DFCU Bank

Overview

As of December 2014, DFCU Bank was a major player in Uganda's financial sector, with an estimated asset base of US$512.95 million (UGX:1.425 trillion) and with shareholders' equity of about US$68.95 million (UGX:191.54 billion). In December 2014, the bank was the fifth-largest commercial bank in Uganda, by assets, accounting for approximately 7.7 percent of all bank assets in the country.

History

DFCU Bank was established in 1964 as the Development Finance Company of Uganda. DFCU acquired Global Trust Bank (GTB) in 2000, thereby transforming itself into a commercial bank.

On 25 July 2014, DFCU Bank acquired some of the assets and liabilities of the former GTB, a small retail financial institution that the Bank of Uganda had closed. The acquisition included all customer deposit accounts and all loan accounts. Those assets not taken over by DFCU "will be liquidated by Bank of Uganda". The former assets of GTB that DFCU acquired were valued at about UGX:73 billion.

On 27 January 2017, DFCU took over Crane Bank, which had been under the statutory management of the Bank Of Uganda because Crane's liabilities exceeded its assets. The acquisition included all customer deposit accounts and loan accounts.

DFCU Group

DFCU Bank is a subsidiary of DFCU Group.

Branch network

With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern, and western Uganda. As of November 2014, the bank maintained 43 branches in Uganda. DFCU Bank has also announced plans to expand into the countries of Kenya, Tanzania, Rwanda, Burundi, and South Sudan. The branch network includes the following locations, arranged alphabetically: The list includes some branches of the now defunct GTB.

1. Abim Branch - 8 Lira-Kotido Road, Abim
2. Acacia Branch - 24 Acacia Avenue, Kololo, Kampala
3. Agago Branch - Agago
4. Arua Branch - 6 Hospital Road, Arua
5. Ben Kiwanuka Branch - Ben Kiwanuka Street, Kampala
6. Bugoloobi Branch - Kagga House, 2 Bandali Rise, Bugoloobi, Kampala
7. Bwaise Branch - 975-976 Sir Apollo Kaggwa Road, Bwaise, Kampala
8. Crown House Branch - Crown House, 4A-6 Kampala Road, Kampala
9. Dokolo Branch - Bata Road, Dokolo
10. Elegu Branch - Elegu, Gulu–Nimule Road, Amuru District
11. Entebbe Road Branch - Freedom City Mall, Namasuba, Kampala
12. Gulu Branch - 3 Princess Road, Gulu
13. Hoima Branch - Kasangaki Building, 58 Main Street, Hoima
14. Impala House Branch - Impala House, 13 Kimathi Avenue, Kampala
15. Ishaka Branch - 45 Ishaka-Rukungiri Road, Ishaka
16. Isingiro Branch - 36, Kikagate Road, Isingiro
17. Jinja Branch - 10 Lady Alice Muloki Road, Jinja
18. Kampala Road Branch - Sun City Plaza, 17 Wilson Road, Kampala
19. Kawempe Branch - Kampala-Gulu Highway, Kawempe, Kampala
20. Kikuubo Branch - 4 Nakivubo Road, Kampala
21. Kitgum Branch - 19 Janan Luwum Street, Kitgum
22. Kyaggwe Road Branch - First Floor, Nabugabo Business Centre, Kyaggwe Road, Kampala
23. Lira Branch - 4 Soroti Road, Lira
24. Lugogo Branch - Lugogo Mall, Lugogo Bypass Road, Kampala
25. Main Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala
26. Makerere Branch - 45 Pool Road, Makerere University Campus
27. Market Street Branch - Aponye City Mall, 8 Burton Street, Kampala
28. Masaka Branch - 22 Kampala Road, Masaka
29. Mbale Branch - 2 Court Road, Mbale
30. Mbarara Branch - 73 High Street, Mbarara
31. Mukono Branch - 21 Colline Village, Mukono
32. Mutukula Branch - 69 Customs Building, Mutukula
33. Naalya Branch - Quality Shopping Mall, Naalya
34. Nakivubo Branch - Unit 7, 1418 Nakivubo Place, Kampala
35. Nateete Branch - 757 Wakaliga, Nateete, Kampala
36. Ndeeba Branch - 224 Masaka Road, Ndeeba, Kampala
37. Nsambya Branch - Ggaba Road, Nsambya, Kampala
38. Ntinda Branch - Capital Shoppers City, Ntinda Road, Ntinda, Kampala
39. Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala
40. Pader Branch - 8 Lagwai Zone B, Pader
41. Paidha Branch - 21 Nebbi- Arua Road, Paidha
42. Pallisa Branch - 8 Kasodo Road, Pallisa
43. Tororo Branch - 9&11 Mbale Road, Tororo
44. William Street Branch - 8 William Street, Kampala
45. Wilson Lane Branch - Wilson Lane, Kampala

DFCU House

DFCU Group has built a new headquarters building, which also houses the main branch of DFCU Bank. The building is often referred to as DFCU House and rises ten stories high. Located at 26 Kyaddondo Road, on Nakasero Hill, in Kampala's central business district, the development has underground and surface parking, as well as rentable, retail, and office space on several levels.