Kampala, Uganda — At its 60th Annual General Meeting (AGM), dfcu Bank reported a year of strong performance, marked by significant gains in profitability, shareholder value, and operational resilience, despite a complex global and domestic economic landscape.
The bank’s share price rose by 12% to UGX 253, raising its market capitalisation to UGX 189 billion, a development attributed to continued investor confidence and the successful execution of its strategic repositioning plan launched in 2023.
“These results are a clear signal that our long-term strategy is delivering,” said Charles Mudiwa, CEO and Managing Director of dfcu Bank. “We remain committed to transforming lives and businesses in Uganda.”
For the year under review, dfcu Bank posted a profit after tax of UGX 72 billion, a 151% increase from the previous period. Total assets grew by 9% to UGX 4 trillion, while non-performing loans dropped sharply from 9.5% to 4.4%, a testament to improved credit management and recoveries, which stood at UGX 12 billion.
Earnings per share rose to UGX 96.4, and the bank contributed over UGX 100 billion in taxes to the Uganda Revenue Authority (URA). All proposed resolutions at the AGM, including dividend payouts and board appointments, were passed by shareholders.
Despite global headwinds such as geopolitical tensions, climate-related disruptions, and rising tariffs on Ugandan exports, dfcu Bank has maintained compliance with evolving regulatory frameworks, and is on track to meet new Capital Markets Authority and Bank of Uganda standards by Q1 2026.
Sophie Achak, General Manager at dfcu Bank, noted that Uganda’s current macroeconomic indicators, including 3.3% inflation, 15% Treasury bill rates, and a strengthening shilling continue to influence lending, trade, and customer behavior.
dfcu’s growth has been anchored in a targeted approach that prioritises retail banking, SACCOs, and the Women in Business programme. The bank has deepened its footprint across eight strategic sectors, including agriculture, manufacturing, education, health, ICT, energy, financial services, and the public sector. The bank also reaffirmed its commitment to digital transformation, with investments underway in automation, new core banking infrastructure, upgraded card systems, and enhanced loan processing capabilities.
Beyond its financial metrics, dfcu continues to invest in social impact. Through its foundation, the bank has trained over 27,000 farmers, allocated UGX 1.5 billion to community initiatives, and expanded support for women entrepreneurs, key to its mission of driving financial inclusion and rural economic empowerment. “Our purpose is bigger than profit. It’s about real transformation, in communities, in businesses, and in the economy,” Mudiwa emphasised.
As dfcu celebrates six decades of service, the AGM served as a milestone reaffirmation of its role in Uganda’s financial sector and its forward-looking commitment to resilience, innovation, and inclusive growth.
For more information on dfcu Bank visit www.dfcugroup.com
