dfcu Agribusiness Centre Archives

dfcu Bank pledges more long term financing to the agriculture sector

Paul MurungiCompany NewsApril 15, 2024April 15, 2024

dfcu Bank is set to ride on its past success in financing the agriculture sector to commit more funds meant to achieve long term productivity for farmers in Uganda. Speaking at the launch of the 10th edition of the Best Farmers’ Competition at Sight Farm in Namulonge, Wakiso District, Annette Kiconco, the dfcu Chief Retail Banking Officer said, the bank is in for the long haul with its agribusiness financing facilities and solutions for farmers in specific niches such as perennial or annual crops, poultry, or beef as well as distribution. dfcu joined other patners including Vision Group, The Embassy…

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FACTS BEHIND THE FIGURES: dfcu banks on transforming lives and businesses through innovation and empowering Ugandans

CEO ReporterCompany News News & Analysis The Big StoryApril 4, 2023April 4, 2023

Dfcu Limited, the holding company for dfcu Bank, last week released its 2022 results reporting that net profit grew by 217% from UGX9.3 billion in 2021 to UGX29.5 billion in 2022, underpinned by a 6% growth in deposits from UGX2.3 trillion in 2021 to UGX2.4 trillion in 2022. The bank also reported that while lending declined by 9.7% from UGX1.51 trillion to UGX1.36 trillion, the number of borrowing customers increased by 15 per cent. The bank said it is repositioning to “provide its customers with innovative solutions” and to “make a difference in the communities”. The bank also said it,…

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