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 a regulated financial institution and licensed by the Bank of Uganda, the central bank and national banking regulator.
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 February 2017, DFCU Bank operated 66 branches and its ATM count numbered in excess of 100.
History
DFCU Bank was established in 1964 as the Development Finance Company of Uganda. DFCU acquired Global Trust Bank (GTB) in 2000, thereby transforming itself into a commercial bank.
On 25 July 2014, DFCU Bank acquired some of the assets and liabilities of the former GTB, 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 GTB 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 at February 2017 the major shareholders in the stock, are as depicted in the table below:
DFCU Bank is a subsidiary of DFCU Group.
Branch network
With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern, and western Uganda. As of November 2014, the bank maintained 43 branches in Uganda. DFCU Bank has also announced plans to expand into the countries of Kenya, Tanzania, Rwanda, Burundi, and South Sudan. The branch network includes the following locations, arranged alphabetically: The list includes some branches of the now defunct GTB.
- Abim Branch - 8 Lira-Kotido Road, Abim
- Acacia Branch - 24 Acacia Avenue, Kololo, Kampala
- Agago Branch - Agago
- Arua Branch - 6 Hospital Road, Arua
- Ben Kiwanuka Branch - Ben Kiwanuka Street, Kampala
- Bugoloobi Branch - Kagga House, 2 Bandali Rise, Bugoloobi, Kampala
- Bwaise Branch - 975-976 Sir Apollo Kaggwa Road, Bwaise, Kampala
- Crown House Branch - Crown House, 4A-6 Kampala Road, Kampala
- Dokolo Branch - Bata Road, Dokolo
- Elegu Branch - Elegu, Guluâ€"Nimule Road, Amuru District
- Entebbe Road Branch - Freedom City Mall, Namasuba, Kampala
- Gulu Branch - 3 Princess Road, Gulu
- Hoima Branch - Kasangaki Building, 58 Main Street, Hoima
- Impala House Branch - Impala House, 13 Kimathi Avenue, Kampala
- Ishaka Branch - 45 Ishaka-Rukungiri Road, Ishaka
- Isingiro Branch - 36, Kikagate Road, Isingiro
- Jinja Branch - 10 Lady Alice Muloki Road, Jinja
- Kampala Road Branch - Sun City Plaza, 17 Wilson Road, Kampala
- Kawempe Branch - Kampala-Gulu Highway, Kawempe, Kampala
- Kikuubo Branch - 4 Nakivubo Road, Kampala
- Kitgum Branch - 19 Janan Luwum Street, Kitgum
- Kyaggwe Road Branch - First Floor, Nabugabo Business Centre, Kyaggwe Road, Kampala
- Lira Branch - 4 Soroti Road, Lira
- Lugogo Branch - Lugogo Mall, Lugogo Bypass Road, Kampala
- Main Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala
- Makerere Branch - 45 Pool Road, Makerere University Campus
- Market Street Branch - Aponye City Mall, 8 Burton Street, Kampala
- Masaka Branch - 22 Kampala Road, Masaka
- Mbale Branch - 2 Court Road, Mbale
- Mbarara Branch - 73 High Street, Mbarara
- Mukono Branch - 21 Colline Village, Mukono
- Mutukula Branch - 69 Customs Building, Mutukula
- Naalya Branch - Quality Shopping Mall, Naalya
- Nakivubo Branch - Unit 7, 1418 Nakivubo Place, Kampala
- Nateete Branch - 757 Wakaliga, Nateete, Kampala
- Ndeeba Branch - 224 Masaka Road, Ndeeba, Kampala
- Nsambya Branch - Ggaba Road, Nsambya, Kampala
- Ntinda Branch - Capital Shoppers City, Ntinda Road, Ntinda, Kampala
- Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala
- Pader Branch - 8 Lagwai Zone B, Pader
- Paidha Branch - 21 Nebbi- Arua Road, Paidha
- Pallisa Branch - 8 Kasodo Road, Pallisa
- Tororo Branch - 9&11 Mbale Road, Tororo
- William Street Branch - 8 William Street, Kampala
- Wilson Lane Branch - Wilson Lane, Kampala
DFCU House
DFCU Group has built a new headquarters building, which also houses the main branch of DFCU Bank. The building is often referred to as DFCU House and rises ten stories high. 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
External links
- DFCU Group
- DFCU Financial Performance in 2009