Just a day after DFCU bank published financial results showing a fall in their profits by 51%, more sad news has come their way again, this time losing a key member of the board.
On Friday, the world woke up to a notice published by dfcu Ltd lawyers in the newspapers announcing that Dr Winfred Tarinyeba Kiryabwire had left her role as a non-executive director on March 27, 2019.
Tarinyeba who joined DFCU in September 2013, follows Agnes Tibayeita Isharaza who crossed to NSSF to serve in the same role as company Secretary.
Tarinyeba’s reasons for leaving are still unclear but, the rate of turn over at the bank points to bad news in the second biggest bank after it acquired Crane Bank.
Dfcu said the Board will be nominating her successor sooner than later.
Dfcu who blamed their poor performance on bad press over Crane Bank hijack, will this year declare a little dividend to their shareholders this year compared to the previous when they celebrated the controversial swallowing of Crane Bank. DFCU profitability fell to Shs61.7bn from Shs127bn, registered the previous year.
According to a statement from Chairman Elly Karuhanga, DFCU shareholders are to get a “cash dividend of UGX33.01 per share less withholding tax where applicable”.
In 2017, they got sh68.24 per share.