dfcu Limited Announces 2023 Financial Results

KAMPALA, UGANDA – 28 March 2023: dfcu Limited has today announced its audited financial results for the year ended 31 December 2023, indicating growth in customer numbers, transaction volumes, fees and commissions.

Highlights: dfcu Full Year Financial Results

A statement from the Board of Directors of dfcu Limited noted that the Group’s trading entity dfcu Bank, “...implemented a refreshed strategic plan aimed at refocusing the business, anchored on five pillars covering economic sector specialisation, customer relationships, technology, performance culture, and sustainability.”

“We have started harnessing the benefits of the plan as we witnessed improved customer service across the group,” the statement continued.

As the Company celebrates 60 years of existence this year, it continues to contribute to communities across the country, through its wide distribution network and programs such as dfcu Women in Business, Rising Woman and the SME Business Accelerator for Small and Medium Enterprises.

With the Agribusiness Development Centre, dfcu has strengthened the overall national agriculture value chain, fostering the bankability of farmer-based organisations (FBOs), Small and Medium Enterprises (SMEs) and Savings and Credit Cooperatives (SACCOs).

Founded by Rabo Foundation and dfcu Bank, the work done by ADC has positively impacted over 28,000 individuals and entities. ADC supports farmer organisations in becoming profitable and sustainable enterprises that can provide efficient, profitable and effective services.

In the future, the company will continue to leverage its rich heritage to deliver its purpose of “Transforming Lives and Businesses in Uganda,” while delivering value to its shareholders and stakeholders.

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