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TodayWednesday, April 29, 2026

Varghese Thambi

Varghese Thambi (right) chats with Godfrey Sebaana, the incoming CEO at the former's 21st May 2024 farewell dinner. Thambi leaves DTBU after 17 years and 40-fold growth in the bank's assets.

How I grew Diamond Trust Bank Uganda by 40 times in 17 years⏤ Varghese Thambi’s Untold Story

It all started with a call from a recruitment agency executive. At the time, Thambi had spent 30 years in the banking industry, rising to become a Senior Vice President and Head
May 24, 2024
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Left-Right: Azim H. A. Kassam, the Chairman, Board Of Directors; Godfrey Sebaana, the new Managing Director/CEO and Varghese Thambi, the outgoing Managing Director/CEO

DTB Uganda rides on strong growth in lending to post UGX41 bn in net profit

Diamond Trust Bank Uganda has today released its annual performance results for 2023 reporting a steady double-digit growth across all major metrics such as deposits, customer lending and income, as well as
April 29, 2024
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Godfrey Sebaana is a seasoned Banker with over 20 years of multi-discipline banking experience that spans global and local corporates, SMEs and retail banking 3

Diamond Trust Bank Uganda names Godfrey Sebaana as its new CEO and Managing Director

The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has named Godfrey Sebaana, a seasoned banker with over twenty years of experience, as its new Chief Executive Officer and Managing
March 25, 2024
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Varghese Thambi, DTB Uganda's Managing Director & CEO. He has presided over the bank's robust growth into one of the country's top 20 banks.

2022 net profits at Diamond Trust Bank’s Ugandan unit grow 16.2% to UGX35.8 bn

Diamond Trust Bank Uganda, the Ugandan subsidiary of the Kenya-headquartered Diamond Trust Bank Group has released its 2022 financials reporting double-digit growth in deposits, lending, income, profits and assets. According to results
May 2, 2023
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General Caleb Akandwanaho, the Operation Wealth Creation Chief Coordinator (right) greets DTB Uganda CEO, Mr. Varghese Thambi (2nd left). With them is Mrs. Jane Kabbale, Non- Executive Director (left) and Mr. Hannington Wasswa, the Bank of Uganda Ag. Executive Director, Supervision.

DTB Uganda opens 36th branch at Kapeeka Liao Shen Industrial Park 

DTB Uganda, one of Uganda’s largest banks, has opened its 36th branch at the Kapeeka Liao Shen Industrial Park, with a promise to continue easing access to convenient banking, necessary for Uganda’s
January 18, 2023
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Mathias Katamba the outgoing UBA Chairman (2nd right), hands over the UBA 2021 Annual Report to the incoming Chairperson, Sarah Arapta (right).

Mathias Katamba’s term as Bankers’ Association Chairman ends on a high as Citibank’s Arapta elected the new chairperson

Members of the Uganda Bankers’ Association (UBA) held their Annual General Meeting on the 13th of May 2022 and elected Sarah Arapta, as the new Chairperson of the association’s Executive Committee. Arapta,
May 17, 2022
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Stanbic's Patrick Mweheire. In the four years he has spent at the bank, Mr Mweheire has presided over sustainable growth, keeping the lender is the lead as Uganda's largest bank by assets, lending, deposits, income and profitability.

Money men: The 8 gentlemen who control 77% of Uganda’s banking industry

Yes, they are all men. They are powerful. They run 8 of Uganda’s largest banks and they are paid handsomely too. The 8 CEOs are each paid on average a gross salary
May 6, 2019
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