Jackson Oboth
22 October 2008
Kampala — DFCU Bank plans a 50-branch network across the country and enter the regional market.
This is part of the bank's five-year strategic plan, which also includes focusing on the ever-growing small-and-medium enterprises (SMEs) informal sector, Juma Kisaame, the managing director, said.
He said the bank would this month open the Market Street branch as part of the effort.
DFCU Bank a few weeks back opened the Owino and Nakivuubo branches in downtown Kampala, the hub of SMEs.
"Once fully operational, the Market Street branch will complement our presence in downtown Kampala," Kisaame said.
He said the focus on SMEs has led the bank to revamp the Business Growth Loan to enable SMEs borrow money to clear goods in transit and expand their businesses.
"While our immediate priority in 2008 was to consolidate our operations and expand our bank networks, we are exploring opportunities for expansion of our activities across the region," Kisaame said.
He said the bank was committed to developing innovative tailor-made products to suit the customers' banking needs.
"Flagship products like morgages, leasing and term finance, have been reinforced by attractive solutions like the dfcu Easy Access, land loan and Campus Plus," he said.
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