Crane Bank

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Crane Bank
Private
Industry Financial services
Founded 1995
Headquarters 38 Kampala Road, Kampala, Uganda
Key people
 Joseph Biribonwa,
chairman
P. K. Gupta,
acting chief executive officer
Products Loans, savings, checking, investments, debit cards, credit cards, mortgages
Revenue IncreaseAfter tax: UGX:50.6 billion[1] (2014)
Total assets UGX:1.720 trillion (2014)
Number of employees
 600+ (2015)[2]
Website Homepage

Crane Bank is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the national banking regulator.[3]

Overview

The bank is a large financial services provider in Uganda. At the end of 2014, Crane Bank was the third largest commercial bank in Uganda, with assets of approximately UGX:1.720 trillion and shareholders' equity of approximately UGX:316 billion.[1][4] In 2014, the bank was the largest indigenous bank in Uganda.[5] In October 2015, it had more than 750,000 customers.[6]

History

Crane Bank started operations on 21 August 1995 "with a vision of being the largest privately owned Ugandan Bank."[1]

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.[7]

On 30 January 2014, Crane Bank established Crane Bank Rwanda Limited, a wholly owned subsidiary,[1] with the first branch in Rwanda opening to customers on 30 June 2014.[8]

Plans were announced in 2013 to expand to the Democratic Republic of the Congo and South Sudan.[9]

Ownership

The bank is a member of the Ruparelia Group, which includes financial institutions, insurance companies, real estate investments, horticultural enterprises, hotels, and resorts.[10] As of 31 December 2014, Sudhir Ruparelia controlled the bank by controlling 48.67 percent of the voting rights in the bank because of the shares held by him and his close family members.[1]

In September 2013, Ugandan print media reported that the bank's stock would be listed on the Uganda Securities Exchange in 2014.[11] Those plans, however, were put on hold, with the bank explaining at the end of 2014 that it was focusing on its expansion plans first.[12]

Governance

The bank is governed by a ten-person board of directors. As of 31 December 2014, Joseph Biribonwa was the chairman of the board. Sudhir Ruparelia, the largest shareholder, served as the vice chairman. The acting managing director was P. K. Gupta. He was assisted by three executive managers and a senior management team of 19 persons.[1]

Branch network

As of October 2015, Crane Bank maintained a branch network in all four regions of the country. The branches of the bank included the following locations, arranged alphabetically:[13]

  1. Abayita Ababiri Branch - Plot 688-893, Block 438, Entebbe Road, Abayita Ababiri
  2. Arua Branch - 1 Adumi Road, Arua
  3. Bugoloobi Branch - 71 Spring Road, Opposite Bugoloobi Market, Bugoloobi[14]
  4. Busia Branch - Busia
  5. Entebbe Airport Branch - Entebbe International Airport[15]
  6. Entebbe Branch - Entebbe Town
  7. Gulu Branch - 23 Gulu Avenue, Gulu
  8. Hoima Branch - 40 Main Street, Hoima[16][17]
  9. Ibanda Branch - 44 & 46, Kamwengye Road, Ibanda[18]
  10. Iganga Branch - 80 & 82 Main Street, Iganga
  11. Islamic University Branch - IUIU Main Campus, Mbale
  12. Jinja Branch - 40 Lubas Road, Jinja
  13. Jinja Road Branch - 1-13 Iconic Towers, Jinja Road, Kampala
  14. Kabalagala Branch - Ggaba Road, Kabalagala, Kampala
  15. Kabale Branch - 143-145 Kabale Road, Kabale
  16. Kampala Road Branch - Crane Chambers, 38 Kampala Road, Kampala Main Branch
  17. Kikuubo Branch - 18 Nakivubo Road, Kampala
  18. Kireka Branch - 106 Kampala–Jinja Highway, Kireka, Kira Municipality[19]
  19. Kisekka Market Branch - Shops 1-4 & 29-31, Kisekka Market, Kyaggwe Road, Kampala
  20. Kisementi Branch - Kisementi Mall, Kololo, Kampala[20]*
  21. Kisoro Branch - 65-75 Kisoro-Kabale Road, Kisoro
  22. Kyambogo Branch - Kampala-Jinja Highway, Kyambogo, Kampala[21]
  23. Kyambogo University Branch - Main Campus, Kyambogo University, Kampala
  24. Kyengera Branch - Kampala-Masaka Highway, Kyengera[22]
  25. Lira Branch - Lira Avenue, Lira
  26. Luwum Street Branch - 28 Eagle Plaza, Luwum Street, Nakasero, Kampala[23]
  27. Luweero Branch - Plot 846, Block 652, Bulemeezi County, Luweero[24]
  28. Lyantonde Branch - Plot 5, Block 76, Lyantonde
  29. Makerere University Branch - Senate Building, Makerere University Main Campus, Makerere[25]
  30. Malaba Branch - 2-4 Tanga Road, Malaba
  31. Market Street Branch - 9 Market Street, Kampala
  32. Masaka Branch - 2 Broadway Road, Masaka[26]
  33. Mbale Branch - 47 Republic Street, Mbale
  34. Mbarara Branch - 51 High Street, Mbarara
  35. Mukono Branch - 18-20A Kampala-Jinja Highway, Mukono[27]
  36. Naalya Branch - Metroplex Shopping Mall, Kampala Northern Bypass Highway, Naalya[28]
  37. Najjanankumbi Branch - Freedom City Mall, 1040 Entebbe Road, Najjanankumbi
  38. Nakivubo Road Branch - 40A Nakivubo Road, Kampala
  39. Ndeeba Branch - Plot 93, Block 7, Mengo Kibuga, Ndeeba
  40. Ntungamo Branch - 18 Old Kabale Road, Ntungamo
  41. Royal Plaza Branch - Royal Plaza, 35 Luwum Street, Kampala
  42. Rushere Branch - Plot 52-54, Block 68, Rushere
  43. Sixth Street Branch - 165 Sixth Street, Industrial Area, Kampala
  44. Soroti Branch - 4 Kennedy Square, Soroti
  45. Village Mall Branch - Village Mall Branch, Bugoloobi[20]*

Key*: The Kisementi branch in Kololo and the Village Mall branch in Bugoloobi are open 24 hours a day.

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ "Banking: How Crane Bank Beat Rivals in 2014", The Investigator, reported by Robert Ndawula, 18 January 2015, accessed 5 August 2015
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ 20.0 20.1 Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  26. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  27. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  28. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

Retrieved from "https://infogalactic.com/w/index.php?title=Crane_Bank&oldid=717463375"