The Bank of Uganda (BoU) has authorised Finance Trust Bank Limited to transition from a Tier I Commercial Bank licence to a Tier II Credit Institution licence, effective 01 April 2026.

In a public notice issued on 29 January 2026, the central bank said Finance Trust Bank has been granted a three-month transition period from 01 January 2026 to 31 March 2026 to enable a smooth change in its operations.

“Finance Trust Bank Limited has been authorised to transition from a Tier | Commercial Bank License to a Tier II Credit Institution License effective 01 April 2026,” the Bank of Uganda said.

According to the regulator, the transition period will allow the bank to make the necessary operational adjustments while ensuring continuity of services to customers.

“Finance Trust Bank has been granted a transition period of three (3) months from 01 January 2026 to 31 March 2026, during which it will make adequate arrangements to phase out products and processes that require a Tier I Commercial Bank License. This is intended to ensure a smooth service transition for its customers and to mitigate any disruption to financial sector stability,” the notice reads.

The Bank of Uganda said the change in licence status follows a strategic decision by the bank’s leadership.

“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,” BoU said.

The central bank further reassured the public that the institution meets the regulatory requirements for its new licence category.

“Finance Trust Bank is adequately capitalized and meets the minimum capital requirements for a Tier II License,” the statement added.

Bank of Uganda emphasised its commitment to safeguarding the stability of the financial system throughout the transition.

“Bank of Uganda reassures the public that it remains committed to ensuring the stability of the financial system,” the regulator said.

The notice was signed by Kenneth Egesa, Director Communications, Bank of Uganda.

Members of the public seeking further clarification were advised to contact the Director Communications and Public Relations, Bank of Uganda, through the official telephone and email channels provided in the notice.