Official statement in respect to false online publications about dfcu Bank Monday 15th July 2019

In the last couple of days and the recent past there have been several malicious falsehoods written in respect to affairs at dfcu Bank by some blogs and online publications. The Bank wishes to clarify as follows:

1. In May 2019, the Bank detected a case of fraud that was immediately reported to the police (CID HDQTRS GEF 604/2019) and investigations are ongoing. Unfortunately, reports of this incident have been grossly
and maliciously misrepresented in an attempt to damage the reputation of the Bank, destabilise the banking sector and the economy in general.
2. As a regulated entity, dfcu subscribes to the highest levels of compliance in its operations including Anti Money Laundering and is subject to regular inspections and examination by the relevant regulators on its conformity with both local and international compliance standards.
3. The Bank takes these malicious reports seriously and reserves the right to take legal action as well as to refer the authors and disseminators to the relevant law enforcement authorities.


dfcu would like to reassure all its customers, stakeholders and the general public that the Bank is safe and sound and continues to focus on its mandate of making more possible for Ugandans through the provision of superior financial services that transform the economy and enhance the well-being of the people. We urge the public to disregard the continued malicious publications and treat them with the contempt they deserve.

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