dbo:abstract
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- Crane Bank Limited is a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank Limited was closed by Bank of Uganda (BoU) on October 20, 2016, after it failed to comply with a capital call on July 1, 2016. On February 11, 2022, Supreme Court dismissed Bank of Uganda’s appeal against Sudhir Ruparelia and Meera Investments, and ordered the central bank to directly pay costs at all Court levels. (en)
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dbo:industry
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dbo:location
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dbo:numberOfEmployees
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- 600 (xsd:nonNegativeInteger)
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- 11747 (xsd:nonNegativeInteger)
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dbp:foundation
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dbp:keyPeople
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- chairman (en)
- Joseph Biribonwa (en)
- P. K. Gupta (en)
- acting chief executive officer (en)
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dbp:location
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dbp:name
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dbp:numEmployees
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dbp:products
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- Loans, savings, checking, investments, debit cards, credit cards, mortgages (en)
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dbp:revenue
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- After tax: UGX:12.52 billion (en)
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rdfs:comment
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- Crane Bank Limited is a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. (en)
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