DFCU Bank, registered as the Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda (BoU), Uganda's central bank and national banking regulator.

Overview As of December 2022, DFCU Bank had total assets of UGX:3.283 trillion (US$893.78 million), and shareholders' equity of UGX:614.5 billion (US$167.3 million).

As of 30 June 2017, DFCU Bank operated 67 branches and 100 automated teller machines. As of 31 December 2024, the bank's total assets had increased to UGX:3.4 trillion (US$934.6 million). In calendar year 2024, the bank realized profit after tax (PAT) of UGX72 billion (US$19.8 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, 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 of DFCU Limited, the parent company of DFCU Bank, trades on the Uganda Securities Exchange under the symbol "DFCU". As of December 2018, the major shareholders in the stock were as outlined in the table below:

+ DFCU Limited stock ownership Rank Name of owner Percentage ownership 1 Arise BVArise BV 2 Investment Fund for Developing Countries (IFU) 3 National Social Security Fund of Uganda 4 Kimberlite Frontier Africa Naster Fund 5 SSB Russell Investment Company Plc Fund NAS5 6 National Social Security Fund - PineBridge 7 Vanderbilt University 8 SSB-Conrad N. Hilton Foundation 9 Jubilee Investment Company Limited 10 Bank of Uganda Defined Benefits Scheme - Sanlam 11 Bank of Uganda Defined Benefits Scheme - Stanlib 12 The Parliament Pension Scheme - Stanlib 13 Uganda Revenue Authority Staff Retirement Benefits 14 Centenary Bank Staff Defined Contributory Scheme 15 Makerere University Retirement Benefits Scheme 16 Sudhir Ruparelia 17 Rakesh Gadani 18 UAP Insurance Company Limited 19 Jubilee Insurance Company Limited 20 Housing Finance Bank/UAP Insurance General Life Fund 21 3,807 other tnvestors Total

DFCU Bank is a subsidiary of DFCU Limited. Arise BV is a special purpose vehicle company, formed in 2016 and co-owned by Norfund, the Netherlands Development Finance Company, and Rabobank. Arise invests in African financial institutions. In July 2018, the New Vision 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, Kampala Bwaise Branch: 975-976 Sir Apollo Kaggwa Road, Bwaise, 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 Sun City Branch: Sun City Plaza, 17 Ben Kiwanuka Street, Kampala Kawempe Branch: Kampala-Gulu Highway, Kawempe, Kampala Kikuubo Branch: Ddembe Plaza, Nakivubo Road, Kampala Kireka Branch: Isabella Plaza, Plot. 395, Kireka Kisekka Branch: Kisekka Market, 70 – 76 Nakivubo Road, Kampala Kyadondo Road Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala (main branch) Kyambogo University Branch: Kyambogo University, Kyambogo, 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 Nakivubo Branch (Gagawala Shauliyako): 40A, Nakivubo Place, Kampala Acacia Branch: 24 Acacia Avenue, Kololo, Kampala Agago Branch: 1 Odok Road, Agago Town Council Arua Branch: OB Plaza, Plot. 9 & 11, Adumi Road, Arua Busia Branch: 101 & 103 Customs Road, Busia, Uganda Dokolo Branch: Akeidebe Zone, Bata Road, Dokolo Entebbe Town Branch: 22 Kampala Road, Entebbe Gulu Branch: 1 Doctor Lucile Road, Gulu Gulu University Branch: DFI Block, University Avenue, Gulu University Campus, Gulu Hoima Branch: Plot. 36, Main Street, Main Street, Hoima Ibanda Branch: Plot. 82, Kamwenge Road, Ibanda Iganga Branch: 80 & 82 Main Street, Iganga Ishaka Branch: 45 Ishaka-Rukungiri Road, Ishaka Isingiro Branch: 36 Kikagate Road, Isingiro IUIU Branch: Islamic University in Uganda Campus, Mbale Jinja Branch: Plot. 10 Scindia/Lady Alice Muloki Road, Jinja Kabale Branch: 143/145 Kabale Road, Kabale Kisoro Branch: 65/75 North Ward, Kisoro Kitgum Branch: 19 Janan Luwum Street, Kitgum Kyengera Branch: Kyengera Shell Service Station, Masaka Road, Kyengera Luweero Branch: 846 Kampala–Gulu Highway, Luweero Luwum Street Branch: Kizito Towers, Luwum Street, Kampala Lyantonde Branch: Plot. 226, Block. 76, Lyantonde Masaka Branch: 22 Kampala Road, Masaka Mbale Branch: 2 Court Road, Mbale Mbarara Branch: Plot. 14, Masaka–Mbarara Road, Mbarara Mukono Branch: 18/20 Jinja Road, Mukono Nateete Branch: 757 Wakaliga, Nateete, Kampala Ndeeba Branch: 224 Masaka Road, Ndeeba, Kampala Nsambya Branch: 1207 Ggaba Road, Nsambya, Kampala Ntinda Branch 1: Capital Shoppers City, Ntinda Road, Ntinda, Kampala Ntinda Branch 2: Plot. 1615 Tuskys Supermarket Building, Ntinda–Bukoto Road, Ntinda, Kampala Ntungamo Branch: 18 Old Kabale Road, Ntungamo Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala Pader Branch: 8 Lagwai Zone B, Pader Pallisa Branch: 8 Kasodo Road, Pallisa Rushere Branch: 52–54 Rushere Road, Rushere Soroti Branch: Jovi House, Plot. 47 Gweri Road, Soroti Tororo Branch: 9 & 11 Mbale Road, Tororo 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.

See also Banking in Uganda List of banks in Uganda List of tallest buildings in Kampala Asset allocation among commercial banks in Uganda

References

External links Fair valuation in acquisition of Crane by dfcu Bank: Effects and prospects (6 April 2018).