DFCU Bank
Encyclopedia
DFCU Bank, commonly known as DFCU, but whose full name is Development Finance Company of Uganda Bank Limited, is a commercial bank
in Uganda
. It is one of the regulated financial institutions, licensed by the Bank of Uganda
, the Central Bank
and national banking regulator.
.
, which includes the following companies:
DFCU Limited is the holding company and is listed on the Uganda Securities Exchange
, where it trades, under the symbol DFCU.
stock was owned by the following corporate entities and individuals:
{| style="font-size:95%;"
|-
| width="80%" align="center" | DFCU Group
Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of owner!!Percentage ownership
|-
|1||CDC Group Plc.
||60.02
|-
|2||Norfund
||10.06
|-
|3||National Social Security Fund (Uganda)
||5.93
|-
|4||Investec Asset Management Fund Africa||4.34
|-
|5||Investec Asset Management Pan Africa Fund||2.73
|-
|6||Investec Asset Management ||1.14
|-
|7||Central Bank of Kenya Pension Fund
||0.76
|-
|8||PineBridge Sub-Saharan Africa Equity Master Fund||0.65
|-
|9||Dyer & Blair Investment Bank||0.63
|-
|10||Bank of Uganda Staff Retirement Fund
||0.58
|-
|14||Nearly 3,800 Other Investors||13.16
|-
|||Total||100.00
|-
|}
, DFCU Bank has branches in central, eastern, northern and western Uganda
. As of May 2011, the bank had opened a total of twenty-seven (27) branches in Uganda
. The bank has also announced plans to expand into the East African Countries of Kenya
, Tanzania
, Rwanda
, Burundi
and Southern Sudan. The bank's branch network includes the following locations, arranged alphabetically:
is in the process of building its new headquarters, which will also house the main branch of DFCU Bank. The building will be known as DFCU House and will rise an estimated ten stories high. Located at 26 Kyaddondo Road, on Nakasero Hill
, in Kampala's
central business district
, the development will have underground and surface parking, as well as rentable, retail and office space on several levels.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. It is one of the regulated financial institutions, licensed by the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the Central Bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
and national banking regulator.
History
DFCU Bank was established in 1964 as a development finance company; Development Finance Company of Uganda. The institution transformed into a commercial bank in 2005. DFCU Bank is a major player in the financial sector, with an estimated asset base of US$347.4+ million (UGX:802 billion) , representing about 7% of all bank assets in UgandaUganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
.
DFCU Bank ownership
DFCU Bank is a subsidiary of DFCU GroupDFCU Group
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.-Overview:...
, which includes the following companies:
- DFCU Limited
- DFCU Bank
- DFCU Leasing Limited
- Rwenzori Properties Limited
- Nakasero Properties Limited
DFCU Limited is the holding company and is listed on the Uganda Securities Exchange
Uganda Securities Exchange
The Uganda Securities Exchange is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.The exchange's doors opened to trading in...
, where it trades, under the symbol DFCU.
DFCU Group ownership
, DFCU GroupDFCU Group
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.-Overview:...
stock was owned by the following corporate entities and individuals:
{| style="font-size:95%;"
|-
| width="80%" align="center" | DFCU Group
DFCU Group
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.-Overview:...
Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of owner!!Percentage ownership
|-
|1||CDC Group Plc.
Commonwealth Development Corporation
The Commonwealth Development Corporation, now known as CDC Group plc, is a British development organisation owned by the UK Government...
||60.02
|-
|2||Norfund
Norfund
Norfund is a private equity company established by the Norwegian Storting in 1997 and owned by the Norwegian Ministry of Foreign Affairs. The fund receives its investment capital from the state budget...
||10.06
|-
|3||National Social Security Fund (Uganda)
National Social Security Fund (Uganda)
The National Social Security Fund is a semi-government agency responsible for the collection, safekeeping, responsible investment and distribution of retirement funds from employees of the private sector in Uganda, who are not covered by the Government Retirement Scheme...
||5.93
|-
|4||Investec Asset Management Fund Africa||4.34
|-
|5||Investec Asset Management Pan Africa Fund||2.73
|-
|6||Investec Asset Management ||1.14
|-
|7||Central Bank of Kenya Pension Fund
Central Bank of Kenya
The Central Bank of Kenya is Kenya's central bank. The bank is located in Nairobi. The current governor of the bank is Professor Njuguna Ndungu whose appointment took effect from March 4, 2007...
||0.76
|-
|8||PineBridge Sub-Saharan Africa Equity Master Fund||0.65
|-
|9||Dyer & Blair Investment Bank||0.63
|-
|10||Bank of Uganda Staff Retirement Fund
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
||0.58
|-
|14||Nearly 3,800 Other Investors||13.16
|-
|||Total||100.00
|-
|}
Branch network
With headquarters in KampalaKampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
, DFCU Bank has branches in central, eastern, northern and western Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. As of May 2011, the bank had opened a total of twenty-seven (27) branches in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. The bank has also announced plans to expand into the East African Countries of Kenya
Kenya
Kenya , officially known as the Republic of Kenya, is a country in East Africa that lies on the equator, with the Indian Ocean to its south-east...
, Tanzania
Tanzania
The United Republic of Tanzania is a country in East Africa bordered by Kenya and Uganda to the north, Rwanda, Burundi, and the Democratic Republic of the Congo to the west, and Zambia, Malawi, and Mozambique to the south. The country's eastern borders lie on the Indian Ocean.Tanzania is a state...
, Rwanda
Rwanda
Rwanda or , officially the Republic of Rwanda , is a country in central and eastern Africa with a population of approximately 11.4 million . Rwanda is located a few degrees south of the Equator, and is bordered by Uganda, Tanzania, Burundi and the Democratic Republic of the Congo...
, Burundi
Burundi
Burundi , officially the Republic of Burundi , is a landlocked country in the Great Lakes region of Eastern Africa bordered by Rwanda to the north, Tanzania to the east and south, and the Democratic Republic of the Congo to the west. Its capital is Bujumbura...
and Southern Sudan. The bank's branch network includes the following locations, arranged alphabetically:
- Abim Branch - AbimAbim, UgandaAbim is a town in Northern Uganda. It is the chief municipal, administrative and commercial center in Abim District. The district is named after the town.-Location:...
- Acacia Branch - Acacia Avenue, KololoKololo-Location:Kololo is close to the centre of Kampala, bordered by Naguru to the east, Bukoto to the north, Mulago to the northwest, Makerere to the west, Nakasero to the southwest and Kibuli to the south.-Overview:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Arua Branch - AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Bugoloobi Branch - BugoloobiBugoloobiBugoloobi, sometimes spelled as Bugolobi, is a location in Kampala, Uganda's capital and largest city.-Location:Bugoloobi is bordered by Nakawa and Mbuya to the north, Mutungo to the east, Kitintale and Luzira to the southeast, Muyenga to the south and southeast, Namuwongo to the west and Kampala's...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Dokolo Branch - DokoloDokoloDokolo is a town in Northern Uganda. It is the main municipal, administrative and commercial centre of Dokolo District. The district is named after the town.-Location:...
- Gulu Branch - GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Hoima Branch - HoimaHoimaHoima is a town in Western Uganda. It is main municipal, administrative and commercial center of Hoima District in Uganda. It is also the location of the palace of the Omukama of Bunyoro.-Location:...
- Impala House Branch - Impala House, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Isingiro Branch - IsingiroIsingiroIsingiro is a town in Western Uganda. It is the main municipal, administrative and commercial center of Isingiro District and the district headquarters are located there. The district is named after the town.-Location:...
- Jinja Branch - JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Jinja Road Branch - Jinja RoadKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
Main Branch - Kampala City Hall Branch - Kampala Capital City Authority ComplexKampala Capital City AuthorityKampala Capital City Authority is the legal entity, established by the Ugandan Parliament, that is responsible for the operations of the capital city of Kampala in Uganda. It replaced the former Kampala City Council .-Location:...
- Kawempe Branch - KawempeKawempeKawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. The five divisions are:* Kampala Central Division* Lubaga Division...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kikuubo Branch - Kikuubo Arcade, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Kitgum Branch - KitgumKitgumKitgum is a municipality in Kitgum District, in Northern Uganda. The town is administered by Kitgum Town Council, an Urban Local Government within Kitgum District Administration...
- Lira Branch - LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Lugogo Branch - Lugogo Mall, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Makerere Branch - Makerere University CampusMakerere UniversityMakerere University , Uganda's largest and second-oldest higher institution of learning, , was first established as a technical school in 1922. In 1963 it became the University of East Africa, offering courses leading to general degrees from the University of London...
- Market Street Branch - Market Street, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Masaka Branch - MasakaMasakaMasaka is a town in Central Uganda, lying west of Lake Victoria. It is the chief town of Masaka District. Besides being the headquarters of Masaka District, the town is the regional headquarters and largest metropolitan area in Lyantonde District, Sembabule District, Lwengo District, Bukomansimbi...
- Mbale Branch - MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Mbarara Branch - MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Ndeeba Branch - NdeebaNdeeba-Location:Ndeeba is located on the southwestern edge of the city of Kampala. It is bordered by Mengo to the north, Katwe to the northeast, Kibuye to the east, Makindye and Najjanankumbi to the southeast, Kabowa to the south, Mutundwe to the west and Lubaga to the northwest...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Nsambya Branch - NsambyaNsambya-Location:Nsambya is located approximately south-southeast of the central business district of Kampala, along the road to Ggaba, a suburb of the city. The coordinates of Nsambya Hill are: 00 17 57N, 32 35 17E.-Landmarks:The landmarks on Nsambya Hill include:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - William Street Branch - William Street, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Owino Market Branch - St. Balikuddembe Market, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Pader Branch - PaderPader, UgandaPader, is a town in Pader District, Northern Uganda. The town is administered by Pader Town Council, an Urban Local Government within Pader District Administration. It is the largest metropolitan area in Pader District and the district headquarters are located there...
DFCU House
DFCU GroupDFCU Group
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.-Overview:...
is in the process of building its new headquarters, which will also house the main branch of DFCU Bank. The building will be known as DFCU House and will rise an estimated ten stories high. Located at 26 Kyaddondo Road, on Nakasero Hill
Nakasero
Nakasero is the hill where the central business district of Kampala is located. Kampala is Uganda's capital and largest city.-Location:Nakasero is bordered by Mulago to the north, Makerere to the northwest, Old Kampala to the west, Namirembe and Mengo to the southwest, Nsambya to the south, Kibuli...
, in Kampala's
Kampala
Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
central business district
Central business district
A central business district is the commercial and often geographic heart of a city. In North America this part of a city is commonly referred to as "downtown" or "city center"...
, the development will have underground and surface parking, as well as rentable, retail and office space on several levels.
External links
See also
- DFCU GroupDFCU GroupThe Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services company in Uganda.-Overview:...
- Banking in UgandaBanking in Uganda-The early years:Prior to Uganda’s independence in 1962, Government-owned institutions dominated most banking in Uganda. In 1966 the Bank of Uganda, which controlled the issue of currency and managed foreign exchange reserves, became the Central Bank. Uganda Commercial Bank, which had fifty...
- List of banks in Uganda
- List of tallest buildings in Kampala