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

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]

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. 1 2 3 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. 1 2 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.{{cite web}}: CS1 maint: numeric names: authors list (link)
  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 / 0.32278°N 32.59556°E / 0.32278; 32.59556

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