Bank of Uganda has come out to disassociate itself from the WhatsApp Message instructing depositors to withdraw their money from Crane Bank.
“Messages circulating on WhatsApp instructing depositors to withdraw their money from Crane Bank were not issued by BoU,” reads the statement that was posted on BoU official Facebook page.
Below is the full statement
Messages circulating on WhatsApp instructing depositors to withdraw their money from Crane Bank were not issued by BoU
It has been brought to our attention that messages have been circulating on WhatsApp instructing depositors to withdraw their money from Crane Bank within the next week. We wish to categorically state that these messages were not issued by Bank of Uganda.
The shareholders of commercial banks have the option of selling shares to new investors as they deem appropriate.
However, any new investor in a commercial bank must satisfy the regulator that they are fit and proper.
The BoU does not comment on any negotiations to sell shares in a bank while these negotiations are ongoing.
BoU monitors closely all commercial banks in Uganda and any actions which it takes are motivated primarily by the objective of protecting the best interests of banks’ depositors.
