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Private company

Crane Bank

Commercial bank in Uganda

Crane Bank Limited was a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank Limited was closed by Bank of Uganda (BoU) on 20 October 2016, after it failed to comply with a capital call on 1 July 2016.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1995Founded1

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Crane bank Uganda
Photo: Erinamukuta, CC BY-SA 4.0, via Wikimedia Commons4

Crane Bank Limited was a commercial bank in Uganda licensed and supervised by the Bank of Uganda (BOU), the central bank and national banking regulator. Crane Bank was acquired by DFCU Bank in January 2017 at a cost of Ush200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda.2

The story

Crane Bank started operations on 21 August 1995 "with a vision of being the largest privately owned Ugandan Bank."

In September 2012, Crane Bank acquired the assets and some of the liabilities of the National Bank of Commerce, a small, indigenous, financial services provider in Uganda that had lost its banking license.

On 30 January 2014, Crane Bank established Crane Bank Rwanda Limited, a wholly owned subsidiary, with the first branch in Rwanda opening to customers on 30 June 2014.

From Wikipedia’s article on Crane Bank, shared under CC BY-SA 4.0.3

Timeline

  1. 1995Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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