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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.
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.
In 2000, dfcu Limited acquired Gold Trust Bank, which subsequently became dfcu Bank. [5] 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. [11] The deposits were valued at UGX:73 billion. [11]
DFCU House, the headquarters of DFCU Bank. Constructed at 46 Kyaddondo Road, on Nakasero Hill, from 2011 until 2013. [7] 4. JLOS House Project, a three-component government office development project in Uganda's capital city of Kampala, to house the offices of the Justice, Law and Order Sector (JLOS). [8]
In December 2005, DFCU announced that it was seeking to convert to a mutual savings bank in order to expand geographically. [5] NCUA initially rejected the member ballots that DFCU wanted to use for the conversion vote. [6] In March 2006, the credit union mailed ballots to its members, enticing them to vote with cash prizes of up to $5000. [7]
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
In 2011, following 5 years at the helm of Uganda Finance Trust Limited, [8] he took a beak from commercial banking until he was appointed CEO of Housing Finance Bank, in April 2014. Prior to that, he was Managing Partner and co-founder of Progression Capital Africa (PCA), a US$40 million private equity fund based in Mauritius .
The skyscraper is located on Kampala Road, the main business street in Kampala, Uganda's capital city, to the immediate west of the headquarters of KCB Bank Uganda Limited, and across the street from Orient Plaza, the headquarters of Orient Bank. [2]