dfcu Bank is set to pay a final dividend of UGX 6.8 billion to its 3,851 shareholders by August 31st after the Board of Directors made a final approval at the Annual General Meeting held at Hotel Africana on Thursday this week. Speaking on behalf of the Board of Directors, Mr Jimmy Mugerwa, the Chairman Board said the bank upheld a strong tradition of shareholder returns, proposing a dividend of UGX 9.10 per share for 2023 which represents a 2.1 percent increase from the UGX 8.91 per share distributed in 2022, underscoring our unwavering commitment to enhancing shareholder value. Mr….
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The banking industry has evolved since the bank’s inception in 1964. How has dfcu Bank adapted to these changes? The financial sector and banking industry have undergone major transformations that range from technological advancements to regulatory changes. By embracing innovation, being prepared for our customers’ needs and prioritising the professional development of our staff, we have created a powerful, locally relevant brand that continues to deliver on our brand purpose and customer promise. The advancement of technology across all spheres of life has altered the way individuals and businesses do their banking. We are more equipped than ever to streamline…
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dfcu Bank kicked off its customer engagement program this week with a customers’ dinner held at Hotel Triangle in Mbarara City. The initiative seeks to foster and cement meaningful connections with its clientele through a series of dynamic meaningful engagements aimed at propelling business growth. The engagements which started in Western Uganda, will be held countrywide, with emphasis on the districts where dfcu has physical presence. Speaking at the customers’ dinner, the dfcu Bank Chief Executive Officer, Charles Mudiwa noted that the engagements will incorporate a spectrum of activities designed to listen to, and gather customer feedback and to actively…
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As the dust settles on the first 4 months of 2024, dfcu bank is pivoting towards innovation using cutting edge technologies to drive efficient and seamless banking operations for the next 60 years. dfcu hosted a stakeholder engagement with its key clients and partners at Sheraton Hotel last week, with the view of forging continuing partnerships as the bank reflects on the last 60 years since its establishment in 1964 as a financial institution. Mr Charles Mudiwa, the Bank’s chief executive officer who was at the centre of the engagement took to the podium to peak into what the future…
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“I mean, for us (dfcu Bank), a top three position should really be where we should be going. We should be among the top three banks in the country. We should be able to move into the top three banks in the short run. That is our aspiration and we should be able to see ourselves being able to do that,” Charles Mudiwa, the Chief Executive Officer of Uganda’s dfcu Bank, told media at a working lunch organised by the bank on March 15th 2024 at Golden Tulip Hotel, Kampala. Mr. Mudiwa who assumed the leadership role of Uganda’s…
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What impacted your business over the period from an operational standpoint? The first half of the year has been marked by consistent improvement in the operating environment with inflation and other economic indicators trending positively, impacting on our customer acquisition which has grown tremendously over the period by over 50% for the number of active customers we serve. On the other hand, there was an uptick in cyber-related risks and to that end, we enhanced our risk management capabilities and improved our operating efficiencies to deliver a seamless customer experience. What were the drivers of your financial performance? The business…
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CEO East Africa Magazine, on January 18th 2023 broke the story that Charles Mwanyara Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya had been appointed as the next Chief Executive Officer of dfcu Bank in Uganda, pending Bank of Uganda approval. Although Jimmy Mugerwa, the Chairman dfcu Limited, the holding company for the bank at the time, denied the appointment on phone with this reporter, the bank yesterday, finally confirmed that indeed Mr. Mudiwa would be taking up the position effective 11th April 2023. Mudiwa, a financial services veteran with over 26 years of experience, 21 of them,…
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Charles Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya is tipped to become the next Chief Executive Officer of dfcu Bank in Uganda, CEO East Africa Magazine can exclusively reveal. Dfcu Bank’s CEO Mathias Katamba, resigned from the bank this month and is set to leave at the end of January 2023. In his place, William Sekabembe, the Executive Director and Chief Commercial Officer has been designated by the board, as Ag. Chief Executive Officer. “The board was looking for someone who has run a large bank with a solid and demonstrable results record. They found that in…
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