The notice reads in part ... the regulator acted under the powers as provided for in the Financial Institutions Act, 2004 section 17 (f), 89 (2), 89 (2) (f).
The Bank did not give details. But it said, in exercise of its powers as a liquidator, it had concluded a purchase and assumption agreement with DFCU bank limited.
It added that, the depositors will be able to access their deposits and operate their accounts from any Branch of DFCU and the former GTB branches at Owino, Bwaise, Pallisa, Phaida, Nateete and Kikuubo with effect from the first working day of next week.
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- Who's Next? More Nude Celeb Pics Hacked, Leaked
- Tips for Hiding, Securing Data on Smartphones
- Hispanic Enterprises Drive U.S. Economy
- ISIS Calls for Jihad Against 'Filthy French'
- Fed in No Rush to Raise Interest Rates
- Would You Trade Privacy for Job Security?
- Cristela Gets a Big Thumbs Up
- Lower Used-Car Prices Roil the Auto Industry
- Iran Says Syria Strikes Illegal