PUTTING WOMEN’S FINANCIAL INCLUSION FIRST: Finance Trust Bank’s 2021 net profit grows 57 per cent

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Finance Trust Bank ‘s Board Chairperson, Dr. Evelyn Kahiigi is joined by the Bishop of Kapchorwa Diocese and the Town Clerk of Kapchorwa Municipality at a recent launch event of the Bank’s new Kapchorwa Branch in Eastern Uganda. Finance Trust bank operates a network of 34 Branches, including one in the hard-to-reach Kalangala Islands. 70% of the bank’s branches are in rural areas. The bank currently serves over 500,000 savers and over 29,000 borrowers and 51% of the bank’s customer base are women and or women-owned businesses and groups. PHOTO/Courtesy

Finance Trust Bank, has today released its 2021 financial performance results, reporting yet another year of strong growth. According to the results, the bank, despite a challenging 2021, registered double-digit growth in most of its business fundamentals. As a result, the bank set new record highs in its 9-year history since it was granted a commercial banking license in 2013. Net profit after tax grew by 57% from UGX5.8 billion in 2020 to UGX 9.16 billion in 2021— the highest ever. This was on the back of equally strong growth in total income— by 23%, from UGX75.2 billion to UGX92.6…

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