Bank of Uganda takes over Crane Bank

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The Bank of Uganda (BoU) has with effect from today, 20th October 2016, taken over management of Crane Bank Limited.

Bank of Uganda (BoU)  take over comes amid rumors that the bank was closing.

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” I don’t normally comment on individual banks, however BoU is there to protect customers deposits and ensure a sound fine system, ” Mutebile said.

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Information reaching our desk shows BoU has also appointed a Statutory Manager of The Affairs of Crane Bank Ltd. Crane bank will remain open and operational as normal but under the management and control of Bank of Uganda.

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