DFCU Bank
| Public: USE: DFCU | |
| Industry | Financial Services |
| Founded | 1964 |
| Headquarters | 26 Kyaddondo Road Nakasero, Kampala, Uganda |
|
Key people
|
Elly Karuhanga Chairman Juma Kisaame Managing Director |
| Products | Loans, checking, savings, investments, debit cards, credit cards, mortgages |
| Revenue |
 Aftertax: US$11.07 million (UGX:37 billion) (2015) |
| Total assets | US$975) (30/01/2017) |
|
Number of employees
|
600+ (2014) |
| Website | www |
DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited and commonly known as DFCU, is a commercial bank in Uganda. It is a regulated financial institution and licensed by the Bank of Uganda, the central bank and national banking regulator.
As of January 2017, DFCU Bank was the second-largest commercial bank in Uganda, with total assets of US$975 million. At that time, only Stanbic Bank Uganda Limited had more assets. As of February 2017, DFCU Bank operated 66 branches and its ATM count numbered in excess of 100.
DFCU Bank was established in 1964 as the Development Finance Company of Uganda. DFCU acquired Global Trust Bank (GTB) in 2000, thereby transforming itself into a commercial bank.
On 25 July 2014, DFCU Bank acquired some of the assets and liabilities of the former GTB, a small retail financial institution that the Bank of Uganda had closed. The acquisition included all customer deposit accounts and all loan accounts. Those assets not taken over by DFCU "will be liquidated by Bank of Uganda". The former assets of GTB that DFCU acquired were valued at about UGX:73 billion.
On 27 January 2017, DFCU took over Crane Bank, which had been under the statutory management of the Bank Of Uganda because Crane's liabilities exceeded its assets. The acquisition included all customer deposit accounts and loan accounts.
The of DFCU Limited, the parent company of DFCU Bank, trades on the Uganda Securities Exchange, under the symbol "DFCU". As at February 2017 the major shareholders in the stock, are as depicted in the table below:
DFCU Bank is a subsidiary of DFCU Group.
With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern, and western Uganda. As of November 2014[update], the bank maintained 43 branches in Uganda. DFCU Bank has also announced plans to expand into the countries of Kenya, Tanzania, Rwanda, Burundi, and South Sudan. The branch network includes the following locations, arranged alphabetically: The list includes some branches of the now defunct GTB.
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Wikipedia