Top Finance Bank Uganda Limited

Top Finance Bank Limited (TFBL), is a credit institution (Tier II Financial Institution) in Uganda. It is licensed and supervised by the Bank of Uganda, the central bank and national banking regulator.[1]

Top Finance Bank Limited
TypePrivate
Founded2012
Headquarters3 Dundas Road,
Kololo, Kampala, Uganda
Key people
Brendah N. Mpanga
Chairperson
Michael Mande
Chief Executive Officer
WebsiteHomepage

Location

The headquarters of TFBUL are located at 4th Floor, Rwenzori Courts, Plot 2-4A, Nakasero Road 3, in the neighborhood of Nakasero, in Kampala, Uganda's capital and largest city.[2] The coordinates of the headquarters of this financial institution are 0°19'22.0"N, 32°35'44.0"E.[3]

Overview

Top Finance Bank Limited is a Tier II Financial Institution (MFI), licensed by the Bank of Uganda, the central bank and national banking regulator.[1] As a credit institution. The company is authorized to take in customer deposits and to establish savings accounts among other Banking Products. It is also authorized make collateralized and non-collateralized Financing to savings and non savings customers. [4]

History

This credit institution was founded in 2012. It was licensed in September 2014 by the Bank of Uganda.[5]

Ownership

From inception in 2012, the institution was privately owned by the founders, who trace ancestry to China.[6] In August 2022, Salaam African Bank, a commercial bank based in Djibouti, acquired Top Finance Bank at an undisclosed price. Salaam Bank also maintains subsidiaries in Kenya and maintains a representative office in Ethiopia.[4]

Branch network

The branch network of TFBL has included the following locations:[1]

  1. Rwenzori Courts Branch, Plot 2-4A, Nakasero Road, Ground Floor, Rwenzori Courts', Kampala. Main Branch

Governance and management

The Bank is directed by a six-person board of directors, chaired by Mr. Ibrahim M. Abdirahman.[7] Michael Mande, a technology professional, enthusiast and Career banker, serves as the Managing Director and Chief Executive Officer. He leads a team of ten senior managers, responsible for the day-to-day management of the institution's affairs.[8]

See also

References
  1. Bank of Uganda (30 September 2016). "Licensed Credit Institutions As At 30 September 2016" (PDF). Kampala: Bank of Uganda. Retrieved 10 March 2018.
  2. TFBL (10 March 2018). "Location of the Headquarters of Top Finance Bank Limited". Kampala: Top Finance Bank Limited (TFBL). Retrieved 10 March 2018.
  3. Google (10 March 2018). "Location of the Headquarters of Top Finance Bank Limited" (Map). Google Maps. Google. Retrieved 10 March 2018.
  4. Martin Luther Oketch (10 August 2022). "Djibouti-based bank acquires Top Finance". Daily Monitor. Kampala, Uganda. Retrieved 10 August 2022.
  5. Team S2S (2 September 2016). "Top Finance Trust Illegal". Kampala: Suburb2suburb.com. Retrieved 10 March 2018.
  6. Samuel Nabwiiso (18 June 2018). "Uganda: Chinese Finance Group Eyes Uganda Trade". East African Business Week via AllAfrica.com. Kampala, Uganda. Retrieved 10 March 2018.
  7. TFBUL (10 March 2018). "Top Finance Bank Limited: Board of Directors". Kampala: Top Finance Bank Limited (TFBUL). Retrieved 10 March 2018.
  8. TFBUL (10 March 2018). "Top Finance Bank Limited: Board of Directors". Kampala: Top Finance Bank Limited (TFBL). Retrieved 10 March 2018.

00°19′22″N 32°35′44″E

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