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)
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.

History

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. DFCU Bank is a major player in the financial sector, with an estimated asset base of US$348.7+ million (UGX:802 billion) as of December 2010, representing about 7% of all bank assets in Uganda.

DFCU Bank ownership

DFCU Bank is a subsidiary of DFCU Group, which includes the following companies:

• 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.

DFCU Group ownership

As of December 2010, DFCU Group stock was owned by the following corporate entities and individuals:

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 PineBridge 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 February 2012, the bank had opened a total of twenty nine (29) branches in Uganda. DFCU 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: Abim Branch - Abim Acacia Branch - 24 Acacia Avenue, Kololo, Kampala Arua Branch - 6 Hospital Road, Arua Bugoloobi Branch - Kagga House, 2 Bandali Rise, Bugoloobi, Kampala Dokolo Branch - Bata Road, Dokolo 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 Isingiro Branch - 36, Kikagate Road, Isingiro Jinja Branch - 10 Lady Alice Muloki Road, Jinja Jinja Road Branch - 2 Jinja Road, Jinja Road, Kampala Main Branch Kampala City Hall Branch - Kampala Capital City Authority Complex Kawempe Branch - Kampala-Gulu Highway, Kawempe, Kampala Kikuubo Branch - Kikuubo Arcade, Kampala Kitgum Branch - 19 Janan Luwum Street, Kitgum Lira Branch - 4 Soroti Road, Lira Lugogo Branch - Lugogo Mall, Kampala Makerere Branch - 45 Pool Road, Makerere University Campus Market Street Branch - 13 Market Street, Kampala Masaka Branch - 22 Kampala Road, Masaka Mbale Branch - 2 Court Road, Mbale Mbarara Branch - 73 High Street, Mbarara 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 - Kafumbe Mukasa Road, Kampala Pader Branch - 8 Lagwai Zone B, Pader William Street Branch - 8 William Street, Kampala DFCU House 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's central business district, the development will have underground and surface parking, as well as rentable, retail and office space on several levels. External links DFCU Group DFCU Financial Performance in 2009 See also DFCU Group Banking in Uganda List of banks in Uganda List of tallest buildings in Kampala References