KAMPALA, UGANDA: Finance Trust Bank (FTB) has unveiled the institution’s new Head Office as part of its celebrations on the 38th-anniversary mark.
The bank’s new Head Office and Corporate Branch was opened on Friday 16th December 2022 at TWED Plaza, Lumumba Avenue in Nakasero – Kampala, marking a shift from the bank’s headquarters in Katwe, a city suburb.
The ceremony that highlighted the launch of the new FTB head office was attended by the Bank’s board members, senior management, staff, invited guests and the media.
Mrs Anne Nakawunde, the Managing Director FTB in her remarks said that the unveiling of a corporate branch is a strategic move to reposition the bank for its next phase of growth.
“The decision to relocate our head offices is right because what you used to be microfinance customers have since grown to be corporates and they now deserve the service of being corporates,” Ms Nakawunde said, noting that, the previous location had turned inaccessible for the regulator, customers, and bank shareholders.
Ms Nakawunde also reported that Finance Trust Bank is one of the most profitable commercial banks in Uganda with a large network of 35 branches including one in Kalangala islands.
“Finance Trust Bank (FTB) has a large branch network of 35 branches (including Kalangala) serving over 500,000 customers countrywide. The bank currently serves over 500,000 savers and 29,000 borrowers,” she said.
The MD further revealed that FTB’s goal is to be the bank of choice while efficiently delivering a range of highly competitive financial services to their customers, especially women.
In her remarks, Dr Evelyn Kigozi Kahiigi, Board Chairperson, stated, “From a small NGO to a successful commercial bank of 38 years, today we take pride in this significant milestone that the bank has attained.”
Mr. Tumubweine Twinemanzi, Executive Director, Bank Supervision Directorate of the Bank of Uganda who presided over the ceremony as the Chief Guest lauded the bank’s effort over the past 38 years and congratulated the Board & Management on making this daring bold move that speaks to the strategic decision of where you want to go next as a bank.
“I want to commend the management and the board for taking this institution from where you did to where it is today. It’s a demonstration of a certain level of fortitude that is rarely seen these days,” Dr. Twinemanzi said. But he warned that the bigger journey is ahead.
Dr Twinemanzi also urged the bank to pay close attention to the risks associated with relying on technology to provide services.
About Finance Trust Bank
Founded in 1984 as Uganda Women’s Finance Trust Limited, the Bank’s objective was to provide financial services to low-income people in Uganda, especially women. The bank, which serves over 500,000 customers to date says of sixty percent (60%) of these are women despite opening its doors to everyone since rebranding its name to Finance Trust Bank Limited in 2013 to accommodate all age groups and genders.
FTB has a broad range of financial solutions that they’re currently offering their customers. These include; Loans & deposit accounts, money transfer services, utility bills collection & insurance services to small and medium-income people, companies, SMEs, institutions, & net-worth individuals.
The banks’ core clients are in the lower pyramid of the economic strata and inclined to serve women who are emerging rural entrepreneurs and enterprising urbanites as individuals or saving groups.
To see more photos of the grand opening of Finance Trust Bank’s new Head office, check out this awesome thread on their official Twitter Account.
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