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.
DFCU Bank is a major player in the financial sector, with an estimated asset base of nearly US$394 million (UGX:1,001 billion) as of December 2012[update], representing about 7% of all bank assets in Uganda, with shareholders' equity of approximately US$53.5 million (UGX:136 billion). In 2012, the bank was the sixth-largest commercial bank in Uganda, by assets.
DFCU Bank was established in 1964 as a development finance company; Development Finance Company of Uganda. In 2000, DFCU acquired the assets of Gold Trust Bank, a commercial bank that had failed. DFCU transformed into a commercial bank at that time. In 2005, the shares of DFCU Group, the parent company of DFCU Bank, were listed on the Uganda Securities Exchange, where they trade under the symbol:DFCU.
With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern and western Uganda. As of October 2013[update], the bank had opened a total of thirty branches in Uganda. DFCU Bank has also announced plans to expand into the East African Countries of Kenya, Tanzania, Rwanda, Burundi and South Sudan. The bank's branch network includes the following locations, arranged alphabetically:
DFCU Group is in the process of building its new headquarters, which will also house the main branch of DFCU Bank. The building will be known as DFCU House and will rise an estimated ten stories high. Located at 26 Kyaddondo Road, on Nakasero Hill, in Kampala'scentral business district, the development will have underground and surface parking, as well as rentable, retail and office space on several levels.