dfcu Bank’s H1 profit declines by 14% to UGX35.7 billion
Interim H1 2019 results for dfcu Bank HY are out,
indicating a 14.3% decline in net profit to UGX35.7 billion down from UGX41.6
billion in the same period in 2018.
Deposits declined by 1.5% from UGX2.02 trillion to UGX1.99
trillion while lending went down by 3.8% from UGX1.4 trillion to UGX1.36
trillion.
As a result, the bank's asset book declined by 2.7% from UGX3.03
trillion to UGX2.95 tri