By our reporter
Dfcu Limited released its 2017 consolidated interim financial results- showing a 69.4% growth in balance sheet from UGX 1.8 trillion in December 2016 to UGX 3.05 trillion as for the month of June 30, 2017.
This financial position its subsidiary, dfcu Bank, among the top 3 banks in Uganda, and squarely sets the Group on the path to transforming bank from a niche bank to a Universal bank.
The performance is largely attributed to the January 2017 acquisition of Crane Bank assets and assumption of liabilities by dfcu Bank that presented numerous opportunities in line with bank’s growth aspirations.
Speaking at the dinner yesterday, Mr William Sekabembe who is the Chief Business and Executive director at Dfcu bank said that he has not been sleeping because he was working very hard to see that the bank becomes among the best banks in the country.
He also added that with this positive performance comes against the backdrop of the dfcu Limited Rights Issue whose terms and conditions will be published upon receipt of regulatory approvals, he concluded.