By Watchdog reporter
After buying some assets of Crane Bank early this year, Dfcu bank has experienced an exponential rise and it’s now ranked among the top three banks in Uganda.
The bank’s assets have grown from shs1.8 trillion as of December 2016 to shs3.05 trillion in June 2017. Its customer numbers grew by 50% in the period under review and its branch network grew from 43 to 67 with 100ATMs.
Dfcu has also registered Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017.
According to a notice issued on Tuesday, top management attributed the profit to changes in equity holders of the company.