Crane Bank needed 157 billion to stay affloat - Parliament told
2,021 views · Published 12 December 2018 · 3:25 · Indexed 12 November 2026
Channel: NTVUganda · 2018 · News & Politics
Parliament’s committee on Commissions Statutory Authorities and State Enterprises has learnt that Bank of Uganda spent 478 billion to sell Crane Bank, way above the 157 billion shillings it needed to return to adequate recapitalization. However, officials at the Bank of Uganda, also known as the lender of last resort explained to MPs that Crane Bank failed to provide collateral security for a 79 billion shilling loan facility, the central bank proposed. #NTVNews Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
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