In this one-on-one, the bank’s Chief Executive Officer Mathias Katamba talks about the good performance, how the bank is supporting economic recovery and what the customers should expect while doing business with dfcu. What is your assessment of the operating environment for period under review? The first half of the year has been mixed, characterized by a second wave of COVID-19 infections with new variants and the lockdown that was instituted to curb the rising pace of infections across the country and the resultant strain on the health sector. On a positive note, the economy continues to show signs of…
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The COVID-19 pandemic negatively impacted economies across the globed and in Uganda affecting many sectors and livelihoods in different ways. Despite that, dfcu Limited weathered the storm and for the most part recorded positive performance for 2020. “While the impact of the pandemic affected our business operations, the Bank demonstrated resilience in the face of adversity and our core business remained strong and continued to grow year on year. We are therefore pleased to announce the proposal to pay dividends to our Shareholders,” the company says in a statement. Total revenue remained relatively stable year on year despite the impact…
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Prominent City lawyer and business man Elly Karuhanga, has been re-elected as dfcu Limited Chairman, the holding company of dfcu Bank, the 5th largest bank by assets. Karuhanga’s re-election was announced during dfcu’s general meeting on August 25, 2020. Among the re-elected Directors includes Kironde Lule while Aminah Zawedde was also appointed Director. As chairman of the group, Karuhanga continues to drive dfcu’s business growth strategy that has seen the company register significant financial performance. During the general meeting, dfcu announced that the company’s assets increased by 1 percent from UGX2.916 billion to UGX2, 958 billion on the back of…
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Dfcu Bank, had to pay William Sekabembe a 47% salary increment to stop him from crossing to rival KCB Bank, where he had been offered a Managing Director role, we…
