Bank registers “excellent” results in 2012 despite tough economic environment

For most banks, 2012 has not been a good year at all. A quick look at their financial results shows a higher level of bad debts, a larger non-performing loans portfolio, a decline in customer deposits and a jump in the ov [ … ]

Crane Bank has grown to become the largest indigenous commercial bank in Uganda with a paid up capital of more than Shs 200 bn. Mr. A.R Kalan, the managing director, spoke to Peter Nyanzi about the bank’s performance in 2012 and future plans.

What were the key highlights of Crane Bank’s performance [ … ]

BoU admits 2012 was an abnormal year for the industry but is optimistic about 2013

2012 is a year commercial banks in Uganda want to forget quickly. The majority of them recorded only marginal profits in the year compared to 2011, others have incurred heavier losses; while others saw a decline in t [ … ]