Crane Bank invests Shs825b in expansion

Kampala- In bid to increase its visibility and take banking services closer to the people, Crane Bank has invested about Shs825 billion in opening branches across the country.

And in the next two years it has budgeted about Shs200 billion, most of which will be spent in increasing the banks presence around the country.

Speaking in an interview after launching its 42nd branch in Kyengera early in the week, the bank’s acting managing director, Mr P.K Gupta said about Shs825billion has been spent on opening branches all over the country.

He said: “We believe in what we do and our focus is to offer services that are relevant to people where our branches are.”

Demand-driven expansion
In another interview with Ms Jyotsna Ruparelia, a director, she said: “We follow the demand. Our expansion is being driven by the demand for it—banking services.”
“The opening of this branch in Kyengera demonstrates Crane Bank’s continuing commitment of “Serving to Grow, Growing to serve” by bringing banking products and services closer to the people,” she added.
Crane Bank currently has 42 branches and 100 ATMs spread across the country.
By close of the year, the bank intends to hit at a target of 45 branches, raising the number to 50 by the end of next year.

Also, the bank launched its operations in Rwanda, making it the first indigenous Ugandan bank to venture outside Uganda.

SOURCE: Daily Monitor

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