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dfcu Closes 23 Crane Bank Branches After Takeover

The Bank of Uganda has revealed that the collapsed firm became undercapitalised in a space of a year due to failure by borrowers to honour their debt obligations.

Mark Keith Muhumuza/Daily Monitor

Left to right: dfcu Bank executive director William Sekabembe, managing director Juma Kisaame, chairman Jimmy Mugerwa and company secretary Agnes Tibayeta Isharaza address journalists in Kampala.

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