Saturday, July 24We Break the News

Tag: DFCU Bank set to close 20 branches and layoff half of staffs

UGANDA: DFCU Bank set to close 20 branches and layoff half of staffs.

UGANDA: DFCU Bank set to close 20 branches and layoff half of staffs.

AFRICA, UGANDA
The dfcu Bank has been thrown out of Meera Investment Limited Properties — starting with Crane Chambers at Kampala Road. Tracks carrying dfcu bank belongings including chairs, teller tables among others have been seen leaving the premises since mid night. Sources have confirmed that the troubled bank is also set to close over 20 branches and “lay off half of their staffs”. This comes after dfcu Bank last year asked Bank of Uganda to take back titles for the 48 properties that belong to Meera Investments Ltd of city tycoon Sudhir Ruparelia. The development, which first came out about last year but denied by the dfcu Bank has now come true with the bank facing the consequences of controversial Crane Bank takeover in 2017. The dfcu Bank in October issued a statement deny...
error: Content is protected !!