The Bank of Uganda (BoU) has granted a licence to Finance Trust Bank Limited to operate as a Tier II Credit Institution.
The licence follows a decision by Finance Trust Bank’s Board of Directors to adopt a strategic shift aimed at repositioning the institution to better serve its core customer base.
“Finance Trust Bank has been authorised to transition from a Tier I Commercial Bank licence to a Tier II Credit Institution licence, effective April 1, 2026,” said Kenneth Egesa, Director of Communications at the Bank of Uganda.
BoU has granted the bank a three-month transition period from January 1, 2026, to March 31, 2026, during which Finance Trust Bank will make the necessary arrangements to phase out products and processes that require a Tier I Commercial Bank licence.
The transition is intended to ensure a smooth continuation of services for customers and to minimise any potential disruption to the stability of the financial sector.
“Finance Trust Bank is adequately capitalised and meets the minimum capital requirements for a Tier II licence. Bank of Uganda reassures the public of its continued commitment to ensuring the stability of the financial system,” Egesa said.
