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Dfcu posts record profit with Crane Bank deal boost
Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
March 29, 2018
Markets
Dfcu’s Shs200bn rights issue 95.21% subscribed
Dfcu Limited, the holding company of Dfcu Bank, raised Shs190.6bn in a rights offering to settle a shareholder loan
October 5, 2017
Companies
Markets
Dfcu to raise Shs200bn in rights issue
Dfcu Limited, the holding company of dfcu Bank, announced Monday that it expects to raise Shs200 billion by selling new shares in a rights issue to settle a shareholder loan
September 4, 2017
Companies
Corporate earnings and results
Dfcu gets profit boost from Crane Bank acquisition
The first financials released by Dfcu Bank since its acquisition of Crane Bank this January show a rapid rise in the bank's profits and asset base
August 15, 2017
Markets
Mergers & Acquisitions
Dfcu has a new majority shareholder after South Africa-based Arise takes stake
Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
April 19, 2017
Corporate earnings and results
Dfcu Bank profits up 25% in 2016
Dfcu Bank Limited increased after-tax profit by 25% to Shs46.3 billion in the year to December 2016 despite a tumultuous year for the banking sector, according to summary financials released on Tuesday.
March 21, 2017
Companies
Dfcu ends lay-offs, to offer contracts to former Crane Bank employees
Dfcu Bank will offer new contracts to former Crane Bank employees left over from the integration of the two lenders, a memo sent to staff on Monday said. The new contracts will become effective on 1 April.
March 20, 2017
Companies
South Africa-based fund Arise lends $50 million to dfcu
Arise, an investment company based in Cape Town, is lending $50 million to dfcu Bank to help cover short-term capitalisation of the lender, weeks after it purchased the insolvent Crane Bank.
February 13, 2017
Top 100 Taxpayers
Company profile: Dfcu Group & Dfcu Bank
Dfcu became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. But it had operated in Uganda since 1964, when it was set up by the Uganda government and the UK's Commonwealth Development Corporation (CDC).
January 30, 2017
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