DFCU Bank

DFCU Bank

Type	Public USE:DFCU
Industry	Financial Services
Founded	1964
Headquarters	2 Jinja Road, Kampala, Uganda
Key people	Juma Kisaame Managing Director
Products	Loans, checking, savings, investments, debit cards, credit cards, mortgages
Revenue	:Aftertax: US$10 million (UGX:23 billion) (2010)
Total assets	US$348.7 million (UGX:802 billion) (2010)[1]
Employees	384 (2008)
Website	Homepage

DFCU Bank, commonly known as DFCU, but whose full name is Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is one of the regulated financial institutions, licensed by the Bank of Uganda, the Central Bank and national banking regulator.^[2]

History

DFCU Bank was established in 1964 as a development finance company; Development Finance Company of Uganda. The institution transformed into a commercial bank in 2005. DFCU Bank is a major player in the financial sector, with an estimated asset base of US$347.4+ million (UGX:802 billion) as of December 2010^[update], representing about 7% of all bank assets in Uganda.^[3]

DFCU Bank ownership

DFCU Bank is a subsidiary of DFCU Group, which includes the following companies: ^[4]

• DFCU Limited
• DFCU Bank
• DFCU Leasing Limited
• Rwenzori Properties Limited
• Nakasero Properties Limited

DFCU Limited is the holding company and is listed on the Uganda Securities Exchange, where it trades, under the symbol DFCU.^[5]

DFCU Group ownership

As of December 2010^[update], DFCU Group stock was owned by the following corporate entities and individuals:^[6]

DFCU Group Stock Ownership

Rank Name of owner Percentage ownership 1 CDC Group Plc. 60.02 2 Norfund 10.06 3 National Social Security Fund (Uganda) 5.93 4 Investec Asset Management Fund Africa 4.34 5 Investec Asset Management Pan Africa Fund 2.73 6 Investec Asset Management 1.14 7 Central Bank of Kenya Pension Fund 0.76 8 Pine Bridge Sub Saharan Africa Equity Master Fund 0.65 9 Dyer & Blair Investment Bank 0.63 10 Bank of Uganda Staff Retirement Fund 0.58 14 Nearly 3,800 Other Investors 13.16 Total 100.00 Branch network With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern and western Uganda. As of May 2011, the bank had opened a total of twenty-seven (27) branches in Uganda. The bank has also announced plans to expand into the East African Countries of Kenya, Tanzania, Rwanda, Burundi and Southern Sudan. The bank's branch network includes the following locations, arranged alphabetically:[7] Abim Branch - Abim Acacia Branch - Acacia Avenue, Kololo, Kampala Arua Branch - Arua Bugoloobi Branch - Bugoloobi, Kampala Dokolo Branch - Dokolo[8] Gulu Branch - Gulu Hoima Branch - Hoima Impala House Branch - Impala House, Kampala Isingiro Branch - Isingiro[9] Jinja Branch - Jinja[10] Jinja Road Branch - Jinja Road, Kampala Main Branch Kampala City Hall Branch - Kampala Capital City Authority Complex Kawempe Branch - Kawempe, Kampala Kikuubo Branch - Kikuubo Arcade, Kampala[11] Kitgum Branch - Kitgum Lira Branch - Lira Lugogo Branch - Lugogo Mall, Kampala Makerere Branch - Makerere University Campus Market Street Branch - Market Street, Kampala Masaka Branch - Masaka Mbale Branch - Mbale Mbarara Branch - Mbarara[12] Ndeeba Branch - Ndeeba, Kampala Nsambya Branch - Nsambya, Kampala William Street Branch - William Street, Kampala Owino Market Branch - St. Balikuddembe Market, Kampala Pader Branch - Pader External links DFCU Group DFCU Financial Performance in 2009 See also DFCU Group Banking in Uganda List of banks in Uganda References ^ Total Assets of DFCU Bank As of 31 December 2010 (2010 -12-31)[//en.wikipedia.org/w/index.php?title=DFCU_Bank&action=edit [update]] ^ List of Licensed Commercial Banks In Uganda ^ Asset Valuation of DFCU In December 2010 ^ Members of DFCU Group ^ Uganda Securities Exchange Website ^ Shareholding In DFCU Stock ^ DFCU Bank Branch Network ^ DFCU Bank Maintains Branch in Dokolo ^ DFCU Bank Opens Branch in Isingiro ^ DFCU Opened Jinja Branch in August 2009 ^ DFCU Bank Maintains Branch At Kikuubo Arcade ^ DFCU Bank Opens Branch I8n Mbarara