The Court of Appeal from the High Court of Justice Business and Property Courts in England issued a judgement quashing earlier decision by the lower court exonerating DFCU bank and its shareholders from fraudulently taking over Crane Bank. The Court of Appeal contends with Sudhir Ruparelia and 7 other applicants that DFCU bank and its […]
dfcu Bank has acquired all Crane Bank assets and assumed all liabilities. The takeover was confirmed by both the Central ‘Bank of Uganda’ (BoU) and ‘dfcu bank’. The Kyadondo Road based financial institution will close all Crane Bank branches from 28th – 29th January to effectively integrate both Crane Bank and dfcu bank systems. “We […]
The banking sector has been left in fear after Bank of Uganda’s decision to take over management of Crane Bank, the third largest financial institution in the country, ignited a fear and shaken trust in the country’s financial sector. Our Sources yesterday got a confidential report, showing billions of shillings has since been hurriedly withdrawn […]
Crane Bank insiders have spoken out following Bank of Uganda’s decision to take over management of the commercial bank and suspension of its board. For the last 6 months, Crane Bank management has been engaging Bank of Uganda as it also negotiated with potential investors to recapitalize, an insider at Crane Bank said expressing betrayal […]
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. ” I don’t normally comment on individual banks, however BoU is there to protect customers deposits and ensure a sound fine […]
The management of Crane Bank has spoken out on the social media saga rocking the financial institution. The bank has assured its customers that all is well with the institution and thanked them for the continued support and loyalty. The Crane Chambers Kampala Road based bank said with its customers, it has demonstrated its strength […]
The management of Crane Bank has called on the general public to ignore messages and pictures circulating on social media platforms about the bank. The management said a picture of people lining up to enter Crane Bank is an old picture taken during the opening of Crane Bank, Ntinda branch. “The picture they are sharing […]
