Dfcu Bank
Dfcu Bank launches MoMo Agent Loans Marketplace, expanding access and strengthening MTN Uganda’s agent network
Issued by: Arise Dfcu Bank has taken another bold step toward deepening financial inclusion and supporting enterprise growth in Uganda with the official launch on Monday of the MoMo Agent Loans Marketplace. Developed in partnership with MTN MoMo Uganda, this digital platform is designed to provide MTN mobile money (MoMo) agents with instant access to
Dfcu Bank
Dfcu profit weighed down by higher expenses
Dfcu Limited has reported its first annual fall in profits for the first half of the year in three years, due to increased operating expenses and provisions for bad loans at its largest subsidiary, Dfcu Bank
Dfcu Group
Dfcu profit soars 40% after bank releases loan loss reserves
Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income
Dfcu profit rebounds following drop in bad debt provisions
Prudent loan approach and lower bad debt provisions boost net profit at lender
Dfcu Bank
Kate Kiiza named Dfcu Bank executive director amid leadership overhaul
Leadership shifts continue at Dfcu Bank as Kate Kiiza takes on chief commercial officer role
Dfcu names new group and bank chairs
Dfcu Group has appointed experienced business executive Jimmy Mugerwa to chair the financial services company, while Winifred Tarinyeba-Kiryabwire will replace Mr Mugerwa as non-executive chair of Dfcu bank
Dfcu warns profit will be hit by loan provisions
Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
Profile: Mathias Katamba, chief executive of Dfcu Bank
Mathias Katamba was named as the chief executive designate of Dfcu Bank on 31 October and took over from Juma Kisaame, who had led the bank for over 11 years, in January 2019
Dfcu profit rebounds as revenues recover
Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company's results boosted further by a drop in operating expensesMore Dfcu Bank
20 March 2017
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.
13 February 2017
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.
30 January 2017
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).