One of the bitterest episodes in tycoon Sudhir Ruparelia’s storied business life is the way he lost Crane Bank Limited to DFCU in January 2017. Bank of Uganda determined that Crane Bank was undercapitalized, opening the way for DFCU to take it over at a cost of Shs 200 billion. Crane Bank was the crown…
If you take DFCU Bank to court armed with a street-side lawyer, you had better be ready to deal with a formidable and experienced army of lawyers that the bank has retained to fight its legal wars. It is very unusual for a company, let alone a wealthy individual in Uganda, to retain the services…
DFCU Bank yesterday announced a profit after tax of Shs 72.1 billion for the financial year 2023/2024, turning a crucial corner as it recovers from the economic shocks of Covid-19. Speaking at the 60th Annual General Meeting held at Hotel Africana in Kampala, Jimmy Mugerwa, DFCU’s board cahirman reassured shareholders of the bank’s commitment to…
The Uganda Bankers Association (UBA) has named Kenneth Agutamba, Stanbic Bank Uganda’s Country Manager for Reputation and Corporate Communication, as the new chairperson of the Peer Committee on Marketing and Communication. He succeeds DFCU’s Jude Kansiime. Agutamba’s appointment follows a sector-wide nomination and consultation process that resulted in his unanimous endorsement. He will serve alongside…
