Finance Trust Bank (FTB), commonly called Finance Trust, is a Tier II credit services company in Uganda. It was previously licensed as commercial bank by Bank of Uganda, the central bank and the national banking regulator of that country. The Bank of Uganda gave Finance Trust from 1 January 2026 until 31 March 2026 to transition from a Tier I commercial bank to a Tier II credit company, due to capitalization issues.

Location The headquarters of FTB are located at TWED Plaza, Lumumba Avenue, Nakasero, in the Central Division of Kampala, Uganda's capital city. The coordinates of the institution's headquarters are 0°19'18.0"N 32°34'35.0"E (Latitude:0.321667; Longitude:32.576389).

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. Sixty percent of the bank's customers are 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 31 December 2021, FTB serviced over 500,000 savers and over 29,000 borrowers through a network of 34 interconnected branches, located in all regions of the country. As of 31 December 2023, the bank's total assets were valued at UGX:465.47 billion (approx. US$126.6 million) with shareholders' equity of UGX:68.59 billion (approx. US$18.65 million). As of 31 December 2024, FTB had total assets worth UGX:551 billion (approx. US$158.081 million) with shareholders' equity of UGX:78.94 billion (approx. US$22,702,534). As of 31 December 2025, the bank had total assets of UGX:668 billion (US$180,483,980) with shareholders' equity of UGX:92.3 billion (US$24,938,130).

Ownership The stock ownership of the institution as of May 2018 is summarized in the table below.

+ Finance Trust Bank stock ownershipRank Name of ownerPercentage ownership1 Uganda Womens Trust (Uganda) 20.102 Oikocredit Ecumenical Development Cooperative Society (Netherlands) 19.603 Progression Eastern African Micro Finance Equity Fund (Mauritius) 18.304 RIF North 1 (Mauritius) 18.305 Investment & Partner Afrique Entrepreneurs (Mauritius) 14.206 Ugandan Women Entrepreneurs (Uganda) 9.50 Total100.0

Acquisition by Access Bank Group In January 2024, Access Bank Group based in Nigeria agreed to acquire an 80 percent shareholding in Uganda's FTB. The deal involves the acquisition of shares of stock of existing institutional shareholders of FTB, followed by capital injection to increase FTB's capital base. The binding deal requires regulatory approval of the Central Bank of Nigeria, the Bank of Uganda and COMESA. Closure was expected in the first half of 2024.

COMESA approved the deal in May 2024. After the transaction is fully approved, the shareholding in the new Access Bank Uganda is expected to be as illustrated in the table below.

+ Access Bank Uganda stock ownershipRank Name of ownerPercentage ownership1 Access Bank Group 2 Uganda Womens Trust 3 Minority Shareholders Total

The acquisition deal dragged on for more than two years and was postponed several times. Meantime FTB remained undercapitalized. Following the request of the board of FTB, the Bank of Uganda gave FTB from 1 January 2026 until 31 March 2026 to cease operating as a commercial bank and instead operate as a Tier II credit institution, whose capital requirements FTB met at that time.

Branch network As of April 2022, FTB maintained a network of 34 interconnected branches at the following locations: Head Office - Twed Plaza, Lumumba Avenue Katwe Branch Kampala-Entebbe Road, Katwe, Kampala Arua Branch - Arua Bombo Road Branch - Bombo Road, Kampala 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 Kaleerwe 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 Kikuubo Branch - Nakivubo Road, Kampala Kitintale Branch - Kitintale - Kampala Kumi Branch - Ngora Road, Kumi Lugazi Branch - Kampala-Jinja Highway, Lugazi Lwengo Branch - Mbiriizi, 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 Evelyn Kigozi Kahiigi is the chairperson of the board of directors. She is one of the non-executive directors of the bank. There are ten other board members, including Annet Nakawunde Mulindwa, the managing director. Annette Kiggundu is the only other executive director on the board.

See also List of banks in Africa List of banks in Uganda

References

External links Finance Trust Bank homepage COMESA Clears Finance Trust Bank Acquisition And Merger With Nigeria's Access Bank Access Bank CEO Ogbonna ‘interested’ in Standard Chartered assets in Botswana, Uganda, others