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Bankers Hail Former DTB MD's Resilience Amidst Turbulence :: Uganda Radionetwork
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Bankers Hail Former DTB MD's Resilience Amidst Turbulence

Michael Atingi-Ego, the Deputy Governor Bank of Uganda said the MD's 17 years at the helm of the industry was marked by innovation and selfless dedication to excellence.
Deputy Governor Atingi-Ego (centre) with Outgoing DTB CEO Thambi and Sebaana, the incoming
The banking industry in Uganda has hailed Varghese Thambi, the former Managing Director of Diamond Trust Bank (DTB) Uganda as an example of resilience and Innovation, worth emulating.

Thambi has been replaced by Godfrey Sebaana, formerly Head Commercial, Corporate and Industrial Banking at Standard Chartered Bank Uganda.

At the farewell event for Thambi, held at the Kampala Serena Hotel, Michael Atingi-Ego, the Deputy Governor Bank of Uganda said the MD's 17 years at the helm of the industry was marked by innovation and selfless dedication to excellence.

This, among others, is the reason, that DTB has maintained its position as the preferred Government revenue agency through Uganda Revenue Authority, as low as utilities like Umeme and National Water and Sewerage Corporation.

The Deputy Governor also hailed DTB's remittance solution.

Under Thambi, DTB which has grown from one to 37 branches countrywide, has also maintained a top position regarding bancassurance, a platform hat allowed commercial banks to distribute insurance services and products.

The governor lauded Thambi for steering the bank through challenging times such as the global financial crisis and the COVID-19 pandemic strongly, an example of strength and resilience in leadership. The Uganda Bankers Association has also equally described Thambi's work methods as inspiring to the industry.

Earlier, Sarah Arapta, UBA Chairperson, cited the pace at which the bank has broken into the top players' list in such a short time, now boasting 37 branches, 56 ATMs, more than 900 agents and a workforce of 680, mostly women.

Sebaana, the new CEO and MD pledged to continue the bank's growth journey and enhance its product offerings to meet evolving customer needs. He said the board had agreed to the introduction of innovative products to help traders, manufacturers, and other bank customers, as the bank endeavors to deliver valued service.

In his farewell remarks, Thambi credited his success to his team which he said was innovative, dedicated and talented. 

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