21 May 2013

Uganda: Crane Bank Opens 28th Branch

Crane bank last week opened its 28th branch at Entebbe airport, and immediately announced plans to fly its services abroad, with a fully-owned subsidiary in Rwanda and operations in DR Congo (DRC) and South Sudan.

These plans particularly pleased Bank of Uganda Governor Emmanuel Tumusiime-Mutebile, who said: "This is a clear demonstration that the bank has a strategic vision, which is regional in scope; a vision which I wholeheartedly applaud. Moreover, the presence and sound operation of a Ugandan bank abroad will boost Uganda's reputation in the region and support the expansion of Ugandan businesses into regional markets."

Civil Aviation Authority Chairman Rama Makuza, said the location of the branch at Entebbe airport would offer many business opportunities and bring additional responsibility for the bank in terms of customer service standards and national image.

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