DFCU’s Mathias Katamba Quitting, Opting For Centenary Bank

Mathias Katamba, the Chief Executive Officer DFCU Bank Mathias Katamba, the Chief Executive Officer DFCU Bank

It doesn’t get any better for dfcu Bank. The man they hired to bring back sanity at the commercial bank is quitting, joining their more stable rivals Centenary Bank.

Just over six months after replacing Juma Kisaame as the Chief Executive Officer (CEO) of Dfcu bank, sources say Mathias Katamba is now poised to join Centenary Bank as Managing Director, replacing Fabian Kasi. Full

Katamba officially joined Dfcu bank on January 2, 2019, following the departure of Kisaame whose leadership would see the bank involved in the scandalous acquisition of its rivals, Crane Bank Limited (GTBU) and Global Trust Bank Uganda (GTBU) in 2017 and 2014 respectively, after the Bank of Uganda BoU controversially closed and offered them for sale.

Katamba joined Dfcu bank from Housing Finance Bank but sources within Dfcu bank say he has not had a good working relationship with the top managers he found there. Among them is Chief of Business and Executive Director, William Sekabembe who had declined to join KCB Uganda as MD on anticipation that he would replace Kisaame. It is also said Katamba’s working relationship with Dfcu bank Chairman Jimmy Mugerwa is not good either.

In May this year, it was rumoured that Sekabembe was contemplating leaving Dfcu bank after he was denied chance to become its top chief executive as earlier promised by the Board of Directors.

While announcing the appointment of Katamba in January Dfcu Chairman Elly Karuhanga said then that: “We look forward to his (Katamba) taking the helm at Dfcu and believe he is well placed to continue the progress of the bank, building on the successes of his predecessor to the benefit of all stakeholders, contributing to the very important business sector in which Dfcu operates and to the growth of the Uganda economy as a whole.”

SOURCE: Eagle Online

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