Wikipedia / DFCU Bank
Wikipedia / DFCU Bank
DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator.
Overview
As of December 2022, DFCU Bank had total assets of UGX:3.283 trillion (US$893.78 million), and shareholders' equity of UGX:614.5 billion (US$167.3 million).
As of 30 June 2017, DFCU Bank operated 67 branches and 100 automated teller machines. As of 31 December 2024, the bank's total assets had increased to UGX:3.4 trillion (US$934.6 million). In calendar year 2024, the bank realized profit after tax (PAT) of UGX72 billion (US$19.8 million).
History
The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited and eventually to dfcu Limited. In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became DFCU Bank.
In July 2014, the BoU transferred to DFCU Bank the customer deposits of the Global Trust Bank, a small retail financial institution that the BoU had closed because it never became commercially viable. The deposits were valued at UGX:73 billion.
On 27 January 2017, DFCU Bank took over Crane Bank, which had been under the statutory management of the BoU because Crane's liabilities exceeded its assets. The acquisition included all customer deposit accounts and some loan accounts.
Ownership and affiliation
The stock of DFCU Limited, the parent company of DFCU Bank, trades on the Uganda Securities Exchange under the symbol "DFCU". As of December 2018, the major shareholders in the stock were as outlined in the table below:
DFCU Bank is a subsidiary of DFCU Limited.
Arise BV is a special purpose vehicle company, formed in 2016 and co-owned by Norfund, the Netherlands Development Finance Company, and Rabobank. Arise invests in African financial institutions.
In July 2018, the New Vision newspaper in Uganda reported that CDC Group had indicated its desire to exit the investment.
Branch network
With its headquarters in Kampala, DFCU Bank had the following branches in all areas of Uganda as of April 2020. In February 2020, the bank relocated 15 of its branches to new premises, as listed below.
Sixth Street Branch: Ramzam Motors Building, Plot 116/118, Sixth Street, Industrial Area, Kampala
Abayita Ababiri Branch: S&S Mall, Plot. 863, Nkumba
Abim Branch: 8 Lira-Kotido Road, Abim
Bugoloobi Branch: Kagga House, 2 Bandali Rise, Bugoloobi, Kampala
Bwaise Branch: 975-976 Sir Apollo Kaggwa Road, Bwaise, Kampala
Entebbe Road Branch: Freedom City Mall, Namasuba, Kampala
Impala House Branch: Impala House, 13 Kimathi Avenue, Kampala
Jinja Road Branch: Victoria University Towers, 38 Jinja Road, Kampala
Kampala Road Branch: Plot. 40, Kampala Road, Kampala
Sun City Branch: Sun City Plaza, 17 Ben Kiwanuka Street, Kampala
Kawempe Branch: Kampala-Gulu Highway, Kawempe, Kampala
Kikuubo Branch: Ddembe Plaza, Nakivubo Road, Kampala
Kireka Branch: Isabella Plaza, Plot. 395, Kireka
Kisekka Branch: Kisekka Market, 70 – 76 Nakivubo Road, Kampala
Kyadondo Road Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala (main branch)
Kyambogo University Branch: Kyambogo University, Kyambogo, Kampala
Kyambogo Branch: 48/50, Mukabya Road, Kyambogo, Kampala
Lugogo Branch: Lugogo Mall, Lugogo Bypass Road, Lugogo, Kampala
Makerere Branch: 45 Pool Road, Makerere University Campus, Kampala
Market Street Branch: Aponye City Mall, 8 Burton Street, Kampala
Naalya Branch: Quality Shopping Mall, Naalya
Nakivubo Branch (Gagawala Shauliyako): 40A, Nakivubo Place, Kampala
Acacia Branch: 24 Acacia Avenue, Kololo, Kampala
Agago Branch: 1 Odok Road, Agago Town Council
Arua Branch: OB Plaza, Plot. 9 & 11, Adumi Road, Arua
Busia Branch: 101 & 103 Customs Road, Busia, Uganda
Dokolo Branch: Akeidebe Zone, Bata Road, Dokolo
Entebbe Town Branch: 22 Kampala Road, Entebbe
Gulu Branch: 1 Doctor Lucile Road, Gulu
Gulu University Branch: DFI Block, University Avenue, Gulu University Campus, Gulu
Hoima Branch: Plot. 36, Main Street, Main Street, Hoima
Ibanda Branch: Plot. 82, Kamwenge Road, Ibanda
Iganga Branch: 80 & 82 Main Street, Iganga
Ishaka Branch: 45 Ishaka-Rukungiri Road, Ishaka
Isingiro Branch: 36 Kikagate Road, Isingiro
IUIU Branch: Islamic University in Uganda Campus, Mbale
Jinja Branch: Plot. 10 Scindia/Lady Alice Muloki Road, Jinja
Kabale Branch: 143/145 Kabale Road, Kabale
Kisoro Branch: 65/75 North Ward, Kisoro
Kitgum Branch: 19 Janan Luwum Street, Kitgum
Kyengera Branch: Kyengera Shell Service Station, Masaka Road, Kyengera
Luweero Branch: 846 Kampala–Gulu Highway, Luweero
Luwum Street Branch: Kizito Towers, Luwum Street, Kampala
Lyantonde Branch: Plot. 226, Block. 76, Lyantonde
Masaka Branch: 22 Kampala Road, Masaka
Mbale Branch: 2 Court Road, Mbale
Mbarara Branch: Plot. 14, Masaka–Mbarara Road, Mbarara
Mukono Branch: 18/20 Jinja Road, Mukono
Nateete Branch: 757 Wakaliga, Nateete, Kampala
Ndeeba Branch: 224 Masaka Road, Ndeeba, Kampala
Nsambya Branch: 1207 Ggaba Road, Nsambya, Kampala
Ntinda Branch 1: Capital Shoppers City, Ntinda Road, Ntinda, Kampala
Ntinda Branch 2: Plot. 1615 Tuskys Supermarket Building, Ntinda–Bukoto Road, Ntinda, Kampala
Ntungamo Branch: 18 Old Kabale Road, Ntungamo
Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala
Pader Branch: 8 Lagwai Zone B, Pader
Pallisa Branch: 8 Kasodo Road, Pallisa
Rushere Branch: 52–54 Rushere Road, Rushere
Soroti Branch: Jovi House, Plot. 47 Gweri Road, Soroti
Tororo Branch: 9 & 11 Mbale Road, Tororo
William Street Branch: 66 William Street, Kampala
Wilson Lane Branch: 17 Wilson Lane, Kampala
DFCU House
DFCU Limited has built a ten-story headquarters building that also houses the main branch of DFCU Bank. The building is often referred to as DFCU House. Located at 26 Kyaddondo Road, on Nakasero Hill, in Kampala's central business district, the development has underground and surface parking, as well as rentable, retail, and office space on several levels.
See also
References
External links