KAMPALA – The head consumer banking at dfcu bank, Denis Kibuka Musoke has resigned amid reports of a row over policies to restore people’s confidence in the bank’s ailing image.
Mr. Musoke’s next destination after quitting the troubled bank is yet to be revealed.
He had held the post since 2011, and the surprise resignation sent dfcu bank falling further after a bumper harvest in 2017 following the controversial takeover of Crane Bank.
dfcu Bank recorded a whopping a 51.6% drop in its 2018 profits after tax, which fell to UGX 61.7bn from UGX 127bn, registered the previous year.
Rukh-Shana Namuyimba, the Communication Manager at dfcu Bank confirmed that Mr. Musoke had quit for personal reasons. She said that in the meantime, he will be replaced by the head personal banking Miranda Bageine Musoke.
Ms. Namuyimba said its mixed feelings as Musoke left the Bank, wishing him well.
“So it’s mixed feelings as he leaves the Bank. But for the most part, dfcu is supportive whenever it’s really great people make alternative career progressions because it also reflects positively on the Bank,” she said.
The bank has this year alone lost three top managers including Dr. Winifred Tarinyeba Kiryabwire, who resigned last month.
Dr. Kiryabwire was a non-Executive Director since September 2013 on the board of dfcu bank.
Ms. Agness Tibayeyita crossed to National Social Security Fund (NSSF) from dfcu Bank where she was working as the bank’s Company Secretary.