Dfcu Bank

CompaniesPolitics & Policy

Banks should strengthen defences against fake news — Mutebile

In an address to the Uganda Bankers Association, the governor of the Bank of Uganda said false allegations to malign Dfcu had failed. He added that banks should do more to ward off reputational risk by, among other strategies, combatting fake news
A Dfcu Bank branch on Kampala Road
CompaniesMarkets

Dfcu, Arise deny reports that major shareholders are exiting

Dfcu Limited and its wholly owned subsidiary, Dfcu Bank, have denied rumours that its two largest shareholders are seeking to sell their stakes in the company, which is listed on the Uganda Securities Exchange
A Dfcu Bank branch in Kampala
EconomyMarketsPolitics & Policy

Crane Bank was bankrupt when taken over by BoU: Kasekende

Bank of Uganda's deputy governor Lois Kasekende says the successful resolution of Crane Bank in January 2017 is the main reason for the improvement in financial soundness indicators of the banking system last year
CompaniesCorporate earnings and resultsMarkets

Dfcu posts record profit with Crane Bank deal boost

Dfcu Bank Limited became much bigger after its acquisition of the troubled Crane Bank. Its first full year earnings after the deal reflect its impact and Dfcu's transition into one of Uganda's biggest three banks
A Dfcu Bank branch on Kampala Road
Markets

Dfcu’s Shs200bn rights issue 95.21% subscribed

Dfcu Limited, the holding company of Dfcu Bank, raised Shs190.6bn in a rights offering to settle a shareholder loan
CompaniesMarkets

Dfcu to raise Shs200bn in rights issue

Dfcu Limited, the holding company of dfcu Bank, announced Monday that it expects to raise Shs200 billion by selling new shares in a rights issue to settle a shareholder loan
CompaniesCorporate earnings and results

Dfcu gets profit boost from Crane Bank acquisition

The first financials released by Dfcu Bank since its acquisition of Crane Bank this January show a rapid rise in the bank's profits and asset base
A Dfcu Bank branch on Kampala Road
MarketsMergers & Acquisitions

Dfcu has a new majority shareholder after South Africa-based Arise takes stake

Arise B.V., an investment company based in Cape Town, has acquired a majority stake in dfcu Limited, the holding company of dfcu Bank.
Corporate earnings and results

Dfcu Bank profits up 25% in 2016

Dfcu Bank Limited increased after-tax profit by 25% to Shs46.3 billion in the year to December 2016 despite a tumultuous year for the banking sector, according to summary financials released on Tuesday.
A Dfcu Bank branch in Kampala
Companies

Dfcu ends lay-offs, to offer contracts to former Crane Bank employees

Dfcu Bank will offer new contracts to former Crane Bank employees left over from the integration of the two lenders, a memo sent to staff on Monday said. The new contracts will become effective on 1 April.
A Dfcu Bank branch on Kampala Road
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