Finance Trust Bank’s Downgrade Approved

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Finance Trust Bank will move from a Tier One commercial bank to a Tier Two credit institution on April 1, 2026, after the Bank of Uganda approved the change. The downgrade follows the central bank’s increase of minimum capital requirements for commercial banks from Shs 25 billion to Shs 150 billion. The bank said the shift will not affect 95% of its customers and will let it focus on microfinance and SME services.