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The Development Finance Company of Uganda Limited was established in 1964, with its name changing in 2000 to DFCU Limited [5] and eventually to dfcu Limited. [10] In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank.
DFCU Group built its new headquarters, which house the main branch of DFCU Bank.The building is known as DFCU House and rises ten stories high. 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.
He was appointed as the non-executive chairman of the Uganda National Oil Company (UNOC), effective March 2024. [1] Previously, from January 2019 [2] until January 2023, he was the managing director and chief executive officer of DFCU Bank, a commercial bank in Uganda. [3]
In July 1994, the BoU established the fund as a department of the bank, with three objectives: [5] 1. Protect small depositors from losing their savings if and when banks failed [6] 2. Maintain the stability of Uganda's financial sector and payments system, and 3. Enhance public confidence in the banking system and the financial sector of the ...
DFCU may refer to: DFCU Group , a Ugandan financial services company involved in retail banking, mortgage lending, development finance, leasing, as well as commercial real estate investments DFCU Bank , a commercial bank in Uganda; a subsidiary of DFCU Group
The Bank of Uganda reported total banking assets at USh 24.9 trillion, as at 30 June 2017, [23] with 7.4 million commercial bank accounts in the country. [24] At that time, there were 546 bank branches and 818 ATMs in Uganda. [23]
This is a list of commercial banks and other credit institutions in Uganda, as updated March 2023 by the Bank of Uganda [1] [2] and taking into account the more recent downgrading of three banks to other credit institutions.
DFCU House houses the headquarters of DFCU Group and the main branch of DFCU Bank. As of December 2017, DFCU Bank was the second-largest commercial bank in Uganda by assets, with total assets in excess of UGX:3 trillion (US$800 million). [4] [5] The building rises approximately 118.65 feet (36 m) above ground, with ten office floors.