On June 30, 2017, Crane Bank in receivership, filed a commercial case before the High Court, Commercial Division in which it was seeking to recover over Shs397b from Mr Ruparelia, ...

A hostile environment which threatened Crane Forex Bureau’s existence made the creation of Crane Bank necessary. “We were doing a lot of forex business; there was a time when we were doing ...

Crane Bank became the flagship entity in his business empire and was instrumental in elevating Ruparelia, his family and some of his other businesses. He could, through the bank, ...

Crane Bank's problems stemmed from a huge burden of non-performing loans in 2015. Apparently, when a debtor fails to make any payments to service the loan as par the loan contract within 60 days ...

Prime Crane becomes second Ugandan bank to fall after Imperial Sunday, October 23, 2016 — updated on December 25, 2020 - 1 min read ...

CRANE Bank has purchased all assets of Stanhope Finance Company and assumed all its liabilities following an approval by Bank of Uganda (BOU). Call Us: +256 (0)414 337 000 Mail Us: news@newvision ...

Crane Bank reported a consolidated pre-tax loss of 7.353 billion shillings ($2.14 million) in 2015 compared to a 57.066 billion shillings profit in 2014, ...

Crane Bank, set up in 1995, offered corporate and retail services, with a focus on micro, small and medium-sized businesses. Its 2015 report said the bank was controlled by businessman Sudhir ...

Sudhir's shareholding in Crane Bank has been reducing over the years. In 1995, when the bank started operations, Sudhir personally controlled 44.3 per cent of the bank.