Crane Bank
Encyclopedia
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.
. 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. , 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).
. The bank is a member of the Ruparelia Group
which includes financial institutions, insurance companies, real estate investments, horticultural enterprises, hotels and resorts.
which includes Insurance companies, schools, radio stations, hotels and resorts.
. 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.
. The branches of the bank include the following locations:
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. It is one of the twenty-three (23) commercial banks licensed by the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the national banking regulator.
Overview
The bank is a mid-sized financial services provider in UgandaUganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. 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. , Crane Bank was the 6th largest commercial bank in Uganda
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
, 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).
History
Crane Bank started operations in 1995 after receiving a commercial bank license from the Bank of UgandaBank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
. The bank is a member of the Ruparelia Group
Ruparelia Group
The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group is a conglomerate in Uganda. The group is mainly involved in banking, insurance, education, real estate development and management, floriculture, broadcasting, hotels and resorts.-History:The group chairman, Sudhir...
which includes financial institutions, insurance companies, real estate investments, horticultural enterprises, hotels and resorts.
Ownership
The exact percentage share ownership of Crane Bank is not publicly known. The bank is a member of the Ruparelia GroupRuparelia Group
The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group is a conglomerate in Uganda. The group is mainly involved in banking, insurance, education, real estate development and management, floriculture, broadcasting, hotels and resorts.-History:The group chairman, Sudhir...
which includes Insurance companies, schools, radio stations, hotels and resorts.
Governance
Crane Bank is governed by a ten (10) person Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. Joseph Biribonwa, one of the non-Executive Directors is the Chairman of the Board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
. The Managing Director and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
is A.R.Kalan. He is assisted by ten (10) other managers in the supervision of the daily operations of Crane Bank.
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 UgandaUganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. The branches of the bank include the following locations:
- Kampala Road Branch - Kampala Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
(Head Office) - Nakivubo Road Branch - Nakivubo Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Jinja Branch - Lubas Road, JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Mbale Branch - Republic Street, MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Mbarara Branch - High Street, MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Iganga Branch - Main Street, IgangaIganga.Iganga is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Iganga District and the district headquarters are located there. The district is named after the town.-Location:...
- Gulu Branch - Gulu Avenue, GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Lira Branch - Lira Avenue, LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Kabale Branch - Kabale Road, KabaleKabaleKabale is a city in Western Uganda. It is the 'chief town' of Kabale District and the district headquarters are located there. The district is named after the town.-Location:...
- Kyambogo Branch - Kyambogo UniversityKyambogo UniversityKyambogo University , is a public university in Uganda. It was established in 2001 as the third public university in Uganda.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Kireka Branch, KirekaKirekaKireka is the name of a township in Central Uganda. It is one of the six townships or Wards that constitute Kira Municipality in Wakiso District...
, Kampala-Jinja HighwayKampala-Jinja HighwayKampala-Jinja Highway is a road in Uganda, connecting the cities of Kampala and Jinja. Sometimes referred to as Kampala-Jinja Road, it is a busy road, with several towns, trading centers and other landmarks along the way.-Location:...
, Kira MunicipalityKira TownKira Town is a municipality in Wakiso District in Central Uganda. It is administered by Kira Town Council, an Urban Local Government within Wakiso District Administration.-Location:... - Arua Branch - AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Kisoro Branch - KisoroKisoroKisoro is a town in Western Uganda. It is the 'chief town' of Kisoro District and the district headquarters are located there. The district was named after the town.-Location:...
- Fort Portal Branch - Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Soroti Branch - SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...