Tag Archives: DFCU

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has announced a strategic partnership with World Navi Company Limited, a prominent Japan-based motor vehicle dealership, introducing a groundbreaking Vehicle and Asset Financing solution. This initiative is designed to make car ownership in Uganda more accessible, reliable, and affordable for both individuals and …

Smooth Jazz Royalty Lands in Kampala: Kirk Whalum Set to Ignite the Stage at dfcu Jazz in the Pearl Festival Kampala, Uganda | THE INDEPENDENT | Kampala is in for a velvety-smooth musical weekend as legendary American saxophonist Kirk Whalum has toucheddown ahead of the dfcu Jazz in the Pearl …

  Ugandan lender sets sights on profitability top-tier as rivals Stanbic and Bank of Baroda stay ahead—for now Kampala, Uganda | THE INDEPENDENT | In a banking sector still feeling the effects of cautious post-pandemic recovery and tighter monetary conditions, dfcu Bank has delivered a notable performance that signals a shift …

Kampala, Uganda | THE INDEPENDENT | On Sept.23, dfcu Bank rolled out its GROW initiative to traders in Owino, downtown Kampala, marking a significant step forward in empowering Uganda’s women entrepreneurs. Owino, a bustling hub for commerce in Kampala, is home to thousands of traders, many of whom are women striving …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank recently marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses’. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Uganda Holdings Ltd (SUHL), part of the Standard Bank Group, Africa’s premier bank by assets, recorded a 15.2% increase in profit after tax, reaching Shs412 billion for the year ending December 31, 2023. Operating under the ticker SUHL on the Uganda Securities Exchange, the …

Kampala, Uganda | THE INDEPENDENT | DFCU Bank Ltd and its former managers will now stand trial in the UK following the loss of a bid to bar legal action in the London courts brought against them by Crane Bank Ltd. The Supreme Court of the United Kingdom in London on …

Kampala, Uganda | THE INDEPENDENT | Following a 24th October 2023 High Court ruling that dfcu Bank had illegally transferred to itself 48 properties belonging to Meera Investments, after it took over tycoon Sudhir Ruparelia’s Crane Bank, the Lands Ministry has cancelled all the said land titles. As a result, dfcu …

But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …

Kampala, Uganda | THE INDEPENDENT | dfcu has appointed Kate Kiiza to replace William Ssekabembe who retires at the end of this month. A notice by the Board of Directors informed shareholders about the new development through the Uganda Securities Exchange. Kiiza has been working at the bank as chief financial …