Crane Bank

Crane Bank

Type	Private
Industry	Financial Services
Founded	1995
Headquarters	38 Kampala Road, Kampala, Uganda
Key people	Joseph Biribonwa Chairman A. R. Kalan Managing Director
Products	Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Revenue	Aftertax: US$22.4+ million (UGX:51.6 billion) (2010)[1]
Total assets	US$340.7 million (UGX:783.6 billion) (2010)
Website	Homepage

Crane Bank is a commercial bank in Uganda. It is one of the twenty-three (23) commercial banks licensed by the Bank of Uganda, the national banking regulator.

Overview

The bank is a mid-sized financial services provider in Uganda. It is involved in all aspects of commercial banking with a focus on the provision of banking services to foreign embassies and non-governmental organizations and their staffs. As of December 2010^[update], Crane Bank was the 6th largest commercial bank in Uganda, with an asset valuation of approximately US$341 million (UGX:783.6 billion), with shareholder's equity of about US$61.7 million (UGX:142.2).^[2]

History

Crane Bank started operations in 1995 after receiving a commercial bank license from the Bank of Uganda. The bank is a member of the Ruparelia Group which includes financial institutions, insurance companies, real estate investments, horticultural enterprises, hotels and resorts.^[3]

Ownership

The exact percentage share ownership of Crane Bank is not publicly known. The bank is a member of the Ruparelia Group which includes Insurance companies, schools, radio stations, hotels and resorts.

Governance

Crane Bank is governed by a ten (10) person Board of Directors. Joseph Biribonwa, one of the non-Executive Directors is the Chairman of the Board. The Managing Director and Chief Executive Officer is A.R.Kalan. He is assisted by ten (10) other managers in the supervision of the daily operations of Crane Bank.^[4]

Branch Network

As of March 2010, Crane Bank has a branch network of fifteen (15) branches in the central, eastern, northern and western parts of Uganda. The branches of the bank include the following locations:^[5][6]

1. Kampala Road Branch - Kampala Road, Kampala (Head Office)
2. Nakivubo Road Branch - Nakivubo Road, Kampala
3. Jinja Branch - Lubas Road, Jinja
4. Mbale Branch - Republic Street, Mbale
5. Mbarara Branch - High Street, Mbarara
6. Iganga Branch - Main Street, Iganga
7. Gulu Branch - Gulu Avenue, Gulu
8. Lira Branch - Lira Avenue, Lira
9. Kabale Branch - Kabale Road, Kabale
10. Kyambogo Branch - Kyambogo University, Kampala^[7]
11. Kireka Branch, Kireka, Kampala-Jinja Highway, Kira Municipality^[8]
12. Arua Branch - Arua
13. Kisoro Branch - Kisoro
14. Fort Portal Branch - Fort Portal
15. Soroti Branch - Soroti

See also

• List of banks in Uganda
• Banking in Uganda
• Ruparelia Group

External links

• Crane Bank Homepage
• Highlights of 2010 Financial Report
• Crane Bank Plans To Expand To Rwanda And DRC
• Foreign Exchange Calculator At Oanda.com

References

1. ^ Crane Bank Profits Increase By 61%
2. ^ December 2010 Financial Data
3. ^ Ruparelia Group Holdings
4. ^ Comments from the Managing Director
5. ^ Branches of Crane Bank
6. ^ Crane Bank Has Fifteen Branches As of March 2010
7. ^ Kyambogo Branch Opened In 2009
8. ^ Crane Bank Opens Eleventh Branch