Crane Bank

From Wikipedia, the free encyclopedia
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 managing director
Products Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages
Revenue IncreaseAfter tax: USh:50.6 billion[1] (2014)
Total assets USh:1.720 trillion (2014)
Number of employees
500+ (2012)
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.[2]

Overview[edit]

The bank is a large financial services provider in Uganda. It is involved in all aspects of commercial banking with a focus on providing banking services to foreign embassies and non-governmental organizations and their staffs.[citation needed] At the end of 2014, Crane Bank was the third largest commercial bank in Uganda, with assets of approximately USh:1.720 trillion and shareholders' equity of approximately USh:316 billion.[1][3] In 2013, Crane Bank was the largest indigenous Ugandan commercial bank.[4] In October 2013, its customer base was estimated at more than 600,000 persons.[5]

History[edit]

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.[6]

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.[7]

Plans were announced in 2013 to expand to the Democratic Republic of the Congo and South Sudan.[8]

Ownership[edit]

The exact percentage share ownership of Crane Bank is not publicly known.

The bank is a member of the Ruparelia Group, which includes financial institutions, insurance companies, real estate investments, horticultural enterprises, hotels, and resorts.[9] 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 that he and his close family members held.[1]

In September 2013, Ugandan print media reported that the bank's stock will be listed on the Uganda Securities Exchange in 2014.[10] Those plans, however, were put on hold, with the bank explaning at the end of 2014 that it was focusing on its expansion plans first.[11]

Governance[edit]

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[edit]

As of December 2014, Crane Bank maintains a branch network in all four regions of the country. The branches of the bank include the following locations, arranged alphabetically:[12]

  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[13]
  4. Busia Branch - Busia
  5. Entebbe Airport Branch - Entebbe International Airport[14]
  6. Entebbe Branch - Entebbe Town
  7. Gulu Branch - 23 Gulu Avenue, Gulu
  8. Hoima Branch - 40 Main Street, Hoima[15][16]
  9. Ibanda Branch - 44 & 46, Kamwengye Road, Ibanda[17]
  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[18]
  19. Kisekka Market Branch - Shops 1-4 & 29-31, Kisekka Market, Kyaggwe Road, Kampala
  20. Kisoro Branch - 65-75 Kisoro-Kabale Road, Kisoro
  21. Kyambogo Branch - Kampala-Jinja Highway, Kyambogo, Kampala[19]
  22. Kyambogo University Branch - Main Campus, Kyambogo University, Kampala
  23. Kyengera Branch - Kampala-Masaka Highway, Kyengera[20]
  24. Lira Branch - Lira Avenue, Lira
  25. Luwum Street Branch - 28 Eagle Plaza, Luwum Street, Nakasero, Kampala[21]
  26. Luweero Branch - Plot 846, Block 652, Bulemeezi County, Luweero[22]
  27. Lyantonde Branch - Plot 5, Block 76, Lyantonde
  28. Makerere University Branch - Senate Building, Makerere University Main Campus, Makerere[23][dead link]
  29. Malaba Branch - 2-4 Tanga Road, Malaba
  30. Market Street Branch - 9 Market Street, Kampala
  31. Masaka Branch - 2 Broadway Road, Masaka[24]
  32. Mbale Branch - 47 Republic Street, Mbale
  33. Mbarara Branch - 51 High Street, Mbarara
  34. Mukono Branch - 18-20A Kampala-Jinja Highway, Mukono[25]
  35. Naalya Branch - Metroplex Shopping Mall, Kampala Northern Bypass Highway, Naalya[26]
  36. Najjanankumbi Branch - Freedom City Mall, 1040 Entebbe Road, Najjanankumbi
  37. Nakivubo Road Branch - 40A Nakivubo Road, Kampala
  38. Ndeeba Branch - Plot 93, Block 7, Mengo Kibuga, Ndeeba
  39. Ntungamo Branch - 18 Old Kabale Road, Ntungamo
  40. Royal Plaza Branch - Royal Plaza, 35 Luwum Street, Kampala
  41. Rushere Branch - Plot 52-54, Block 68, Rushere
  42. Sixth Street Branch - 165 Sixth Street, Industrial Area, Kampala
  43. Soroti Branch - 4 Kennedy Square, Soroti

See also[edit]

References[edit]

  1. ^ a b c d e f CBL (23 April 2015). "Crane Bank Annual Report 2014" (PDF). Crane Bank Limited (CBL). Retrieved 5 August 2015. 
  2. ^ "List of Licensed Commercial Banks In Uganda" (PDF). Bank of Uganda. Retrieved 26 April 2014. 
  3. ^ Mwesigwa, Alon (6 May 2015). "Ugandan Banks Shine As Kenya's See Profits Drop". The Observer (Uganda) via AllAfrica.com. Retrieved 5 August 2015. 
  4. ^ Nyanzi, Peter (10 May 2013). "Growing to serve". The Independent (Uganda). Retrieved 5 August 2015. 
  5. ^ Muneza, Stephen (24 October 2013). "MTN Uganda In Partnership With Crane Bank Launch Mobile Money Atm Cash Out Service". Red Pepper Newspaper. Retrieved 5 August 2015. 
  6. ^ Businge, Julius (27 September 2012). "BoU revokes National Bank of Commerce license". The Independent (Uganda). Retrieved 5 August 2015. 
  7. ^ "Banking: How Crane Bank Beat Rivals in 2014", The Investigator, reported by Robert Ndawula, 18 January 2015, accessed 5 August 2015
  8. ^ Olanyo, Joseph (21 May 2013). "Uganda: Crane Bank Opens 28th Branch". The Observer (Uganda). Retrieved 5 August 2015. 
  9. ^ "Ruparelia Group Holdings". Ruparelia Group. Retrieved 26 April 2014. 
  10. ^ Olanyo, Joseph (17 September 2013). "Crane Bank to sell shares". The Observer (Uganda). Retrieved 5 August 2015. 
  11. ^ Oketch, Martin Luther (17 February 2015). "They promised to sell shares, what happened?". Daily Monitor (Kampala). Retrieved 5 August 2015. 
  12. ^ "Branches of Crane Bank As of December 2014". Crane Bank. Retrieved 10 December 2014. 
  13. ^ Mugalu, Moses (15 December 2013). "Uganda: Crane Bank Opens Bugolobi Branch". The Observer (Uganda) via AllAfrica.com. Retrieved 5 August 2015. 
  14. ^ Olanyo, Joseph (21 May 2013). "Uganda: Crane Bank Opens 28th Branch". The Observer (Uganda) via AllAfrica.com. Retrieved 5 August 2015. 
  15. ^ Mugerwa, Francis (22 September 2012). "Crane Bank expansion on course". Daily Monitor. Retrieved 5 August 2015. 
  16. ^ Nantaba, Eriosi (15 October 2012). "Uganda: Crane Bank Opens Branch in Hoima". East African Business Week. Kampala. Retrieved 5 August 2015. 
  17. ^ Musa Ladu, Ismail (16 January 2014). "Crane Bank to list on Uganda Securities Exchange in April". Daily Monitor. Retrieved 5 August 2015. 
  18. ^ The Independent, Reporters (1 September 2009). "Crane Bank opens branch In Kireka". The Independent (Uganda). Retrieved 5 August 2015. 
  19. ^ Nantaba, Eriosi (24 October 2011). "Crane Bank Relaunches Branch to Surpass Competition". East African Business Week via AllAfrica.com. Retrieved 5 August 2015. 
  20. ^ Ladu, Ismail Musa (14 November 2014). "Shs200billion Crane bank expansion drive takes shape with the opening of the 42nd branch along Masaka road". Daily Monitor (Kampala). Retrieved 5 August 2015. 
  21. ^ Businge, Julius (4 September 2013). "Uganda: Crane Bank Strengthens Base in City Centre". The Independent (Uganda) via AllAfrica.com. Retrieved 5 August 2015. 
  22. ^ Mugalu, Moses (7 December 2014). "Uganda: Crane Bank Opens 44th Branch". The Observer (Uganda) via AllAfrica.com. Retrieved 5 August 2015. 
  23. ^ Lyaazi, Moses (12 September 2012). "Crane Bank Opens New Branch In Makerere University". Makerere University School of Journalism. Retrieved 1 May 2014. 
  24. ^ Aliga, Issa (23 August 2012). "Banks urged On agriculture financing". Daily Monitor. Retrieved 5 August 2015. 
  25. ^ Sanya, Samuel (10 February 2012). "Crane bank in sh3.5bn expansion drive". New Vision. Retrieved 5 August 2015. 
  26. ^ Jaramogi, Patrick (24 July 2012). "Crane opens Naalya branch as competition in banks shoots up". New Vision. Retrieved 5 August 2015. 

External links[edit]