Mbale, Uganda | THE INDEPENDENT | As part of its commitment to bolster small and medium enterprises, Diamond Trust Bank inaugurated its 37th branch at Sino Uganda Industrial Park today (Feb. 13). Executives highlighted that this strategic move aims to bolster local manufacturing for import substitution and stimulate regional exports.
Speaking at the opening, DTB Uganda’s Managing Director Varghese Thambi explained: “We are delighted to open a branch inside the Uganda Sino Industrial Area Park today and offer our customers a more convenient banking experience. “We appreciate the people of Mbale and the eastern region at large for utilizing our service at our old branch on Bishop Wasike Road. We have seen an increasing demand for the extension of services to your working spaces. That is one of the reasons we are opening this branch.”
Jane Kabbale, the Chairperson of the Board Audit Committee of DTB said, “DTB’s growing network of branches represents its ongoing commitment to be closer to customers and providing them with easy and affordable products and a touch of service excellence.”
She urged Ugandans to embrace banking as a channel of financial inclusion, wealth accumulation, and investment. She expressed DTB Uganda’s Board commitment to innovations for the best banking solutions in Uganda.
The new locations will offer extensive products and services to customers including personal and business accounts, loans, supply chain financing, mortgages, cards, and investment options.
Customers will also be able to access their accounts and perform banking transactions through the Bank’s digital channels while visiting the branch locations for personalized services.
DTB has had a presence in the eastern region since 2008 with branches in Jinja, Busia, Malaba, and Mbale.
Through the years DTB has impacted on businesses and lives of Ugandans through banking services and corporate social responsibility initiatives.
In partnership with the Ministry of Finance and the Ministry of Local Government through the Parish Development Model (PDM), DTB has impacted over 6,000 livelihoods through financial literacy engagements and other initiatives.
DTB’s Head of Marketing and Communication Samuel Matekha Shikhongola, said opening the second branch in Mbale means the lender is an intermediary for development – connecting individuals in need of financial services in the region.
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