Kampala — At the end of 2013, cracks were revealed in the operations of Crane Bank when it was exposed to large bad debt book. It had also made provisions for those debts, the highest ever for the bank at the time.
It all seemed to be normal operation for the bank at least until Mr A.R. Kalan, the managing director Crane Bank who had been in that role for about 15 years left the bank unceremoniously. He had taken leave at the time, according to what Crane Bank directors at the time said.
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