Products Loans, savings Number of employees 610 (2015) | Founded 1984 | |
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Key people Irene MulonichairpersonAnnet Nakawunde Mulindwachief executive officer Net income UGX:2.01 billion (2015)UGX:1.94 billion (2014) (2015) Total assets UGX:151.0 billion (2015)UGX:121.8 billion (2010) | ||
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.
Contents
Location
The headquarters of FTB are located on Plot 121 & 115, Block 6, Finance Trust Building, Katwe, in the Central Division of Kampala, Uganda's capital city. The coordinates of the institution's headquarters are 0°18'08.0"N, 32°34'35.0"E (Latitude:0.302223; Longitude:32.576403).
History
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. 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. On 11 November 2013, the Bank of Uganda granted the bank a full commercial banking license. The institution then rebranded to its current name.
Overview
As of December 2015, FTB serviced 353,452 deposit accounts through a network of 33 interconnected branches, located in all regions of the country. The bank's total customer deposits were UGX:78.4 billion. At that time, the bank maintained 28,424 loan accounts with a total loan portfolio of UGX:99.4 billion. Total bank assets at that time were about UGX:151 billion, with shareholders' equity of UGX:38 billion.
Ownership
The stock ownership of the institution as of December 2011 is summarized in the table below.
Branch network
As of December 2015, FTB maintained a network of 36 interconnected branches at the following locations:
- Main Branch - Katwe Road, Katwe, Kampala
- Arua Branch - Arua
- Bombo Road Branch - Bombo Road, Kampala
- Bugiri Branch - Grant Street, Bugiri
- 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
- Kalerwe 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
- Kijura Branch - Kijura sub-county, Kabarole District
- Kikuubo Branch - Nakivubo Road, Kampala
- Kitintale Branch - Kitintale - Kampala
- Kumi Branch - Ngora Road, Kumi
- Lugazi Branch - Kampala-Jinja Highway, Lugazi
- Lwengo Branch - Mabiriizi, 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
Governance
Irene Muloni is the chairperson of the board of directors. She is also the Minister of Energy, Oil and Mineral Development in the Ugandan cabinet. She is one of the non-executive directors of the bank. There are nine other board members, including Annet Nakawunde Mulindwa, the managing director, and Dennis Kakeeto, the only other executive director on the board.