ABOUT CRANE BANK
Crane Bank is the largest locally owned Commercial Bank in Uganda. The bank is a part of the Ruparelia Group of Companies whose business interest interalia includes Insurance, Hospitality, Education, Media, Horticulture, Property Ownership and Management. The Chairman of the group
Dr. Sudhir Ruparelia is ranked #18 in the Forbes "AFRICA's 40 RICHEST".
Crane Bank is head quartered in Kampala and has 40 Branches across Uganda. The Branch network will increase to 50 by the end 2015. Crane Bank is the only Bank in Uganda with a paid up capital of Ush.100 billion, which is way above the regulatory requirements. With a CAGR of 36% lowest cost/income ratio and Tier I and Tier II well above 27%. Crane Bank is one of the strongest banks in Uganda.
PRESS RELEASE
Our attention has been drawn to rumours surrounding the absence of its Managing Director Mr. A. R. Kalan from office. The rumours with a variety of flavours ranging from loss of USD 18 million, others Shs. 60 billion etc are baseless and unfounded. They should be ignored.
Mr. Kalan is on leave with the approval of the Board of Directors.
On granting an extended leave the Board appointed one of its Executive Directors Mr. P. K. Gupta, a seasoned Banker, as the acting Managing Director.
The Board is pleased to announce that in compliance with the requisite regulations governing Financial Institutions , Mr. P.K. Gupta is the Acting Managing Director until further notice.
We appreciate the ever growing support of the Bank`s clientele all over the country as the spread of the branch network continues .
Thank you
Chairman , Board of Directors
Click here to read more about the Crane Bank rumours
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