Crane Bank

Politics & Policy

Bank of Uganda governor says bank closures were well-intentioned

Governor tells Parliament probe Bank was right to intervene in closed banks but acknowledges post-intervention challenges
Bank of Uganda's head office in Kampala.
EconomyPolitics & Policy

Central Bank had to take over Crane Bank – Governor Mutebile

The intervention in Crane Bank, was the most difficult of these interventions and the one which was potentially the most problematic, because it was a large bank of systemic importance, and because of the huge magnitude of the losses it had incurred
Bank of Uganda governor, Emmanuel Tumusiime-Mutebile
EconomyMarketsPolitics & Policy

Crane Bank was bankrupt when taken over by BoU: Kasekende

Bank of Uganda's deputy governor Lois Kasekende says the successful resolution of Crane Bank in January 2017 is the main reason for the improvement in financial soundness indicators of the banking system last year
Politics & Policy

Central Bank governor responds to criticism of BoU management

Bank of Uganda's governor says claims that the Bank or its management are guilty of incompetence and are no longer up to the task of executing its constitutional mandate are not supported by evidence and should be treated with contempt
Officials seated around a conference table during a press briefing
Politics & Policy

Bank of Uganda announces staff changes as Bagyenda retires

Bank of Uganda has announced several appointments to its top management team and transfers, including a new executive director of supervision
Officials seated around a conference table during a press briefing
Economy

2017 was a year of consolidation in the banking sector – Kasekende

Many of the problems facing the banking industry today can be more effectively solved if banks cooperate to pool resources and realise economies of scale and thereby reduce costs
Markets

Dfcu’s Shs200bn rights issue 95.21% subscribed

Dfcu Limited, the holding company of Dfcu Bank, raised Shs190.6bn in a rights offering to settle a shareholder loan
CompaniesMarkets

Dfcu to raise Shs200bn in rights issue

Dfcu Limited, the holding company of dfcu Bank, announced Monday that it expects to raise Shs200 billion by selling new shares in a rights issue to settle a shareholder loan
CompaniesCorporate earnings and results

Dfcu gets profit boost from Crane Bank acquisition

The first financials released by Dfcu Bank since its acquisition of Crane Bank this January show a rapid rise in the bank's profits and asset base
A Dfcu Bank branch on Kampala Road
CompaniesPolitics & Policy

Governor defends central bank on Crane Bank supervision

Tumusiime-Mutebile says much of the commentary on Crane Bank in the media and on social media betrays a profound misunderstanding of how bank supervision works and what can realistically be achieved by a bank regulator
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