Finance Trust Bank to Transition to Credit Institution in Strategic Overhaul
KAMPALA — 29 January 2026 — In a significant regulatory shift, Finance Trust Bank Limited has been authorized to convert from a Tier I Commercial Bank to a Tier II Credit Institution, effective 1 April 2026. The announcement was made today by the Bank of Uganda in an official public notice.
The central bank has granted a three-month transition period, from 1 January to 31 March 2026, to allow Finance Trust Bank to phase out products and processes that require a full commercial banking license. This period is intended to ensure a smooth shift for customers and to safeguard financial sector stability.
According to the notice, the change follows a strategic decision by the bank’s Board of Directors to reposition the institution to better serve its core customer base. The Bank of Uganda confirmed that Finance Trust Bank is “adequately capitalized” and meets all minimum capital requirements for the Tier II license.
“The change of status to a credit institution follows a decision by Finance Trust Bank’s Board of Directors, to adopt a strategic shift and reposition the institution to serve its core customer base better,” the statement read.
The Bank of Uganda moved to reassure the public of its commitment to maintaining the stability of the financial system throughout the transition.
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