Bank of Uganda takes over Crane bank amidst drama.

By Isaac Senabulya on October 24, 2016 Bank of Uganda, Bank of Uganda last week took over the management of crane Bank, Central Bank will continue with the bank’s management and has asked the staff to corporate so as to have the Bank continue running normally under new management., Governor of the Central Bank, the central Bank revoked section 87-1 and 88-1 of the financial institutions act 2004 to take the decision, Tumusiime Mutebile also suspended the Board of directors of crane Bank, tycoon Sudhir Ruparelia Latest Uganda News

Bank of Uganda last week took over the management of crane Bank amidst confusion on who actually is in charge of the embattled financial institution owned by tycoon Sudhir Ruparelia. Earlier during the week, Bank of Uganda had assured the public that nothing was wrong at the Bank which is famous for winning international excellence […]