KAMPALA – Mathias Katamba has resigned as the Managing Director of Housing Finance Bank with reports indicating he is headed to replace embattled Juma Kasaame, the current Managing Director of dfcu Bank.
Following reports of Mr Katamba’s resignation, the financial institution was forced come out of the closet to announce his resignation.
The announcement was made in a press release by David Geoffrey Opio-Okello, Chairperson Board of Directors who revealed Mr. Katamba’s departure stating, “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 endeavours.”
In a move to restore investor confidence, Mr.Opio-Okello reaffirmed the Board and Management’ commitment to providing efficient, innovative customer-centric financial services to its customers.
Mr. Katamba took over leadership of Housing Finance Bank in 2014 and at the time of his departure, he left the Financial Institution as the 12th largest bank by assets.
Reports of Mr. Katamba’s departure first hit the public this week with information flowing in that Dfcu board of directors had to bring in Katamba to take over the helm of the Financial Institution, as the best replacement of embattled Juma Kisaame whose departure is slated for December 2018.
Following media leaks of Mr. Kisaame bank statements from Bank of Africa that showed he had over USD40M stuffed in his account, this set commotion within the Bank, with Mr William Sekabembe position himself to take over from Kisaame having declined an offer as Managing Director KCB.
Insiders at DFCU noted that upon threats from Mr. Sekabembe to quit the Bank, the board and top management agreed to have Sekabembe’s monthly salary increased from Shs38M to Shs56M as well as see him take up Kisaame’s job.
