4 September 2013

Uganda: Crane Bank Strengthens Base in City Centre

Crane Bank has today (Sept. 4) opened its 33rd branch in Kampala in a bid to extend its services closure to its clients. Located along Luwum street plot 28, Eagle Plaza, the new branch will offer all banking services ranging from retail to wholesale and will be open for most hours in the week.

A.R Kalan, the bank's managing director told a news conference minutes after the official opening that the new branch targets business people in the city centre and other customers wanting to transact with ease in the area.

"It is part of our expansion plan," Kalan said. "We are open to serve you," he added.

Crane Bank is one of the largest locally owned Commercial Bank in Uganda. It is part of the Ruparelia Group of Companies. Head quartered in Kampala, the bank plans to increase its branch network to 40 by end of this year and to 50 by the end 2015.

As of December 2012, the Bank was recorded No.4 out of the 24 commercial banks operating in Uganda with an asset valuation of approximately US$469 million (Shs 1.2 trillion), and shareholder's equity in excess of US$101.6 million (Shs 260 billion).

Kalan said they will continue to offer the entire suite of banking and financial services to their clients including personal banking, SME banking, corporate/business banking, agricultural finance, international money transfers, VISA services, government to bank services among others.

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