Fort Portal, Uganda — dfcu Bank has opened its 55th branch in Fort Portal City, along Babiiha Road. The milestone reinforces the bank’s commitment to deepening financial inclusion, supporting entrepreneurship, and driving economic growth across Uganda’s Western region.
The branch will serve communities throughout the Tooro Sub-region including Kabarole, Kyenjojo, Kamwenge, Bunyangabu, and Kasese offering a full range of financial services designed for individuals, entrepreneurs, and small and medium-sized enterprises (SMEs).
Speaking at the launch event, the Guest of Honour, Richard Rwabuhinga, LC5 Chairman of Fort Portal City, highlighted the essential role of commercial banks and investments in transforming the lives of ordinary Ugandans.
“These initiatives align with the government’s vision of elevating Ugandans into the middle class,” Mr. Rwabuhinga said. “By focusing on critical sectors like agriculture and tourism, we can not only improve livelihoods but also tackle unemployment by creating much-needed jobs. Expanding access to affordable financial services for farmers, traders, and tourism operators will promote economic inclusion, empower communities, and stimulate business growth in Western Uganda.”
Kate Kiiza, Executive Director of dfcu Bank, reiterated the bank’s long-term commitment to Uganda’s development:
“For over 60 years, dfcu Bank has partnered with Ugandans to transform lives and businesses. The opening of our Fort Portal branch is a strategic step to accelerate growth in a region abundant with opportunities in agriculture, tourism, oil, and trade. Beyond financial services, we are creating employment, supporting SMEs, and enabling families and communities to thrive. This investment reaffirms our confidence in Western Uganda’s immense potential.”
Annette Kiconco, Chief Retail Banking Officer at dfcu Bank, shared insights into the bank’s focused strategy:
“Our approach targets agriculture, trade, and business. Fort Portal is a key agricultural hub, and we are dedicated to supporting farmers, cooperatives, and agribusiness ventures with specialized financial solutions. By optimizing channels through physical branches, digital platforms, and an extensive agent banking network—we ensure no one is left behind.”
The new branch will also introduce advanced digital banking services such as internet and mobile banking, along with access to over 20,000 agent banking outlets nationwide. Additionally, dfcu Bank plans to offer entrepreneurial training, financial literacy programs, and mentorship opportunities, with a special focus on empowering women through its Women in Business Program.
A Legacy of Impact
Founded in 1964 as the Development Finance Company of Uganda, dfcu Bank has evolved into one of the country’s most prominent financial institutions. It has played a vital role in Uganda’s economic transformation by supporting large-scale development projects, nurturing entrepreneurship, and providing innovative financial solutions to both corporate clients and individuals. Today, the bank continues to operate with a mission to transform lives and businesses across Uganda, driven by resilience, innovation, and customer focus.
Driving Economic Growth in Western Uganda
Small and medium-sized enterprises (SMEs) account for more than 80% of private-sector employment in Uganda and are central to Fort Portal’s economy, especially in agribusiness, hospitality, and retail trade. dfcu Bank’s expansion ensures these businesses gain access to affordable credit, modern financial tools, and advisory support, enabling them to grow sustainably and competitively.
With the launch of its 55th branch, dfcu Bank solidifies its role as a catalyst for inclusive growth, job creation, and innovation throughout Uganda.
