dfcu Limited has today released its financial results for the full year ending December 2020. In its highlights based on the robust liquidity and healthy capital position, the Bank’s board has proposed a dividend payout of Ushs50.33 per share equivalent to Ushs 37.65 Billion Shillings.
In a statement made by the dfcu Bank CEO, Mathias Katamba as he announced the results to the media, he said; “Due to the COVID-19 pandemic, 2020 was unprecedented in many ways having an adverse impact across the world and in Uganda affecting many sectors and livelihoods in different ways. While the impact of the pandemic affected our business operations, the Bank demonstrated resilience in the face of adversity and our core business remained strong and continued to grow year on year. We are therefore pleased to announce the proposal to pay dividends to our Shareholders.”
In response to the pandemic environment, the dfcu Bank re-evaluated and made proactive adjustments to its business model, risk management frameworks and business continuity plans. Additionally, the Bank promoted the usage of digital channels and supported customers, especially the SME’s to restart their businesses as the lockdown was gradually eased. By remaining close to the customer and constantly evaluating the environment, itcontinues to deploy new capabilities to support customers and grow its business.
Below is a summary of the bank’s financial results.