Crane bank

Police should investigate Bagyenda’s wealth and not journalists

Muhereza KyamuteteraCompany NewsThe Big StoryThought LeadershipMay 29, 2018

For months now, Justine Bagyenda, the sacked Executive Director, Supervision at Bank of Uganda has been in the headlines over her unexplainable wealth. Although both the Inspectorate of Government (IGG)…

Dr Kasekende, it is too early to dance on Crane Bank’s grave

Forbes KaluleCompany NewsThe Big StoryThought LeadershipApril 10, 2018April 10, 2018

On April 06th 2-18, Bank of Uganda Governor, Dr Louis Kasekende, spoke out, for the first time in a long time about the sale, by Bank of Uganda of Crane…

Crane Bank saga: Top audit firms KPMG, PwC cited as unfit to probe BoU

Forbes KaluleCompany NewsThe Big StoryThought LeadershipApril 5, 2018April 5, 2018

Two of the auditing firms shortlisted by the Auditor General to examine Bank of Uganda operations in relation to the now controversial sale of Crane Bank to dfcu Bank among other…

Dfcu to pay Shs200 bn for Crane Bank in 3 years; earns Shs260 bn on the deal in just 11 months

Muhereza KyamuteteraCompany NewsThe Big StoryMarch 31, 2018March 31, 2018

Bank of Uganda sold Crane Bank for Shs200 billion to Dfcu Group; payable over 3 years, in just 11 months after the contentious deal,  Dfcu has reported earning Shs260 billion…

Inside Dfcu-Crane Bank takeover: Will Sudhir have the last laugh?

The CEO Magazine TeamCommercial JusticeCompany NewsThe Big StoryFebruary 21, 2018February 21, 2018

The Central Bank had statutory powers to take over Crane Bank, its assets and liabilities, but did it stretch this a little too far when it decided to claim 42…

Crane Bank crosses the Ushs1 trillion asset mark

theceomaThe Big StoryDecember 16, 2013December 16, 2013

By Patrick Kagenda  Crane Bank assets have crossed the Ushs1 trillion mark, making Crane Bank and Centenary Bank, the only two local banks with over Ushs1 trillion in assets. This…