and management
The Bank is directed by a six-person board of directors, chaired by Mr. Ibrahim M. Abdirahman.[7] Michael Mande, a technology professional, enthusiast and Career banker, serves as the Managing Director and Chief Executive Officer. He leads a team of ten senior managers, responsible for the day-to-day management of the institution's affairs.[8]
See also
References
- ^ a b c Bank of Uganda (30 September 2016). "Licensed Credit Institutions As At 30 September 2016" (PDF). Kampala: Bank of Uganda. Retrieved 10 March 2018.
- ^ TFBL (10 March 2018). "Location of the Headquarters of Top Finance Bank Limited". Kampala: Top Finance Bank Limited (TFBL). Retrieved 10 March 2018.
- ^ "Location of the Headquarters of Top Finance Bank Limited" (Map). Google Maps. Retrieved 10 March 2018.
- ^ a b Martin Luther Oketch (10 August 2022). "Djibouti-based bank acquires Top Finance". Daily Monitor. Kampala, Uganda. Retrieved 10 August 2022.
- ^ Team S2S (2 September 2016). "Top Finance Trust Illegal". Kampala: Suburb2suburb.com. Retrieved 10 March 2018.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Samuel Nabwiiso (18 June 2018). "Uganda: Chinese Finance Group Eyes Uganda Trade". East African Business Week via AllAfrica.com. Kampala, Uganda. Retrieved 10 March 2018.
- ^ TFBUL (10 March 2018). "Top Finance Bank Limited: Board of Directors". Kampala: Top Finance Bank Limited (TFBUL). Retrieved 10 March 2018.
- ^ TFBUL (10 March 2018). "Top Finance Bank Limited: Board of Directors". Kampala: Top Finance Bank Limited (TFBL). Retrieved 10 March 2018.
External links
- Website of Top Finance Bank Limited
- Uganda: Top Finance Bank Uganda Acquired By Djibouti's SAB As of 9 August 2022.
