DFCU Bank is a commercial bank in Uganda that has become a key player in the banking industry in East Africa. With a focus on development and growth, the bank has been able to establish itself as a reliable and trusted financial institution.
Established in 1964 as the Development Finance Company of Uganda Limited, DFCU Bank has gone through a series of transformations to become what it is today. Over the years, the bank has been able to acquire other financial institutions, such as Gold Trust Bank and Global Trust Bank, which has helped to expand its reach and customer base.
DFCU Bank’s commitment to development is reflected in its services and products. The bank offers a range of financial solutions tailored to meet the needs of its diverse clientele, including individuals, businesses, institutions, and corporations. With 67 branches and 100 automated teller machines across Uganda, the bank has been able to provide financial services to people from all walks of life.
One of DFCU Bank’s key strengths is its ownership and affiliation. The bank is a subsidiary of DFCU Limited, whose major shareholders include Arise BV, Investment Fund for Developing Countries, and National Social Security Fund of Uganda. These stakeholders have played a significant role in the bank’s growth and development over the years.
DFCU Bank’s financial performance has been impressive, with total assets of UGX:3.442 trillion (US$939 million) as of 30 June 2020, and shareholders’ equity of UGX:599.65 billion (US$163.54 million). The bank’s commitment to growth and development has been reflected in its financial performance, with a steady increase in its total assets and shareholders’ equity over the years.
