Dfcu Limited has held its Annual General Meeting (AGM), providing a comprehensive overview of its achievements over the past year (2022) and outlining its strategic priorities for continued growth.
Despite a challenging global economic environment, Dfcu reported robust financial results for the financial year ending 31st December 2022.
The financial results indicate that profit after tax grew by 217% year on year, the loan impairments reduced by 41%. Total assets grew by 3% from Shs3.13 trillion to Shs3.24 trillion, 15% growth in the number of borrowing customers and customer deposits grew by 6% driven by current and savings account deposits.
The results further show that there is an improved customer deposits mix resulting in a 10% reduction in interest expense and substantial investment in Government Securities growing the portfolio by 63%, as part of the focus to diversify the asset base.
During the AGM, The Chairman of Dfcu Limited Mr. Jimmy D. Mugerwa said “Our business remains very strong, and our trading subsidiary Dfcu Bank has consistently maintained strong capital ratios. The core and total capital ratios of 24.5 % and 25.3% respectively are well above the regulatory capital requirements of 13% and 15% respectively”.
“The Bank was able to meet the new regulatory minimum share capital thresholds without additional capital injection from Shareholders”. he said.
Recognizing the importance of delivering value to its shareholders, the Board of Directors recommended a dividend of Shs8.19 per share for the year ended December 3, 2022. This dividend payment will be subject to statutory deductions.
Dfcu continued to make a difference in the community with several initiatives in the areas of agriculture, women in business and financial inclusion, and showed greater importance to Environmental, Social, Governance programs (ESG). Through the Agribusiness Development Centre, the Company expanded its support to agribusinesses with capacity building, provision of credit and value chain financing.
Looking ahead, the Company will focus on executing its strategy anchored on transforming lives and businesses in Uganda whilst managing credit and other risks better, investing in technology and growing our people.
Today, I went to the beachfront with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!
Hi there! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
Hello very nice web site!! Guy .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also? I am glad to find so many useful information here in the post, we’d like develop more strategies in this regard, thank you for sharing. . . . . .
Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My iPad is now broken and she has 83 views. I know this is entirely off topic but I had to share it with someone!
I know this website offers quality based articles and additional stuff, is there any other web site which offers these stuff in quality?
You can definitely see your expertise in the article you write. The arena hopes for more passionate writers like you who aren’t afraid to mention how they believe. All the time go after your heart.
WOW just what I was searching for. Came here by searching for %keyword%
Hi, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me insane so any assistance is very much appreciated.
Please let me know if you’re looking for a article author for your weblog. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Many thanks!
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to design my own blog and would like to know where u got this from. thank you
I always spent my half an hour to read this weblog’s articles daily along with a cup of coffee.
Good way of describing, and nice post to get information concerning my presentation subject matter, which i am going to convey in college.
What’s up everyone, it’s my first pay a visit at this website, and article is really fruitful in favor of me, keep up posting such posts.
Article writing is also a fun, if you be acquainted with after that you can write otherwise it is complex to write.
I was wondering if you ever considered changing the layout of your site? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?
I’d like to find out more? I’d care to find out more details.
Someone necessarily help to make critically articles I would state. This is the first time I frequented your web page and to this point? I amazed with the research you made to create this actual post amazing. Wonderful task!
Great article! This is the type of information that are meant to be shared around the web. Disgrace on the seek engines for not positioning this publish upper! Come on over and seek advice from my site . Thank you =)
Fabulous, what a webpage it is! This website provides helpful information to us, keep it up.
You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!
Simply wish to say your article is as surprising. The clearness for your post is simply nice and i can think you are knowledgeable in this subject. Well together with your permission allow me to grab your RSS feed to stay up to date with approaching post. Thank you one million and please continue the rewarding work.
Hmm it appears like your site ate my first comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any recommendations for first-time blog writers? I’d definitely appreciate it.
I visit day-to-day some websites and information sites to read articles or reviews, but this blog offers quality based content.
Piece of writing writing is also a fun, if you be acquainted with after that you can write otherwise it is difficult to write.
Hi my loved one! I want to say that this article is awesome, great written and come with almost all significant infos. I’d like to peer more posts like this .
Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but other than that, this is wonderful blog. An excellent read. I’ll definitely be back.
Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I’m going to come back once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
Fine way of explaining, and good piece of writing to get data about my presentation subject, which i am going to deliver in university.
I know this if off topic but I’m looking into starting my own blog and was wondering what all is required to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100% positive. Any tips or advice would be greatly appreciated. Cheers
I read this post fully concerning the comparison of most up-to-date and preceding technologies, it’s remarkable article.
Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I am going to return once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
Лаки Джет 1win – это возможность получить незабываемые впечатления и выиграть деньги одновременно. Отталкивайся от успеха и победы с игрой Лаки Джет на официальном сайте 1win.
WOW just what I was searching for. Came here by searching for %keyword%
Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I am going to return once again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
It’s remarkable to go to see this web site and reading the views of all friends concerning this piece of writing, while I am also eager of getting knowledge.
Wonderful goods from you, man. I’ve bear in mind your stuff prior to and you’re simply too magnificent. I really like what you’ve obtained here, really like what you’re stating and the best way during which you are saying it. You are making it entertaining and you still take care of to stay it sensible. I cant wait to read far more from you. This is actually a great site.
This is a great tip especially to those new to the blogosphere. Brief but very accurate information Many thanks for sharing this one. A must read article!
Hi, yeah this article is really good and I have learned lot of things from it about blogging. thanks.
you are actually a good webmaster. The site loading velocity is incredible. It sort of feels that you are doing any unique trick. In addition, The contents are masterpiece. you have performed a wonderful process in this topic!
hi!,I really like your writing so much! proportion we keep in touch more approximately your post on AOL? I need an expert in this area to solve my problem. May be that is you! Taking a look forward to see you.
After looking into a number of the blog posts on your website, I truly like your way of blogging. I book-marked it to my bookmark website list and will be checking back soon. Take a look at my web site as well and let me know what you think.
Wow that was odd. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say superb blog!
Pretty component to content. I simply stumbled upon your website and in accession capital to say that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing for your augment or even I fulfillment you access consistently rapidly.
Howdy! I could have sworn I’ve been to this web site before but after going through a few of the posts I realized it’s new to me. Anyhow, I’m definitely pleased I came across it and I’ll be bookmarking it and checking back frequently!
Does your website have a contact page? I’m having a tough time locating it but, I’d like to send you an e-mail. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great site and I look forward to seeing it develop over time.
Awesome! Its really awesome piece of writing, I have got much clear idea concerning from this piece of writing.
For latest news you have to go to see world wide web and on web I found this site as a best site for most up-to-date updates.
I’m not sure why but this website is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.
I like what you guys are up too. This type of clever work and exposure! Keep up the great works guys I’ve incorporated you guys to my blogroll.
Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you helped me.
Hey there would you mind stating which blog platform you’re working with? I’m planning to start my own blog in the near future but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something completely unique. P.S My apologies for getting off-topic but I had to ask!
This design is wicked! You obviously know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
Every weekend i used to visit this web site, because i want enjoyment, as this this web site conations truly nice funny information too.
What’s up, this weekend is pleasant designed for me, as this point in time i am reading this impressive informative post here at my house.
Your method of explaining all in this article is really good, all can without difficulty know it, Thanks a lot.
Good replies in return of this query with real arguments and describing all about that.
obviously like your website however you need to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very bothersome to tell the truth on the other hand I will surely come back again.
whoah this blog is magnificent i love reading your articles. Stay up the good work! You realize, many individuals are hunting around for this info, you can help them greatly.
Hmm it seems like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any points for rookie blog writers? I’d definitely appreciate it.
I have read so many articles regarding the blogger lovers except this piece of writing is in fact a pleasant piece of writing, keep it up.
Wonderful goods from you, man. I’ve consider your stuff prior to and you’re simply too wonderful. I really like what you’ve obtained here, really like what you’re stating and the best way through which you are saying it. You make it entertaining and you still take care of to stay it smart. I can not wait to read far more from you. This is actually a wonderful site.
Hey there, You have performed a great job. I will definitely digg it and in my opinion recommend to my friends. I am sure they will be benefited from this web site.
Your style is so unique compared to other people I have read stuff from. Thank you for posting when you have the opportunity, Guess I will just bookmark this site.
Hello, just wanted to say, I enjoyed this post. It was funny. Keep on posting!
I think the admin of this website is truly working hard for his website, since here every data is quality based information.
This is a great tip especially to those new to the blogosphere. Brief but very accurate information Many thanks for sharing this one. A must read article!
I’ve read some just right stuff here. Definitely value bookmarking for revisiting. I wonder how so much attempt you put to create such a wonderful informative site.
Hey are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog? Any help would be greatly appreciated!
If some one desires to be updated with newest technologies after that he must be pay a visit this website and be up to date daily.
Hi there, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam responses? If so how do you stop it, any plugin or anything you can advise? I get so much lately it’s driving me insane so any assistance is very much appreciated.
Thank you, I have recently been searching for information approximately this topic for a while and yours is the best I have found out so far. However, what concerning the conclusion? Are you sure concerning the source?
Hi terrific blog! Does running a blog similar to this take a massive amount work? I have very little knowledge of computer programming but I was hoping to start my own blog soon. Anyway, if you have any suggestions or tips for new blog owners please share. I know this is off topic nevertheless I just had to ask. Thanks a lot!
This is a topic that’s close to my heart… Take care! Where are your contact details though?
Hi there, I found your blog by the use of Google whilst searching for a similar topic, your site got here up, it looks good. I have bookmarked it in my google bookmarks.
Hi, I do believe this is an excellent website. I stumbledupon it 😉 I will come back once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
Wow, wonderful blog format! How long have you been blogging for? you make blogging glance easy. The total glance of your site is magnificent, let alonewell as the content!
I was wondering if you ever considered changing the page layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or two images. Maybe you could space it out better?
Keep on working, great job!
This post is invaluable. How can I find out more?
Hello! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to start. Do you have any points or suggestions? Thank you
This design is steller! You most certainly know how to keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really enjoyed what you had to say, and more than that, how you presented it. Too cool!
magnificent submit, very informative. I wonder why the other experts of this sector do not realize this. You should continue your writing. I am sure, you have a huge readers’ base already!
Hi there to every one, it’s truly a good for me to go to see this website, it contains priceless Information.
Having read this I thought it was extremely informative. I appreciate you finding the time and effort to put this informative article together. I once again find myself spending a significant amount of time both reading and leaving comments. But so what, it was still worth it!
Hi, its good piece of writing about media print, we all know media is a wonderful source of data.
This is a topic that is close to my heart… Many thanks! Where are your contact details though?
Thanks for a marvelous posting! I quite enjoyed reading it, you’re a great author. I will be sure to bookmark your blog and definitely will come back down the road. I want to encourage yourself to continue your great writing, have a nice holiday weekend!
Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!
Hi to all, the contents present at this website are actually remarkable for people experience, well, keep up the nice work fellows.
I’m not sure why but this site is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.
Helpful info. Fortunate me I found your web site accidentally, and I am stunned why this twist of fate did not happened in advance! I bookmarked it.
Incredible! This blog looks exactly like my old one! It’s on a entirely different topic but it has pretty much the same layout and design. Outstanding choice of colors!
After exploring a few of the blog articles on your web page, I truly like your way of blogging. I bookmarked it to my bookmark site list and will be checking back soon. Take a look at my web site as well and let me know how you feel.
If you are going for best contents like me, only pay a visit this website every day because it offers quality contents, thanks
Good day! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
I don’t know if it’s just me or if everyone else experiencing problems with your blog. It seems like some of the text within your posts are running off the screen. Can someone else please comment and let me know if this is happening to them too? This could be a problem with my web browser because I’ve had this happen before. Cheers
Howdy! This post couldn’t be written any better! Reading this post reminds me of my good old room mate! He always kept talking about this. I will forward this page to him. Pretty sure he will have a good read. Thanks for sharing!
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
Hi it’s me, I am also visiting this site daily, this site is really nice and the viewers are really sharing pleasant thoughts.
Amazing blog! Do you have any tips and hints for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally confused .. Any recommendations? Many thanks!
Your style is very unique compared to other people I have read stuff from. Thank you for posting when you have the opportunity, Guess I will just bookmark this site.
Hi there Dear, are you in fact visiting this site regularly, if so then you will absolutely get good experience.
Your style is very unique compared to other people I have read stuff from. Many thanks for posting when you have the opportunity, Guess I will just bookmark this page.
Hello! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any points or suggestions? Cheers
You made some decent points there. I looked on the web to learn more about the issue and found most individuals will go along with your views on this website.
An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but usually people do not speak about such subjects. To the next! All the best!!
Wow, incredible blog layout! How long have you been blogging for? you make blogging glance easy. The entire glance of your web site is magnificent, let alonesmartly as the content!
I am truly pleased to read this weblog posts which includes plenty of useful information, thanks for providing these data.
whoah this blog is fantastic i really like reading your articles. Stay up the good work! You recognize, a lot of individuals are hunting around for this info, you can help them greatly.
Highly energetic article, I liked that a lot. Will there be a part 2?
Very quickly this web site will be famous among all blogging and site-building viewers, due to it’s good articles or reviews
I’m not sure why but this web site is loading extremely slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later and see if the problem still exists.
Highly energetic blog, I enjoyed that a lot. Will there be a part 2?
Howdy, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you stop it, any plugin or anything you can suggest? I get so much lately it’s driving me insane so any help is very much appreciated.
Hi there mates, its enormous post about teachingand completely explained, keep it up all the time.
I am extremely inspired with your writing skills and alsosmartly as with the layout for your blog. Is this a paid topic or did you customize it yourself? Either way stay up the nice quality writing, it’s rare to peer a nice blog like this one these days..
fantastic issues altogether, you just won a emblem new reader. What could you suggest in regards to your publish that you made a few days ago? Any sure?
Everything is very open with a clear description of the issues. It was truly informative. Your website is extremely helpful. Thank you for sharing!
I am really loving the theme/design of your weblog. Do you ever run into any web browser compatibility problems? A couple of my blog visitors have complained about my website not operating correctly in Explorer but looks great in Safari. Do you have any solutions to help fix this issue?
An impressive share! I have just forwarded this onto a coworker who was doing a little research on this. And he in fact bought me breakfast because I discovered it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to discuss this topic here on your web site.
Howdy! I know this is kind of off-topic but I had to ask. Does operating a well-established blog like yours take a massive amount work? I’m completely new to blogging but I do write in my diary daily. I’d like to start a blog so I can share my own experience and views online. Please let me know if you have any ideas or tips for new aspiring bloggers. Appreciate it!
If you are going for best contents like me, only go to see this website daily since it offers quality contents, thanks
We are a gaggle of volunteers and starting a new scheme in our community. Your site provided us with useful information to work on. You have performed an impressive activity and our whole community will be grateful to you.
I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one nowadays.
Nice post. I learn something new and challenging on sites I stumbleupon everyday. It will always be exciting to read content from other writers and practice a little something from their websites.
I visited multiple web pages except the audio quality for audio songs current at this website is actually excellent.
This is very interesting, You are an excessively professional blogger. I have joined your feed and sit up for seeking more of your wonderful post. Also, I have shared your web site in my social networks
Hi my loved one! I want to say that this article is awesome, great written and come with almost all significant infos. I’d like to peer more posts like this .
I always used to read post in news papers but now as I am a user of internet thus from now I am using net for articles or reviews, thanks to web.