How DFCU beat other bidders in the race to acquire Uganda’s Crane Bank
A sharp drop in Crane Bank’s liquidity position and the need to keep it as a going concern saw DFCU Bank beat other bidders to take control of the troubled lender.
A sharp drop in Crane Bank’s liquidity position and the need to keep it as a going concern saw DFCU Bank beat other bidders to take control of the troubled lender.
Sources said the Bank of Uganda’s demand that Crane Bank be adequately recapitalised, its market presence be retained and its creditors paid, were key to the choice of the winning bid.
