Mutebile suspends Crane Bank bosses as BOU takes over

Mutebile suspends Crane Bank bosses as BOU takes over

Bank of Uganda has put Crane Bank under receivership, takes over management with immediate effect. Our reporters have sighted police officers instead of the usual Nepalese guards at the Bank’s branches across the Uganda. Central Bank Governor Tumusime Mutebile said: “Crane Bank is under-capitalised and poses systemic risk to the banking sector. Board of Directors […]