These shareholders include; i)  PROPARCO;  ii)  NORFUND;  iii)  CDC;  iv)  FMO;  v)  EIB;  vi)  KFW    The above impressive performance has qualified DFCU Bank Limited into a major contributor in the development of Uganda’s financial sector, with a sizeable portion of the market share;    Turning to Bank of Uganda, I wish to re-affirm that as a monetary policy and regulatory authority, the mission of “Maintaining price stability and a sound financial system” remains paramount.
  On the monetary front, the recent unfolding inflationary pressures have been proactively responded to using a package of instruments, which include;      2  i)  Pursuing a tight monetary policy stance to regulate money supply;  ii)  Tactical interventions into the foreign exchange market to manage and minimize sudden fluctuations in the exchange rate;  On the regulatory front, the following have been applied to ensure soundness and stability of the financial sector: i)  Conducting regular on-site examinations and off-site surveillance of supervised financial institutions in order to initiate prompt corrective actions as warranted;  ii)  Enhancing risk management framework in all supervised financial institutions;  iii)  Implementation of risk-based supervision to foster timely identification, measurement, monitoring and controls of risks inherent in the financial sector;  iv)  Periodic reviews of the legal and regulatory framework to ensure update with current developments in the financial sector;  v)  Aligning the regulatory framework with international standards especially after the recent global financial crisis;  vi)  To facilitate innovation through amendment of the legal and regulatory framework to permit the following: i)  Implement mobile money banking;  ii)  Bancassurance;  iii)  Islamic Banking & Finance products.