DFCU Bank Uganda-By Public Opinions International

This profile is managed by Public Opinions International


RABOGROUP A Netherlands based Banking Corporation controls 27.5% in DFCU Bank Uganda.DFCU Bank has 1.6 Trillion Uganda shillings making it one of the wealthiest bank in Uganda.

  • Rabo Development B.V, a subsidiary of Rabo Bank of Netherlands with 27.54 per cent stake
  • The Norwegian Investment Fund for Developing Countries (NORFUND) with 27.54 per cent shares from 10.06 per cent shares
  • Commonwealth Development Corporation (CDC) with 15 per cent stake
  • National Social Security Fund 5.93
  • Kimberlite Frontier Africa Naster Fund 3.76
  • National Social Security Fund –Pinebridge 1.09
  • Vanderbidt University 0.74
  • SSB Conrad N Hilton foundation 0.17
  • Parliamentary pension scheme 0.64
  • Bank of Uganda Staff retirement benefit scheme-SIMS 0.58
  • Bank of Uganda Staff retirement benefit scheme-AIG 0.57
  • URA retirement benefit scheme-Pinebridge 0.41
  • Centenary Bank staff defined contributory scheme 0.39
  • UAP insurance Co. Limited 0.36
  • Central Bank of Kenya pension fund 0.32
  • Makerere University retirement benefit scheme 0.31

DFCU Bank’s ambition is to grow and develop its retail base by increasing its customer base to 500,000 over a period of four years. It plans to achieve this growth in the non-urban parts of Uganda. Its mission is to increase shareholder value, whilst playing a pivotal part in transforming the Ugandan economy and enhancing the well-being of the society.

The bank’s commitment to expand its retail base across the country, to provide financial services in rural areas and to be an active player in financing the agricultural value chain reflects Rabo Development’s vision on making banking accessible to all. This led Rabo Development to take a 27.5% stake in DFCU Bank, making it the largest shareholder in DFCU Bank.

The main goal of Rabo Development’s partnership with DFCU is to improve access to banking services for the unbanked population of Uganda, to promote food security and provide financing for the agricultural sector. Rabobank is providing DFCU with equity, management and technical assistance with a view to helping it achieve its objectives and ambitions. Rabobank is also represented on the bank’s Board of Directors and Management Team.

DFCU Bank and Rabo Development share a common commitment to support local communities in order to integrate environmental concerns into the bank’s business operations. The key focus areas in this field include community development initiatives, healthcare, environmental management and humanitarian relief and emergency intervention.

Agriculture is key to the Ugandan economy, with 85% of the country’s population living in rural areas. Its main crops are coffee, cotton, tea and sugar. Uganda offers attractive  conditions for foreign investments in the long and medium term. Dutch companies invest actively in Uganda in growth sectors such as dairy and meat. The country still has considerable untapped potential in the field of agriculture and there are countless opportunities for further developing the agricultural sector in Uganda. The partnership between DFCU Bank and Rabo Development is aimed at facilitating this development.

DFCU Bank and Rabo Development are confident that their partnership can both positively influence access to financial services in rural Uganda and promote economic growth and social development in the country.

DFCU acquired Global Trust Bank (GTB) in 2000, thereby transforming itself into a commercial bank.

On 25 July 2014, DFCU Bank acquired some of the assets and liabilities of the former GTB, a small retail financial institution that the Bank of Uganda had closed. The acquisition included all customer deposit accounts and all loan accounts. Those assets not taken over by DFCU "will be liquidated by Bank of Uganda". The former assets of GTB that DFCU acquired were valued at about UGX:73 billion.

On 27 January 2017, DFCU took over Crane Bank, which had been under the statutory management of the Bank Of Uganda because Crane's liabilities exceeded its assets. The acquisition included all customer deposit accounts and loan accounts.


With headquarters in Kampala, DFCU Bank has branches in central, eastern, northern, and western Uganda. As of November 2014, the bank maintained 43 branches in Uganda. DFCU Bank has also announced plans to expand into the countries of Kenya, Tanzania, Rwanda, Burundi, and South Sudan. The branch network includes the following locations, arranged alphabetically:The list includes some branches of the now defunct GTB.

  1. Abim Branch - 8 Lira-Kotido Road, Abim
  2. Acacia Branch - 24 Acacia Avenue, Kololo, Kampala
  3. Agago Branch - Agago
  4. Arua Branch - 6 Hospital Road, Arua
  5. Ben Kiwanuka Branch - Ben Kiwanuka Street, Kampala
  6. Bugoloobi Branch - Kagga House, 2 Bandali Rise, Bugoloobi, Kampala
  7. Bwaise Branch - 975-976 Sir Apollo Kaggwa Road, Bwaise, Kampala
  8. Crown House Branch - Crown House, 4A-6 Kampala Road, Kampala
  9. Dokolo Branch - Bata Road, Dokolo
  10. Elegu Branch - Elegu, Gulu–Nimule Road, Amuru District
  11. Entebbe Road Branch - Freedom City Mall, Namasuba, Kampala
  12. Gulu Branch - 3 Princess Road, Gulu
  13. Hoima Branch - Kasangaki Building, 58 Main Street, Hoima
  14. Impala House Branch - Impala House, 13 Kimathi Avenue, Kampala
  15. Ishaka Branch - 45 Ishaka-Rukungiri Road, Ishaka
  16. Isingiro Branch - 36, Kikagate Road, Isingiro
  17. Jinja Branch - 10 Lady Alice Muloki Road, Jinja
  18. Kampala Road Branch - Sun City Plaza, 17 Wilson Road, Kampala
  19. Kawempe Branch - Kampala-Gulu Highway, Kawempe, Kampala
  20. Kikuubo Branch - 4 Nakivubo Road, Kampala
  21. Kitgum Branch - 19 Janan Luwum Street, Kitgum
  22. Kyaggwe Road Branch - First Floor, Nabugabo Business Centre, Kyaggwe Road, Kampala
  23. Lira Branch - 4 Soroti Road, Lira
  24. Lugogo Branch - Lugogo Mall, Lugogo Bypass Road, Kampala
  25. Main Branch - DFCU House, 26 Kyaddondo Road, Nakasero, Kampala
  26. Makerere Branch - 45 Pool Road, Makerere University Campus
  27. Market Street Branch - Aponye City Mall, 8 Burton Street, Kampala
  28. Masaka Branch - 22 Kampala Road, Masaka
  29. Mbale Branch - 2 Court Road, Mbale
  30. Mbarara Branch - 73 High Street, Mbarara
  31. Mukono Branch - 21 Colline Village, Mukono
  32. Mutukula Branch - 69 Customs Building, Mutukula
  33. Naalya Branch - Quality Shopping Mall, Naalya
  34. Nakivubo Branch - Unit 7, 1418 Nakivubo Place, Kampala
  35. Nateete Branch - 757 Wakaliga, Nateete, Kampala
  36. Ndeeba Branch - 224 Masaka Road, Ndeeba, Kampala
  37. Nsambya Branch - Ggaba Road, Nsambya, Kampala
  38. Ntinda Branch - Capital Shoppers City, Ntinda Road, Ntinda, Kampala
  39. Owino Market Branch - 769 Kafumbe Mukasa Road, Kampala
  40. Pader Branch - 8 Lagwai Zone B, Pader
  41. Paidha Branch - 21 Nebbi- Arua Road, Paidha
  42. Pallisa Branch - 8 Kasodo Road, Pallisa
  43. Tororo Branch - 9&11 Mbale Road, Tororo
  44. William Street Branch - 8 William Street, Kampala
  45. Wilson Lane Branch - Wilson Lane, Kampala


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