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Uganda: Where Was Govt When Cracks Were Emerging At Crane Bank?
Monitor, 22 February 2017
At the end of 2013, cracks were revealed in the operations of Crane Bank when it was exposed to large bad debt book. It had also made provisions for those debts, the highest ever… Read more »
Where Was Uganda Govt When Cracks Were Emerging At Crane Bank?
The firm, once the largest in Uganda, reportedly started to show signs of disintegration at the end of 2013, when it was exposed to a huge amount of bad debt but the country's national bank didn't come to its rescue.
InFocus
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The last time Sudhir Ruparelia spoke to the media was at the time when his bank was seeking a strategic investor to buy a stake and resuscitate the crumbling firm. Read more »
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There is still shock in the air after the once-dominating banking firm crumpled and was scooped up by an "underdog" in the industry. Read more »
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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 »
