A man holds some money. dfcu Bank offers financing options for SMEs in a form of; unsecured bid guarantees of up Shs500 million. PHOTO/Rachel Mabala Most SMEs still have not fully recovered from the aftershocks of the coronavirus pandemic while some SMEs have closed due to the financial constraints. When governments across the globe imposed […]
Mutebile Emmanuel Mutebile, the Governor, Bank of Uganda has called upon clients of Crane Bank with pending loans to clear their obligations because the Central Bank is in the final stages of selling assets of the defunct bank. Mutebile in a statement said that Bank of Uganda had taken over the liquidation process of Crane […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
Bank of Uganda Bank of Uganda (BoU) has published interest rates and charges at different commercial banks in Uganda in a move “to promote transparency and enhance competition in the provision of banking services to the public.” The central bank advised customers who are being offered/charged differently from what is published to report the matter […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
Bank of Uganda Bank of Uganda (BoU) has published interest rates and charges at different commercial banks in Uganda in a move “to promote transparency and enhance competition in the provision of banking services to the public.” The central bank advised customers who are being offered/charged differently from what is published to report the matter […]
YassaKo Yaka Umeme YassaKo is a micro-credit emergency payment option for users to top-up or recharges their utility bills like Yaka to enjoy uninterrupted usage. The service enables and facilitates electricity-prepaid users to get micro-credit to top-up or recharge and get electricity units on credit. All you need is any feature phone phone and your […]
While in receivership there remains some hope of the company recovering and resuming operations, now the liquidation means Crane Bank’s complete and permanent closure, a move that will see the defunct lender’s chapter closed for good. The Central Bank as a liquidator issued a statement on Friday. A liquidator is an officer or entity who […]
Former Crane Bank owner Sudhir (L) and his son Rajiv at the Commercial court in Kampala in 2019 The Central Bank of Uganda has placed Crane Bank Limited (CBL) under liquidation and ordered the winding up of it’s affairs, Chimp Corps report. Liquidation is the process of permanently closing a bank and its branches, selling […]
By Deo Wasswa Economic analysts say it is illegal for the central Bank to liquidate Crane Bank in receivership because the process of receivership ended on 18th January 2018 after selling the bank to DFCU. According to Andrew Mwenda, what the Bank of Uganda is doing is against the law and whoever is advising them […]
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