Crane bank, Sudhir Ruparelia and Kirumira Godfrey are appearing in news for all wrong reasons.

However one patriotic Ugandan Mr Derrick Nsereko has come up to challenge bank of Uganda and issued an intention to sue to its management and wants it investigated for failing to do its supervisory roles hence being responsible for all Crane bank woes:

BOU Report for 2014 said;

Bank of Uganda in pursuit of its statutory mandate of ensuring a safe and sound financial system through on-site and offsite surveillance of Supervised Financial Institutions (SFIs) found out that.

During 2014, BOU conducted on-site examinations of all the licensed commercial banks and found all banks “except one which was closed during the year, were adequately capitalized. The sector achieved a recovery in loan quality, from the high level of non-performing loans that followed the economic downturn in 2011 / 2012, as reflected by the improvement in the ratio of non-performing loans to total loans from 5.6 percent in December 2013 to 4.1 percent in December 2014. The banking sector posted credit growth of 14 percent during 2014, which augmented the sector’s profitability.”

Mr Derrick Nsereko
Mr Derrick Nsereko
Mr Derrick Nsereko
Mr Derrick Nsereko

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