Wed . 18 Sep 2018

DFCU Bank

dfcu bank, dfcu bank uganda kampala
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 licensed by the Bank of Uganda, the central bank and national banking regulator

Contents

  • 1 Overview
  • 2 History
  • 3 Ownership and affiliation
  • 4 Branch network
  • 5 DFCU House
  • 6 See also
  • 7 References

Overview

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 30 June 2017, DFCU Bank operated 67 branches and 100 automated teller machines

History

DFCU Bank was established in 1964 as the Development Finance Company of Uganda In 2000, DFCU acquired Gold Trust Bank, thereby transforming itself into a commercial bank

On 25 July 2014, DFCU Bank acquired some of the assets and liabilities of the former Global Trust Bank, 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 Global Trust Bank 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

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 October 2017, the major shareholders in the stock were:

DFCU Bank Stock Ownership
Rank Name of Owner Percentage Ownership
1 Arise BV 5871
2 CDC Group of the United Kingdom 997
3 National Social Security Fund Uganda 769
4 Kimberlite Frontier Africa Naster Fund 615
5 Two undisclosed Institutional Investors 322
6 SSB-Conrad N Hilton Foundation 098
7 Vanderbilt University 087
8 Blakeney Management 063
9 Bank of Uganda Staff Retirement Benefits Scheme 059
10 Retail investors 1119
Total 10000
  • 1 DFCU Bank is a subsidiary of DFCU Group
  • 2 Arise BV is a special purpose vehicle company, formed in 2016 and co-owned by Norfund, FMO and Rabobank Arise invests in African financial institutions

Branch network

With its headquarters in Kampala, DFCU Bank had branches in central, eastern, northern, and western Uganda As of July 2017, the bank maintained 68 branches in Uganda The branch network included the following locations, arranged alphabetically: The list includes some branches of the defunct Crane Bank

  1. Abayita Ababiri Branch - 688/893, Block 438, Entebbe Road, Abayita Ababiri
  2. Abim Branch - 8 Lira-Kotido Road, Abim
  3. Acacia Branch - 24 Acacia Avenue, Kololo, Kampala
  4. Agago Branch - 1 Odok Road, Agago Town Council
  5. Arua Branch - KKT Centre, 16/22 Duka Road, Arua
  6. Ben Kiwanuka Branch 1 - Hidar Plaza, Ben Kiwanuka Street, Kampala
  7. Ben Kiwanuka Branch 2 - Sun City Plaza, 17 Ben Kiwanuka Street, Kampala
  8. Bugoloobi Branch - Kagga House, 2 Bandali Rise, Bugoloobi, Kampala
  9. Busia Branch - 101 & 103 Customs Road, Busia
  10. Bwaise Branch - 975-976 Sir Apollo Kaggwa Road, Bwaise, Kampala
  11. Dokolo Branch - Akeidebe Zone, Bata Road, Dokolo
  12. Elegu Branch - Gulu–Nimule Road, Elegu
  13. Entebbe Town Branch - 22 Kampala Road, Entebbe
  14. Entebbe Road Branch - Freedom City Mall, Namasuba, Kampala
  15. Gulu Branch - 1 Doctor Lucile Road, Gulu
  16. Gulu University Branch - DFI Block, University Avenue, Gulu University campus, Gulu
  17. Hoima Branch - Kasangaki Building, 58 Main Street, Hoima
  18. Ibanda Branch - 52 – 54 Rushere Road, Ibanda
  19. Iganga Branch - 80 & 82 Main Street, Iganga
  20. Impala House Branch - Impala House, 13 Kimathi Avenue, Kampala
  21. Ishaka Branch - 45 Ishaka-Rukungiri Road, Ishaka
  22. Isingiro Branch - 36 Kikagate Road, Isingiro
  23. IUIU Branch - Islamic University in Uganda campus, Mbale
  24. Jinja Branch - 10 Lady Alice Muloki Road, Jinja
  25. Jinja Road Branch - Crane Chambers, 38 Jinja Road, Kampala
  26. Kabale Branch - 143/145 Kabale Road, Kabale
  27. Kampala Road Branch - Crown House, 4A Kampala Road, Kampala
  28. Kawempe Branch - Kampala-Gulu Highway, Kawempe, Kampala
  29. Kikuubo Branch 1 - Sisa Arcade, 4 Nakivubo Road, Kampala
  30. Kikuubo Branch 2 - Nambusi Mariam Arcade, 18 Nakivubo Road, Kampala
  31. Kireka Branch - 106 Jinja Road, Kireka
  32. Kisekka Branch - Kisekka Market, 70 – 76 Nakivubo Road, Kampala
  33. Kisoro Branch - 65/75 North Ward, Kisoro
  34. Kitgum Branch - 19 Janan Luwum Street, Kitgum
  35. Kyaggwe Road Branch - 1st Floor, Nabugabo Business Centre, Kyaggwe Road, Kampala
  36. Kyengera Branch - 60/61, Block 333, Masaka Road, Kyengera
  37. Kyadondo Road Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala Main Branch
  38. Kyambogo Branch - 48/50, Mukabya Road, Kyambogo, Kampala
  39. Kyambogo University Branch - Kyambogo University, Kyambogo, Kampala
  40. Lira Branch - 4 Soroti Road, Lira
  41. Lugogo Branch - Lugogo Mall, Lugogo Bypass Road, Lugogo
  42. Luweero Branch - 846 Kampala-Gulu Highway, Luweero
  43. Lyantonde Branch - Lyantonde
  44. Makerere Branch - 45 Pool Road, Makerere University campus, Kampala
  45. Market Street Branch - Aponye City Mall, 8 Burton Street, Kampala
  46. Masaka Branch - 22 Kampala Road, Masaka
  47. Mbale Branch - 2 Court Road, Mbale
  48. Mbarara Branch - 73 High Street, Mbarara
  49. Mukono Branch - 18/20 Jinja Road, Mukono
  50. Naalya Branch - Quality Shopping Mall, Naalya
  51. Nakivubo Branch 1 Gagawala Shauliyako, 40A, Nakivubo Place, Kampala
  52. Nakivubo Branch 2 - 26/27 Nakivubo Road, Kampala
  53. Nateete Branch - 757 Wakaliga, Nateete, Kampala
  54. Ndeeba Branch - 224 Masaka Road, Ndeeba, Kampala
  55. Nsambya Branch - 1207 Ggaba Road, Nsambya, Kampala
  56. Ntinda Branch 1 - Capital Shoppers City, Ntinda Road, Ntinda, Kampala
  57. Ntinda Branch 2 - 1B Ntinda Road, Ntinda, Kampala
  58. Ntungamo Branch - 18 Old Kabale Road, Ntungamo
  59. Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala
  60. Pader Branch - 8 Lagwai Zone B, Pader
  61. Pallisa Branch - 8 Kasodo Road, Pallisa
  62. Royal Plaza Branch - 35 Luwum Street, Kampala
  63. Rushere Branch - 52 – 54 Rushere Road, Rushere
  64. Sixth Street Branch - 165 6th Street, Industrial Area, Kampala
  65. Soroti Branch - 38 Gweri Road, Soroti
  66. Tororo Branch - 9 & 11 Mbale Road, Tororo
  67. William Street Branch - 66 William Street, Kampala
  68. Wilson Lane Branch - 17 Wilson Lane, Kampala

DFCU House

DFCU Group 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

  • Banking in Uganda
  • List of banks in Uganda
  • List of tallest buildings in Kampala

References

  1. ^ Muhumuza, Mark Keith 25 March 2016 "Nonperforming loans affect DFCU Bank performance - Managing Director" Daily Monitor Kampala Retrieved 25 March 2016 
  2. ^ a b Mark Keith Muhumuza, and Jonathan Adengo 30 January 2017 "Crane Bank acquisition: What next for DFCU" The East African Nairobi Retrieved 1 May 2017 
  3. ^ Mwesigwa, Alon 25 June 2014 "Uganda: DFCU Shareholders to Raise Red Flags At Annual AGM" The Observer Uganda via AllAfricacom Retrieved 23 January 2015 
  4. ^ BOU 31 March 2017 "List of Licensed Commercial Banks As At 31 March 2017" PDF Kampala: Bank of Uganda BOU Retrieved 12 July 2017 
  5. ^ a b Mark Keith Muhumuza, and Jonathan Adengo 1 February 2017 "Dfcu closes 23 Crane Bank branches" Daily Monitor Kampala Retrieved 1 May 2017 
  6. ^ The Independent August 15, 2017 "DFCU Bank posts Sh114 billion net profit in first 6 months" The Independent Uganda Kampala Retrieved 15 March 2018 
  7. ^ DFCU 4 July 2015 "DFCU Group: Who We Are" Kampala: DFCU Group Retrieved 4 July 2015 
  8. ^ National, News 25 July 2014 "Global Trust Bank Shut Down" Daily Monitor Retrieved 25 July 2014 
  9. ^ Edgar Angumya, and Alon Mwesigwa 27 July 2014 "Uganda: Gold Trust Bank Loses Battle As DFCU Takes Over" The Observer Uganda via AllAfricacom Retrieved 29 July 2014 
  10. ^ "UPDATE 1-Uganda's Crane Bank assets, liabilities transferred to dfcu - central bank" Reuters 27 January 2017 Retrieved 27 January 2017 
  11. ^ Busuulwa, Bernard 16 October 2017 "Ugandan bank fails to sell all shares in mixed trade" The EastAfrican Nairobi Retrieved 16 October 2017 
  12. ^ USE 12 July 2017 "DFCU Profile At Uganda Securities Exchange Website" Kampala: Uganda Securities Exchange USE Archived from the original on 15 April 2014 Retrieved 12 July 2017 
  13. ^ Staff Writer 14 February 2017 "Europe's Arise BV hits ground running with CAL Bank acquisition" Asokoinsightcom Retrieved 16 October 2017 
  14. ^ DFCU 12 July 2017 "Branch Network of DFCU Bank In July 2017" Kampala: DFCU Group DFCU Retrieved 12 July 2017 
  15. ^ Kaujju, Peter 10 February 2005 "Dfcu Bank Opens Branch On Acacia Avenue" New Vision Kampala Retrieved 12 July 2017 
  16. ^ Sanya, Wilfred 17 November 2009 "Isingiro District Gets First Bank" New Vision Kampala Retrieved 12 July 2017 
  17. ^ Ssejjoba, Eddie 20 August 2009 "Dfcu in Jinja" New Vision Kampala Retrieved 12 July 2017 
  18. ^ DFCU 28 April 2016 "Welcome to DFCU Kyadondo Road Branch" PDF Kampala: DFCU Group DFCU Retrieved 28 April 2016 
  19. ^ Sanya, Wilfred 26 January 2009 "DFCU Bank opens branch in Mbarara, focuses on regional expansion" New Vision Retrieved 12 July 2017 
  20. ^ "Kampala: Introducing the DFCU House" Symbion Group Plc Retrieved 30 April 2014 

dfcu bank, dfcu bank address, dfcu bank credit union, dfcu bank hours, dfcu bank jobs, dfcu bank uganda click banking, dfcu bank uganda jobs, dfcu bank uganda kampala, dfcu bank uganda online banking, dfcu bank uganda website


DFCU Bank Information about



  • user icon

    DFCU Bank beatiful post thanks!

    29.10.2014


DFCU Bank
DFCU Bank
DFCU Bank viewing the topic.
DFCU Bank what, DFCU Bank who, DFCU Bank explanation

There are excerpts from wikipedia on this article and video

Random Posts

Amorphous metal

Amorphous metal

An amorphous metal also known as metallic glass or glassy metal is a solid metallic material, usuall...
Arthur Lake (bishop)

Arthur Lake (bishop)

Arthur Lake September 1569 – 4 May 1626 was Bishop of Bath and Wells and a translator of the King Ja...
John Hawkins (author)

John Hawkins (author)

Sir John Hawkins 29 March 1719 – 21 May 1789 was an English author and friend of Dr Samuel Johnson a...
McDonnell Douglas MD-12

McDonnell Douglas MD-12

The McDonnell Douglas MD-12 was an aircraft design study undertaken by the McDonnell Douglas company...