Dfcu Bank today announced their 2019 results, posting a 21% growth in profitability from UGX60.9 billion to UGX73.4 billion. The results, Matthias Katamba’s first full year results since he joined the bank in December 2018, are much better than 2018 when the bank posted a 66% decline in profitability- from UGX127.6 billion in 2017 to UGX61.7bn. This was largely due to a 4.7% reduction in assets from UGX3.030 trillion in 2017 to UGX2.888 trillion in 2018. Deposits also generally remained flat- falling by a minor 0.4% from UGX1.987 trillion to UGX1.979 trillion. In the one year Katamba has been at…
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