dfcu Limited 2022 performance

Dfcu Limited, the holding company for dfcu Bank has this morning released its performance results for 2022, reporting a strong comeback.  The company announced 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 an 11% reduction in expenditure, underlined by a 10.4% reduction in interest expenses from UGX62.7 billion in 2021 to UGX56.2 billion in 2022 as well as a 41% reduction in credit impairment charges⏤UGX148.4 billion in 2021 to UGX88.2 billion. …