Crane Bank
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
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
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
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
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
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
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
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
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 baseMore Crane Bank
Crane Bank takeover — what you need to know, and implications
Bank of Uganda ended weeks of speculation about Crane Bank, announcing on Thursday that it is taking over management of the lender. Here is what you need to know about the central bank's move and what it means for Crane Bank and its customers.
Bank of Uganda takes over troubled Crane Bank, suspends management
Bank of Uganda has taken over the management of Crane Bank Limited, Emmanuel Tumusiime-Mutebile, governor of the central bank, told journalists at a hastily convened press conference on Thursday.
Social media message on Crane Bank inaccurate, says BoU (Updated)
"Guys, if you know anyone with money in Crane Bank, tell them to remove it... Within the next week," the message circulating on WhatsApp on Thursday morning said. It was signed: "Insider BoU." Bank of Uganda has denied the message.
We have not approved Crane Bank sale – Bank of Uganda statement
Bank of Uganda has not received any request from Crane Bank to approve a change in shareholding. Should such a request be received, the proposed shareholders will be vetted for "fit and proper" credentials.
Bank of Uganda has not approved Crane Bank sale, official says
Bank of Uganda is not aware of Crane Bank's planned merger, and has not approved a sale of the bank, according to Benedict Sekabira, the director commercial banking at Bank of Uganda.
Crane Bank denies rumours of sale, says in merger talks with “strategic equity investor”
Crane Bank Uganda was Thursday forced to deny rumours that it is up for sale, saying instead that is merging with a "strategic equity investor." A report circulating on social media said the bank has sold 70% of its shares to South African investors.