credit institutions Archives

Finance Trust Bank becomes a Tier II Credit Institution: 10 things you must know

Muhereza KyamuteteraBanking & Financial Services The Big StoryFebruary 5, 2026February 8, 2026

To begin with, the licence downgrade was not the result of weak performance or regulatory distress. Rather, it stemmed from structural shifts in Uganda’s banking regulatory framework. In recent years,…

Finance Trust Bank Transition: What Will Change for Depositors and Borrowers

Paul MurungiBanking & Financial Services The Big StoryJanuary 29, 2026January 31, 2026

Finance Trust Bank has outlined the next phase of its operations after receiving approval from the Bank of Uganda to continue business under a Tier II Credit Institution licence, effective…

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

Paul MurungiBanking & Financial Services The Big StoryJanuary 29, 2026January 30, 2026

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…

Ugandan Banks harvest UGX 1.4 trillion in net profits as assets grow to UGX 53 trillion- Bank of Uganda data

Paul MurungiThe Big StoryNovember 14, 2024November 14, 2024

Latest data from Bank of Uganda (BOU) shows Ugandan banks and other supervised financial institutions, remain profitable and adequately capitalised following a surge in net-after-tax profit to UGX 1.4 trillion…