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Uganda: Crane Bank - Answering the Lingering Questions
Monitor, 8 February 2017
Both the Central Bank and dfcu Bank Limited confirmed that dfcu has now taken over some of the assets that belonged to Crane Bank Limited. Read more »
There is still shock in the air after the once-dominating banking firm crumpled and was scooped up by an "underdog" in the industry.
Guards outside a dfcu branch.
The unlikely winner shocked the country when the Bank of Uganda Governor, Emmanuel Tumusiime-Mutebile, announced that they were transferring liabilities and assets of Crane Bank to ... Read more »
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. Read more »
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