Bank of Uganda Governor Tumusiime Mutebile has confirmed that the institution has conveyed embattled Crane Bank’s assets to DFCU bank.
Bank of Uganda has now transferred the liabilities of Crane Bank to DFCU Bank
All customers and depositors of Crane Bank shall now have their accounts operated by DFCU Bank through its wide Branch network.
Governor Mutebile says DFCU emerged overall winner among 13 institutions that bid to take over Crane Bank.
Mutebile said on Friday, “All customers and depositors of Crane Bank shall now have their accounts operated by DFCU.”
“We congratulates DFCU upon this significant milestone that will certainly make the bank’s footprint wider.
In October, a cash-strapped Crane bank was taken over by Bank of Uganda (BoU). In order to avoid a complete collapse of Crane bank, the government injected Shs 200bn to try and rescue the third-largest indigenous bank in the country.