DFCU Bank

DFCU Bank, formerly known as the Development Finance Company of Uganda Limited, is a leading commercial bank in Uganda. This financial institution is licensed by the Bank of Uganda, the country’s central bank and banking regulator, and has been operating in Uganda since 1964.DFCU Bank has grown over the years to become one of the most trusted financial institutions in Uganda. As of December 2021, the bank had total assets worth UGX 3.136 trillion (US$882.8 million) and shareholders’ equity of UGX 594.03 billion (US$167.2 million). This is a testament to the bank’s stability and reliability.The bank’s network is spread across the country, with 67 branches and 100 automated teller machines as of June 2017. The bank has continued to expand its reach, and as of 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). This growth is a reflection of the bank’s commitment to meeting the needs of its customers.DFCU Bank’s history is rich, and the bank has undergone several name changes since its inception. In 2000, DFCU Limited acquired Gold Trust Bank, which later became DFCU Bank. In 2014, the Bank of Uganda transferred the customer deposits of the Global Trust Bank to DFCU Bank, which was valued at UGX 73 billion.DFCU Bank made a significant acquisition in 2017 when it took over Crane Bank, which was under the statutory management of the Bank of Uganda. The acquisition included all customer deposit accounts and some loan accounts. This acquisition further solidified DFCU Bank’s position as a major player in the Ugandan financial market.DFCU Bank’s commitment to providing excellent customer service and innovative financial products has made it a go-to bank for individuals and businesses alike. If you’re looking for a reliable and stable financial partner in Uganda, DFCU Bank is an excellent choice.