Dfcu Group

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
Companies

Crane Bank Rwanda to be sold to CBA — report

Crane Bank Rwanda is to be acquired by the Commercial Bank of Africa, according to a report by Rwanda's New Times newspaper.
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
Companies

South Africa-based fund Arise lends $50 million to dfcu

Arise, an investment company based in Cape Town, is lending $50 million to dfcu Bank to help cover short-term capitalisation of the lender, weeks after it purchased the insolvent Crane Bank.
A Dfcu Bank branch in Kampala
Top 100 Taxpayers

Company profile: Dfcu Group & Dfcu Bank

Dfcu became a commercial bank in 2000 after taking over and renaming Gold Trust Bank. But it had operated in Uganda since 1964, when it was set up by the Uganda government and the UK's Commonwealth Development Corporation (CDC).
Companies

DFCU takes over Crane Bank

DFCU Bank has taken over Crane Bank, Bank of Uganda revealed today - three months after the troubled lender was placed under statutory management by the central bank.
A Dfcu Bank branch on Kampala Road
CompaniesCorporate earnings and resultsMarkets

Dfcu profits rise 70.71% in first half of 2016

Dfcu bank on Friday released provisional half-year results showing a 70.71% growth in net profit and 20.08% growth in net income. Net profit for the period was Shs23.32 billion compared Shs13.66 billion for the first half of 2015.
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