DFCU Bank Limited
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
DFCU Limited is listed company in Uganda and majority owned by ARISE B.V. It was established in 1964 as a development finance institution. Over the years, DFCU has been associated with many success stories in Uganda’s economy in various sectors: agribusiness, communication, education, health, manufacturing, tourism, real estate, mining, construction, transport, trade and commerce.
What is our funding objective?
FMO has provided a 5-year USD 15 mln loan to strengthen DFCU’s funding base with long-term USD financing and finance to SMEs. This deal has been arranged by Proparco.
Why do we fund this investment?
DFCU Bank is a strong and well-reputed Tier 1 bank in Uganda and existing client of FMO. FMO is supporting DFCU Bank as part of our strategy to grow and deepen customer relationships. Through this facility, FMO will support job creation, in many sectors in Uganda.
What is the Environmental and Social categorization rationale?
This facility has been categorised as Category B in accordance with FMO’s Sustainability Policy. As part of this facility, DFCU Bank will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 5/7/2021 | USD 5.00 MLN |
| 11/25/2019 | USD 20.00 MLN |
- Region
- Africa
- Country
- Uganda
- Sector
- Financial Institutions
- Effective date
- 6/5/2018
- End date
- 6/15/2023
- Total FMO financing
- USD 15.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B