Housing Finance Bank’s Katamba tipped for dfcu Bank top job

Respected economist and business executive Mathias Katamba is tipped to replace embattled Juma Kisaame as dfcu Bank managing director.

Katamba who has been managing director at government owned Housing Finance Bank resigned his job in what is seen as a preparatory move to take over as MD at dfcu bank in December.

Housing Finance Bank announced Katamba’s resignation in a press release by David Geoffrey Opiokello, the chairperson of the bank’s board of directors.

“The Board of Directors of Housing Finance Bank has appointed Michael K. Mugabi as the Acting Managing Director effective 25th October 2018. Housing Finance appreciates the services and contributions of the outgoing Managing Director, Mathias Katamba and wish him well in future endevours,” Opiokello’s statement read in part.

Opiokello reaffirmed the board and management’s commitment to provide efficient, innovative customer-centric financial services to its customers.

Katamba was appointed MD of Housing Finance Bank in 2014 and is credited to have turned around the financial institution making it be ranked as the 12th largest bank by assets.

Reports of Katamba’s departure first spread at the beginning of the week with word making rounds that the dfcu board were courting Katamba to replace Kisaame who is scheduled to leave in December.

Kisaame has been in the news lately especially after details of his bank account with Bank of Africa leaked showing that has a balance of $40m.