DTB Uganda bids farewell to former MD Thambi

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DTB Uganda bids farewell to former MD Thambi
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Diamond Trust Bank (DTB) Uganda, has said goodbye to their former Managing Director, Varghese Thambi, after  spending 17 years with the bank.

During a farewell dinner at Kampala Serena Hotel, the bank celebrated Thambi's long and successful career in banking, especially his time with DTB in Uganda.

Joining DTB in 2007, Thambi was commended by Michael Atingi-Ego, the Deputy Governor of the Bank of Uganda, for his role in growing the bank from just three branches to 37 across the country as well as

The Deputy Governor, also lauded Thambi for introducing innovative digital and remittance solutions to enhance customer accessibility and convenience.

“Under his leadership, DTB achieved remarkable growth, expanding its branch network from three branches to 37 nationwide. The bank opened three cash collection centers, 56 ATMs, 22 deposit collection machines, and a network of 939 bank agents,” he said, Tuesday, during the farewell dinner at the Kampala Serena hotel.

Despite facing challenges like the global financial crisis and the COVID-19 pandemic, Thambi's leadership helped the bank grow by adding new branches and introducing digital services to make banking easier for customers.

Atingi-Ego noted that Thambi's leadership led to growth in the bank's assets, deposits, and profits.

At the event, Godfrey Sebaana was introduced as the new CEO and MD of the bank, succeeding Thambi.

In his remarks, Sebaana promised to continue the bank's growth and develop new products to meet customer needs in Uganda and beyond.

Thambi thanked the DTB Uganda Board, staff, and regulators for their support during his tenure, highlighting the hard work and dedication of his team.

"The DTB staff are a wonderful group of vibrant, talented, dedicated, connected, and active team, who work, without looking at the clock. Working with all of you has been one of the most fulfilling experiences of my career,” he said.

He also mentioned the partnerships he built with important organizations like the Uganda Revenue Authority, making it easier for customers to access services.

Thambi oversaw the growth of the bank's workforce from 60 to over 680 employees, the majority of whom are Ugandan. He also played a key role in introducing ATM technology to Uganda in 2007, making it more convenient for customers to access their money.

His farewell marked the end of a successful career that spanned over four decades, shaping the future of banking in Uganda.

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