How the central bank's handling of the problems of Crane Bank showed lack of imagination and strategy
I have always had high respect for Bank of Uganda (BOU) because of its management competences. Since the collapse of Uganda Commercial Bank in 1999, BOU has kept our banking industry stable hence its impressive and sustained growth. For instance, nonperforming loans as a percentage of total loans fell from 40% in 1995 to 5% in 2015. Since 1995, commercial bank assets have grown from Shs700 billion (Shs4 trillion in 2016 prices) to Shs24 trillion; deposits from Shs383 billion (Shs2.2 trillion in 2016 prices) to Shs16 trillion. All other indicators - profits, wages, branches, accounts, have grown exponentially over the same period.
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