DFCU Group
Encyclopedia
The Development Finance Company of Uganda Group, commonly referred to as the DFCU Group, is a financial services
company in Uganda
.
DFCU Limited is the holding company and it is listed on the Uganda Securities Exchange
(USE
), under the symbol DFCU.
{| 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||Commonwealth Development Corporation
||60.2
|-
|2||Norfund
||10.6
|-
|3||Investec Asset Management||8.20
|-
|4||National Social Security Fund (Uganda)
||5.93
|-
|5||National Insurance Corporation
||2.86
|-
|6||Dyer & Blair Investment Bank||1.13
|-
|7||Barclays Bank of Uganda
||0.88
|-
|8||Barclays Bank of Kenya
||0.86
|-
|9||Jubilee Investments Ltd||0.46
|-
|10||Elly W. Karuhanga||0.30
|-
|11||Centenary Bank
||0.23
|-
|12||Stanbic Bank (Uganda) Limited
||0.23
|-
|13||East African Underwriters Ltd||0.22
|-
|14||Others ||8.61
|-
|}
. 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.
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
company 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...
.
Overview
The Group is involved in consumer lending, mortgage lending, development finance, medium and long-term lease financing as well as commercial real estate investments. DFCU was established in 1964 as a development finance company. In 2005 DFCU Group comprised the following subsidiaries:- DFCU Limited
- DFCU Bank LimitedDFCU BankDFCU Bank, commonly known as DFCU, but whose full name is Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda...
- DFCU Leasing Limited
- Rwenzori Properties Limited
- Nakasero Properties Limited
DFCU Limited is the holding company and it 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...
(USE
USE
USE or U.S.E. can refer to:* United States of Europe, a term sometimes used to refer to a hypothetical Federal Europe.* The fictional United States of Europe in the alternate history novel 1632 and the following 1632 book series'...
), under the symbol DFCU.
DFCU Stock
DFCU stock is 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||Commonwealth Development Corporation
Commonwealth Development Corporation
The Commonwealth Development Corporation, now known as CDC Group plc, is a British development organisation owned by the UK Government...
||60.2
|-
|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...
||10.6
|-
|3||Investec Asset Management||8.20
|-
|4||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
|-
|5||National Insurance Corporation
National Insurance Corporation
National Insurance Corporation Limited , commonly referred to as National Insurance Corporation, is an insurance company in Uganda. The company is a leading provider of insurance and risk management services in Uganda.-Overvview:...
||2.86
|-
|6||Dyer & Blair Investment Bank||1.13
|-
|7||Barclays Bank of Uganda
Barclays Bank (Uganda)
Barclays Bank Limited, commonly known as Barclays Bank , is a commercial bank in Uganda. It is one of the twenty-three commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
||0.88
|-
|8||Barclays Bank 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...
||0.86
|-
|9||Jubilee Investments Ltd||0.46
|-
|10||Elly W. Karuhanga||0.30
|-
|11||Centenary Bank
Centenary Bank
Centenary Bank is a commercial bank in Uganda. It is one of the twenty-three licensed commercial banks in the country.-Overview:The bank is a mid-sized financial services provider in Uganda. It is primarily involved in the promotion of development through loans to rural farmers, processors of...
||0.23
|-
|12||Stanbic Bank (Uganda) Limited
Stanbic Bank (Uganda) Limited
Stanbic Bank Limited is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.-Overview:...
||0.23
|-
|13||East African Underwriters Ltd||0.22
|-
|14||Others ||8.61
|-
|}
DFCCU House
DFCU Group is in the process of building its new headquarters, which will also house the main branch of DFCU BankDFCU Bank
DFCU Bank, commonly known as DFCU, but whose full name is Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda...
. 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
- DFCU Group
- Uganda Securities Exchange
- Bank of Uganda
- DFCU BankDFCU BankDFCU Bank, commonly known as DFCU, but whose full name is Development Finance Company of Uganda Bank Limited, is a commercial bank in Uganda...
- Google finance, DFCU Group
Sources
- 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...
- About DFCU gROUP
- DFCU Stock Quote