Dfcu Bank
Dfcu Bank launches MoMo Agent Loans Marketplace, expanding access and strengthening MTN Uganda’s agent network
Issued by: Arise Dfcu Bank has taken another bold step toward deepening financial inclusion and supporting enterprise growth in Uganda with the official launch on Monday of the MoMo Agent Loans Marketplace. Developed in partnership with MTN MoMo Uganda, this digital platform is designed to provide MTN mobile money (MoMo) agents with instant access to
Dfcu profit weighed down by higher expenses
Dfcu Limited has reported its first annual fall in profits for the first half of the year in three years, due to increased operating expenses and provisions for bad loans at its largest subsidiary, Dfcu Bank
Dfcu profit soars 40% after bank releases loan loss reserves
Profits at Dfcu Limited rose more than 40 per cent in the first six months, but the company, which derives most of its revenue from Dfcu Bank, reported a fall in income
Dfcu profit rebounds following drop in bad debt provisions
Prudent loan approach and lower bad debt provisions boost net profit at lender
Kate Kiiza named Dfcu Bank executive director amid leadership overhaul
Leadership shifts continue at Dfcu Bank as Kate Kiiza takes on chief commercial officer role
Dfcu names new group and bank chairs
Dfcu Group has appointed experienced business executive Jimmy Mugerwa to chair the financial services company, while Winifred Tarinyeba-Kiryabwire will replace Mr Mugerwa as non-executive chair of Dfcu bank
Dfcu warns profit will be hit by loan provisions
Dfcu Group warned Friday its full-year earnings for 2021 will fall by as much as 25 per cent on an increase in loan-loss provisions and the impairment of some assets acquired from Crane Bank
Profile: Mathias Katamba, chief executive of Dfcu Bank
Mathias Katamba was named as the chief executive designate of Dfcu Bank on 31 October and took over from Juma Kisaame, who had led the bank for over 11 years, in January 2019
Dfcu profit rebounds as revenues recover
Dfcu Bank has reported a large rebound in profitability helped by strong growth in fees and commissions income, with the company's results boosted further by a drop in operating expensesMore Dfcu Bank
Dfcu Group’s first-half profits “normalise” after Crane Bank integration
Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had "normalised following the integration of the acquired net assets of Crane Bank Limited".
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
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
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
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
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
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
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
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.
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.