Connect with us

Banking, Finance and Insurance

BOU places Crane Bank Ltd under liquidation

Spread the love

Bank of Uganda (BoU) in exercise of its powers under Section 99 (1) & (2) of the Financial Institutions Act, 200,4 has placed Crane Bank Ltd under liquidation and ordered the winding up of its affairs.

In a public notice issued on November 13, 2020, BoU will be the liquidator of CBL. “All borrowers of CBL, whose loans were transferred to DFCU Bank under the purchase of assets and assumption of liabilities agreement between CBL (In Receivership) and DFCU Bank Ltd, must continue to service their loan obligations with DFCU Bank Ltd,” said the notice.

For more informatin, please click on this link. Source: Bank of Uganda

Continue Reading
You may also like...
Click to comment
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Banking, Finance and Insurance

Ideashousebiznews

Uganda's leading Business, Brand, Trade Industry and Service Online Newspaper.
Covering Customer, Company and Country News, giving Accurate Analysis Assessment and Answers.

Trending Stories!

News Categories

Subscribe to our Newsletter

To Top