Tag Archives: Crane Bank

ANALYSIS: Why President Yoweri Museveni’s behind- the-scenes-maneuvers to save Sudhir’s bank hit a snag  On Oct.10, President Yoweri Museveni directed the Prime Minister Dr. Ruhakana Rugunda to find an immediate solution to Crane Bank’s problems with the Bank of Uganda (BoU). Apparently, this was expected to mark an end a …

THE LAST WORD: By  Andrew M. Mwenda Lessons for Uganda from the failure of Crane Bank and what should be done going forward Last week’s central bank takeover of Uganda’s third largest bank, Crane Bank, was another step in our nation’s march to the absolute mastery of our economy by …

The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. According to a statement, the action has been taken upon the determination by the Bank of Uganda that Crane Bank Limited is significantly under-capitalised. BOU has appointed a statutory manager, Edward Katimbo Mugwanya,  to …

There were ripples in the financial services sector recently when reports emerged that Crane Bank is in negotiations with a buyer. This is the second biggest indigenous bank and the country’s fourth largest bank by assets. ‘It’s owner and founder, Sudhir Ruparelia, is arguably the region’s richest man. Why would …

By Patrick Kagenda Last year was a year of excellent results at Crane Bank. The bank achieved its highest profit levels since its inception in 1995. “Not only did the bank receive the Banker award of the year for the Sixth time in 7 years and 5 times in a …

By Patrick Kagenda Crane Bank has launched its Visa credit card. The new card will enable holders to use a small plastic card issued by the bank to pay for goods and services based on a line of credit from the bank as a cash advance. All card holders will …

By Patrick Kagenda Crane Bank registered tremendous growth in its asset base on top of growing its lending portfolio. The Independent’s Patrick Kagenda talked to the bank’s managing director A.R.Kalan. Crane Bank made Shs 25.88 billion in profits in 2008 even as the global financial meltdown hit most businesses. Your …