How did Crane Bank fall on hard times?

The Bank that was flying high at 199 billion shillings in capital in 2015, is now tightly under the management of the Central bank over capitalization concerns. In a public notice to customers, Bank of Uganda said the bank’s under-capitalization posed a systematic risk to the stability of the financial system and the continuation of its activities under the current form were detrimental to depositors. So how did it come to this. A reading of Crane Bank’s financials gives us an insight. Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter   / ntvuganda   Like our Facebook page   / ntvuganda