Fate of Uganda's Crane Bank Sealed
After a long period of struggling and bailouts, the troubled firm has been taken over by the Development Finance Company of Uganda Bank.
Former Crane Bank Ntinda branch has now been rebranded to dfcu.
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Uganda:
Crane Bank Acquisition - What Next for Dfcu?
Monitor, 29 January 2017
dfcu Bank managed to pull-off the second largest bank acquisition in Uganda since Standard Bank of South Africa bought Uganda Commercial Bank (UCB), now Stanbic Bank, in 2000. Read more »
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Uganda:
DFCU Takes Over Crane Bank
Monitor, 27 January 2017
In exercise of its powers as receiver, under Sec 95(1)(b) of FIA, Bank of Uganda has transferred the liabilities (including deposits) of Crane to DFCU Bank. Read more »
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Uganda:
Six Banks Bid to Buy Crane Bank
Monitor, 19 December 2016
At least six financial institutions, among them two Ugandan entities, are clamouring to buy Crane Bank whose management the Bank of Uganda took over in October, this year, over… Read more »
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Uganda:
Bank of Uganda - Crane Bank Will Not Collapse
Independent (Kampala), 4 December 2016
Bank of Uganda has moved to assure customers that Crane Bank will not collapse in spite of its current challenges. Read more »
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Uganda:
Cranes Receive Bonuses As Inactive Accounts Stall Process
Monitor, 24 November 2016
Micho Sredojevic, the Uganda Cranes coach, has received his share of the 2017 Africa Cup of Nations qualification bonus. Read more »
InFocus
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The former presidential candidate Amama Mbabazi and Prime Minister Ruhakana Rugunda, among other shareholders of the defunct National Bank of Commerce, have asked the ... Read more »