analysis By Isaac Khisa
Dfcu’s new take-over will help expand its footprint countrywide
When Bank of Uganda Governor Emmanuel Tumusiime-Mutebile announced that they were transferring liabilities and assets of Crane Bank to the Development Finance Company of Uganda (Dfcu), many wondered how that was possible.
Crane Bank, set up in 1995, has been the fourth largest commercial bank in Uganda while Dfcu has been the distant sixth, out of the country’s 25 commercial banks. The two lenders, however, had an insignificant variance in market share.
Crane Bank controlled 8% market share offering corporate and retail services, with a focus on micro, small and medium-sized businesses while Dfcu had 7.5% market share and focusing on consume…
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