Finance Trust Bank
| Company type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1984 |
| Headquarters | Plot 121 & 115, Block 6, Finance Trust Building, Katwe, Kampala, Uganda |
Key people | Irene Muloni Chairperson Annet Nakawunde Mulindwa Chief Executive Officer[1] |
| Products | Loans, Savings |
| Revenue |  Aftertax:US$619,300+ (UGX:1.53 billion) (2012)[2] |
| Total assets | US$36.4 million (UGX:91 billion) (2013) |
Number of employees | 312 (2010) |
| Website | Homepage |
Finance Trust Bank (FTB), commonly called Finance Trust, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.[3]
Location
The headquarters of FTB 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.
History
FTB was founded in 1984 as Uganda Women's Finance Trust Limited (UWFTL). The objective was to provide financial services to low income people in Uganda, especially women. It was one of the oldest microfinance companies in the county.[4] Subsequently, the institution rebranded to Uganda Finance Trust Limited (UFTL), a Tier III Financial Institution, recognized as a Microfinance Deposit-taking Institution (MDI), 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.[5]
Overview
As of December 2013[update], the institution services nearly 230,000 deposit accounts, through a network of thirty-two interconnected branches, located in all regions of the country. The bank's total customer deposits are valued at about US$17.2 million (UGX:43 billion). The bank maintains about 25,000 loan accounts with a total loan portifolio of US$23.2 million (UGX:58 billion). Total bank assets at that time were valued at US$36.4 million (UGX:91 billion).[6]
Ownership
The stock ownership of the institution as of December 2011 is summarized in the table below:[7] The shareholding, as of December 2013, is not publicly known.
