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BoU Fails To Explain Extent Of Crane Bank Undercapitalization, Auditing Firm PwC Summoned

The Committee on Commission’s Statutory Authorities and State Enterprises (COSASE) has summoned auditing firm, Price Water Coopers (PwC) to appear before the Committee to explain how they arrived at the Shs239bn undercapitalisation figure Crane Bank reportedly faced. This was after Bank of Uganda (BoU) officials failed to explain the extent

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BankingFeaturedNews

BoU Officials Grilled On How They Spent Shs478bn To Revive Crane Bank Yet It Needed Shs157bn Capitalization

Bank of Uganda officials have come under fire for taking over Crane Bank that needed Shs157bn capitalisation and then going ahead to spend Shs478bn on running it before it was finally sold to dfcu bank. Members of Parliament on the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) are

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