DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Uganda }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The south ...

. It is licensed by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Bank ...

(BoU), Uganda's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

and national banking regulator.

Overview

As of December 2021, DFCU Bank had total assets of UGX:3.136 trillion (US$882.8 million), and shareholders' equity of UGX:594.03 billion (US$167.2 million). As of 30 June 2017, dfcu Bank operated 67 branches and 100

automated teller machines An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, f ...

. As of 30 June 2020, the bank's total assets had increased to UGX:3.442 trillion (US$939 million), with shareholders' equity of UGX:599.65 billion (US$163.54 million).

History

The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited and eventually to dfcu Limited. In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank. In July 2014, the BoU transferred to dfcu Bank the customer deposits of the Global Trust Bank, a small retail financial institution that the BoU had closed because it never became commercially viable. The deposits were valued at UGX:73 billion. On 27 January 2017, dfcu Bank took over

Crane Bank Crane Bank Limited is a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 millio ...

, which had been under the statutory management of the BoU because Crane's liabilities exceeded its assets. The acquisition included all customer deposit accounts and some loan accounts.

Ownership and affiliation

The

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of dfcu Limited, the parent company of dfcu Bank, trades on the

Uganda Securities Exchange The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's ...

under the symbol "DFCU". As of December 2018, the major shareholders in the stock were as outlined in the table below: *1. DFCU Bank is a subsidiary of DFCU Limited. *2. Arise BV is a special purpose vehicle company, formed in 2016 and co-owned by

Norfund Norfund is a development finance institution established by the Norwegian Storting (parliament) in 1997 and owned by the Norwegian Ministry of Foreign Affairs. The fund receives its investment capital from the state budget. Its head office is locat ...

, the

Netherlands Development Finance Company FMO ( nl, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.) is a Dutch development bank structured as a bilateral private-sector international financial institution based in the Hague, the Netherlands. FMO manages funds for the ...

, and

Rabobank Rabobank (; full name: ''Coöperatieve Rabobank U.A.'') is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. The group comprises 89 local Dutch Rabobanks (2019), a central organisation (Raboban ...

. Arise invests in African financial institutions. *3. In July 2018, the ''

New Vision The ''New Vision'' is a Ugandan English-language newspaper published daily in print form and online. Overview ''New Vision'' is one of two main national English-language newspapers in Uganda, the other being the '' Daily Monitor''. It is publ ...

'' newspaper in Uganda reported that CDC Group had indicated its desire to exit the investment.

Branch network

With its headquarters in Kampala, DFCU Bank had the following branches in all areas of Uganda as of April 2020. In February 2020, the bank relocated 15 of its branches to new premises, as listed below. # Sixth Street Branch: Ramzam Motors Building, Plot 116/118, Sixth Street, Industrial Area, Kampala # Abayita Ababiri Branch: S&S Mall, Plot. 863, Nkumba # Abim Branch: 8 Lira-Kotido Road, Abim # Bugoloobi Branch: Kagga House, 2 Bandali Rise,

Bugoloobi Bugoloobi sometimes spelled as Bugolobi though incorrect, is a location in Kampala, Uganda's capital and largest city. It is a suburban neighborhood and some of the most valuable properties in Kampala are found here. It is among the most develop ...

, Kampala # Bwaise Branch: 975-976 Sir Apollo Kaggwa Road,

Bwaise Bwaise is a neighborhood within Kampala, Uganda's capital, and largest city. Due to lack of proper urban planning, it has grown into a commercial, industrial and residential township with poor infrastructure. The lack of developed infrastructure ...

, Kampala # Entebbe Road Branch: Freedom City Mall, Namasuba, Kampala # Impala House Branch: Impala House, 13 Kimathi Avenue, Kampala # Jinja Road Branch: Victoria University Towers, 38 Jinja Road, Kampala # Kampala Road Branch: Plot. 40, Kampala Road,

Kampala Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and ...

# Sun City Branch: Sun City Plaza, 17 Ben Kiwanuka Street, Kampala # Kawempe Branch: Kampala-Gulu Highway,

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

, Kampala # Kikuubo Branch: Ddembe Plaza, Nakivubo Road, Kampala # Kireka Branch: Isabella Plaza, Plot. 395,

Kireka Kireka is the name of a township in Central Uganda. It is one of the six townships or ''Wards'' that constitute Kira Municipality in Wakiso District. The other five ''Wards'' in Kira Municipality are Bweyogerere Ward, Kimwaanyi Ward, Kira Ward, ...

# Kisekka Branch: Kisekka Market, 70 – 76 Nakivubo Road, Kampala # Kyadondo Road Branch - DFCU House, 26 Kyaddondo Road,

Nakasero Nakasero is a hill and neighborhood in the centre of Kampala, the capital and largest city of Uganda. Nakasero is important to Uganda's economy and politics, as it is home to Kampala's central business district and several government offices, ...

, Kampala Main Branch # Kyambogo University Branch: Kyambogo University,

Kyambogo Kyambogo is a neighborhood in Kampala, Uganda. It is within Nakawa Division, an administrative borough of Kampala, Uganda's capital city. Location Kyambogo sits on Banda Hill, which rises to an altitude of , above sea level. The neighborhood i ...

, Kampala # Kyambogo Branch: 48/50, Mukabya Road, Kyambogo, Kampala # Lugogo Branch: Lugogo Mall, Lugogo Bypass Road, Lugogo, Kampala # Makerere Branch: 45 Pool Road, Makerere University Campus, Kampala # Market Street Branch: Aponye City Mall, 8 Burton Street, Kampala # Naalya Branch: Quality Shopping Mall,

Naalya Naalya is a township in Kira Municipality, in Kyaddondo County, Wakiso District, in Uganda. Location Naalya is bordered by downtown Kira to the north, Kyaliwajjala and Namugongo to the northeast, Bweyogerere to the east, Kireka to the southeast, ...

# Nakivubo Branch (Gagawala Shauliyako): 40A, Nakivubo Place, Kampala # Acacia Branch: 24 Acacia Avenue,

Kololo Kololo is a hill in Kampala, the largest city and capital of Uganda. The name also applies to the upscale residential and commercial neighbourhood that sits on that hill. Location Kololo is close to the centre of Kampala, bordered by Naguru t ...

, Kampala # Agago Branch: 1 Odok Road, Agago Town Council # Arua Branch: OB Plaza, Plot. 9 & 11, Adumi Road,

Arua Arua is a city and commercial centre within the Arua District in the Northern Region of Uganda. Location Arua is approximately , by road, north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, ...

# Busia Branch: 101 & 103 Customs Road,

Busia, Uganda Busia is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of the Busia District, with the district headquarters located there. Location Busia is at the border of Kenya, adjacent to the simi ...

# Dokolo Branch: Akeidebe Zone, Bata Road,

Dokolo Dokolo is a town in the Northern Region, Uganda, Northern Region of Uganda. It is the main municipal, administrative, and commercial centre of Dokolo District. Location Dokolo is located approximately , by road, southeast of Lira, Uganda, Lira, t ...

# Entebbe Town Branch: 22 Kampala Road,

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The ...

# Gulu Branch: 1 Doctor Lucile Road,

Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The distance from Gulu to Kampala, Uganda's capital and larg ...

# Gulu University Branch: DFI Block, University Avenue, Gulu University Campus, Gulu # Hoima Branch: Plot. 36, Main Street, Main Street,

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, n ...

# Ibanda Branch: Plot. 82, Kamwenge Road,

Ibanda Ibanda is a town in the Western Region of Uganda. It is the main political, administrative, and commercial centre of Ibanda District and the site of the district headquarters. It started wayback in 1990s and was elevated from a trading centre ...

# Iganga Branch: 80 & 82 Main Street,

Iganga Iganga is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Iganga District. Location Iganga is located in Uganda's Busoga sub-region. It lies approximately , by road, northeast of the c ...

# Ishaka Branch: 45 Ishaka-Rukungiri Road,

Ishaka Ishaka is a town in the Western Region of Uganda. It is one of the municipalities in Bushenyi District. Location Ishaka is located in Igara County, in Bushenyi District, approximately , by road, west of Mbarara, the largest city in the sub-r ...

# Isingiro Branch: 36 Kikagate Road, Isingiro # IUIU Branch: Islamic University in Uganda Campus,

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capital ...

# Jinja Branch: Plot. 10 Scindia/Lady Alice Muloki Road, Jinja # Kabale Branch: 143/145 Kabale Road,

Kabale Kabale is a town in the Western Region of Uganda. It is the chief town of Kabale District, and the district headquarters are located there. Sometimes nicknamed “Kastone” as in the local language Rukiga, a “kabale” is a small stone. Loca ...

# Kisoro Branch: 65/75 North Ward,

Kisoro Kisoro is a town in the Western Region of Uganda. It is the chief town of Kisoro District and the site of the district headquarters. Location Kisoro is approximately , by road, west of Kabale, the largest city in the Kigezi sub-region. This i ...

# Kitgum Branch: 19 Janan Luwum Street,

Kitgum Kitgum is a municipality in Kitgum District in the Northern Region of Uganda. The town is administered by Kitgum Municipality Council, an urban local government. It is the largest metropolitan area in the district and the site of the district h ...

# Kyengera Branch: Kyengera Shell Service Station, Masaka Road, Kyengera # Luweero Branch: 846

Kampala–Gulu Highway The Kampala–Gulu Highway, also Kampala–Gulu Road, is a road connecting the capital city of Kampala, in the Central Region, with the city of Gulu, the largest urban centre in the Northern Region of Uganda. Location The road starts in Kampa ...

Luweero Luweero is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Luweero District. History In 1982, in the Ugandan Civil War, Milton Obote's soldiers raided their village, from Kampala. Loca ...

# Luwum Street Branch: Kizito Towers, Luwum Street, Kampala # Lyantonde Branch: Plot. 226, Block. 76,

Lyantonde Lyantonde is a town in the southern part of the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Lyantonde District. Location Lyantonde is approximately , by road, west of Masaka, the nearest large ...

# Masaka Branch: 22 Kampala Road,

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equato ...

# Mbale Branch: 2 Court Road,

# Mbarara Branch: Plot. 14,

Masaka–Mbarara Road The Masaka–Mbarara Road is a road in the Central and Western Regions of Uganda, connecting the cities of Masaka in Masaka District, Central Region and Mbarara in Mbarara District, Western Region. Location The road starts at Masaka and goes t ...

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Ny ...

# Mukono Branch: 18/20 Jinja Road,

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# Nateete Branch: 757 Wakaliga,

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the nor ...

, Kampala # Ndeeba Branch: 224 Masaka Road,

Ndeeba Ndeeba is a neighborhood in the city of Kampala, Uganda's capital. Location Ndeeba is located in Lubaga Division, one of the five administrative divisions of Kampala. It lies on the southern edge of the city. It is bordered by Mengo to the no ...

, Kampala # Nsambya Branch: 1207 Ggaba Road,

Nsambya Nsambya is a hill in the center of Kampala, the capital and largest city in Uganda. The name also refers to the upscale and middle-class neighborhoods that have been developed on the hill and its slopes. Location Nsambya is located approximat ...

, Kampala # Ntinda Branch 1: Capital Shoppers City, Ntinda Road,

Ntinda Ntinda is a location in northeastern Kampala, the capital city of Uganda. Location Ntinda lies in Nakawa Division, one of the five administrative divisions of Kampala. It is bordered by Kyambogo to the east, Nakawa to the south, Naguru to th ...

, Kampala # Ntinda Branch 2: Plot. 1615 Tuskys Supermarket Building, Ntinda–Bukoto Road,

, Kampala # Ntungamo Branch: 18 Old Kabale Road,

Ntungamo Ntungamo is a town in the Western Region of Uganda. It is the largest town in Ntungamo District and the site of the district headquarters. Location Ntungamo is about , by road, southwest of the city of Mbarara, the largest city in Uganda's Wes ...

# Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala # Pader Branch: 8 Lagwai Zone B,

Pader Pader may refer to: People with the surname *Hilaire Pader (1607-1677), French painter and poet. Places * Pader District, a district of Uganda * Pader, Uganda, capital of Pader District * Pader (river), a river in Germany Organizations * PADER, ...

# Pallisa Branch: 8 Kasodo Road, Pallisa # Rushere Branch: 52–54 Rushere Road, Rushere # Soroti Branch: Jovi House, Plot. 47 Gweri Road,

Soroti Soroti is a city in Eastern Region of Uganda. It is the main City, commercial, and administrative center in curved out of Soroti District, one of the nine administrative districts in the Teso sub-region. Soroti City was immediately approved f ...

# Tororo Branch: 9 & 11 Mbale Road,

Tororo Tororo is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Tororo District. History Tororo was garrisoned by the Uganda Army's Air and Sea Battalion during the Uganda–Tanzania War ...

# William Street Branch: 66 William Street, Kampala # Wilson Lane Branch: 17 Wilson Lane, Kampala.

DFCU House

dfcu Limited 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.

References

External links

Fair valuation in acquisition of Crane by dfcu Bank: Effects and prospects
(6 April 2018). {{DEFAULTSORT:Dfcu Bank Banks of Uganda Banks established in 1964 DFCU Group 1964 establishments in Uganda Companies listed on the Uganda Securities Exchange Companies based in Kampala