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@matookerepublic Thu, 04 Apr 2024 09:37:34

In attempting to deregister Crane Bank, Bank of Uganda sparks more legal battles

Bank of Uganda has stirred controversy by issuing a notice regarding the legal status of Crane Bank Limited dated April 3, 2024.  Citing Section 7(1)(a) of the Financial Institutions Act, 2004 [as amended], BoU recommended that the Uganda Registration Services Bureau (URSB) remove the word ‘Bank’ from Crane Bank Limited’s company name, effectively striking it […]

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