Uganda: Finance Trust Bank Downgrades to Credit Institution

Uganda: Finance Trust Bank Downgrades to Credit Institution

The Bank of Uganda has approved a change in the operating status of Finance Trust Bank Limited, allowing the lender to downgrade from a commercial bank to a credit institution effective April 1, 2026.

BoU clears Finance Trust Bank to downgrade to Tier II credit institution

Finance Trust Bank in 2024 sold more than 80 percent shares to Access Bank Group Kampala, Uganda | THE INDEPENDENT | Finance Trust Bank will transition from a Tier I commercial bank to a Tier II credit institution effective April 1, following approval by the Bank of Uganda (BoU). The downgrade from a Tier I commercial bank to a Tier II credit institution followed a strategic decision by its board. The move aligns with tighter capital requirement…

Finance Trust Bank to Transition to Credit Institution Status

The Bank of Uganda (BoU) has announced that Finance Trust Bank Limited has been authorised to transition from a Tier I Commercial Bank licence to a Tier II Credit Institution licence, effective April 1, 2026. In a public notice issued on Thursday, the central bank said Finance Trust Bank has been granted a three-month transition period, running from January 1 to March 31, 2026, to make the necessary adjustments. During this period, the bank will…

Finance Trust Bank Downgrades To A Tier II Credit Institution, To Drop Some Products After Failing To Meet Shs150bn Minimum Capital Requirement » Business Focus

Annet Mulindwa Nakawunde, the Finance Trust Bank Managing Director/FTB Photo Finance Trust Bank Limited has transitioned from a Tier I Commercial Bank License to a Tier II Credit Institution License effective 01 April 2026 after failing to meet the Shs150bn minimum capital requirement, Business Focus reports. In a statement dated 29 January 2026, Bank of Uganda says Finance Trust Bank has been granted a transition period of three (3) months from…

Finance Trust Bank to surrender commercial license for Tier II status

Finance Trust Bank has applied to surrender its Tier I commercial license in favor of Tier II status effective April 1. The move follows a Bank of Uganda notice as the lender shifts its strategy to meet revised capital requirements while maintaining core credit and deposit services. KAMPALA, Uganda — Finance Trust Bank has officially applied to surrender its commercial banking license in favor of a Tier II credit institution status, joining a gr…

Bank of Uganda Approves Finance Trust Bank's Application to Downgrade to a Credit Institution

The Bank of Uganda (BoU) has approved the transition of Finance Trust Bank Limited from a Tier I commercial banking licence to a Tier II credit institution licence, marking the latest adjustment within Uganda’s regulated financial services sector. In a public notice issued on January 29, 2026, the central bank informed the general public that Finance Trust Bank has been authorised to change its licence status, with the new Tier II licence taking…