Th central bank has taken over the once largest local bank in terms of assets, whose spectacular growth saw it spread wings to neighbouring Rwanda.
How Crane Bank Got Into Trouble
Observer, 21 October 2016
Commercial bank's tale of survival ends in BOU takeover Read more »
Crane Bank’s Iganga branch (file Photo).
Lessons to Learn From Crane Bank Takeover
Monitor, 25 October 2016
The rise in the levels of non-performing loans, weak private credit growth and the subsequent takeover of Crane Bank management by the Bank of Uganda shows that Uganda's banking… Read more »
Crane Bank's Model Thrived Until Economic Woes Emerged
Observer, 24 October 2016
The collapse of Crane bank, the local financial institution that embraced downtown traders like no other bank over the last decade, represents an end of an era on many fronts. Read more »
How to Get Crane Bank Out of the Trenches Without Recourse to the Fiscus
Monitor, 24 October 2016
Last week, Bank of Uganda invoked its powers under sections 87(3), 88(1)(a) and (b) of the Financial Institutions Act (FIA), 2004 (as emended in 2016) and placed Crane Bank Uganda… Read more »
Bank of Uganda Takes Over Management of Crane Bank
Independent (Kampala), 20 October 2016
The Bank of Uganda has with effect from today taken over management of Crane Bank Limited. Read more »
What Crane Bank Takeover Means
Monitor, 20 October 2016
The suspension of Crane Bank top management by the Central Bank will have no bearing on the daily operations of Uganda's fourth largest bank by assets. Read more »
Slow Business At Crane Bank As BOU Takes Over
Observer, 20 October 2016
Just a few Crane bank branches upcountry operated normally today as the central bank, Bank of Uganda (BOU) announced a take-over of the country's third largest bank. Read more »
National Bank Says Crane Bank Woes in Uganda Will Not Affect Local Subsidiary
New Times, 21 October 2016
The takeover of the management of Crane Bank Uganda by Uganda's central bank will not have an immediate effect on its local subsidiary, National Bank of Rwanda (BNR) governor John… Read more »
Selling a Stake in Business Doesn't Mean Loss of Control
Monitor, 3 October 2016
In the recent past, main stream and social media have been awash with reports about the decision by Crane Bank directors to sell a stake of arguably one of Uganda's largest and… Read more »
The owner has admitted that he hasn't sought clearance on the proposed share sale in the country's fourth largest bank. Read more »
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