Kampala, Uganda | THE INDEPENDENT | Finance Trust Bank is marking its 38th anniversary, and to crown it, the bank has moved its headquarters from the suburb of Katwe to TWED Plaza, Lumumba Avenue, Nakasero.
A ceremony highlighting the move was held on Friday —presided over by Tumubweine Twinemanzi, the executive director of supervision at the Bank of Uganda.
Annet Nakawunde, the bank’s managing director 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 be a microfinance customers have since grown to be corporates and they now deserve the service of being corporates,” Nakawunde said, noting that the
previous location had turned inaccessible for the regulator, customers, and bank shareholders.
— Finance Trust Bank Uganda (@financetrustug) December 16, 2022
She said the move symbolizes the bank’s determination to continuously improve its offering to the customers by ensuring that its products and services are accessible in a convenient environment.
Nakawunde 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.
The bank, which has been in existence since 1984 has supported the growth of women-led businesses and now serves over 500,000 savers and 29,000 borrowers countrywide.
On her part, Evelyn Kigozi Kahiigi, the Finance Trust Bank Board chairperson said the bank has introduced an array of alternate banking channels to enhance its products and service delivery whilst offering its customers greater convenience in banking.
Kigozi also reported that the bank has since invested in technological advancements such as alternative banking channels to safeguard emerging threats.
“We have implemented systems and controls through sound management practices to safeguard against cyber threats. We will continue to strengthen our resilience in relation to combating cyber threats,” Kigozi said, also announcing that board, is taking a keen interest in ensuring that the bank complies with the much sought-after Environmental, Social, and Governance (ESG) policies.
Twinemanzi said the change in the location was a bold move and commended the bank for taking advantage of the enabling environment and reforms created by the central bank to become one of the best commercial banks.