Some Crane Bank Customers are optimistic that the bank will regain solvency after the takeover. Venerable Jack Katarishangwa, the Archdeacon for Bubaare Archdeaconry in the Diocese of Kigezi says he withdrew a portion of his money after the news but hopes that the takeover is for the better.
Although the number of people flocking the banking halls has reduced, compared to last evening's rush, operators have told Uganda Radio Network that more people are withdrawing their savings from the bank.
However, a few others are optimistic that the bank will regain solvency after the takeover. Venerable Jack Katarishangwa, the Archdeacon for Bubaare Archdeaconry in the Diocese of Kigezi says he withdrew a portion of his money after the news but hopes that the takeover is for the better.
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John Steve Mugisha, another Crane Bank customer who was found at the Branch in Kabale says that although he had gone to withdrawal his savings from the bank, he gained assurance after reading the notice displayed at the entrance.
In the notice, the management of Crane Bank informed customers that all its branches would continue to operate normally. It adds that the bank was in the process of searching for a strategic equity partner who will help to take Crane Bank to the next level.
He adds that despite the current tension over the takeover across the country, he is sure that his money is safe adding that he will continue as a customer.
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But Alex Ainebyoona, one of the customers found at Crane Bank-Kabale branch says he rushed to the bank after a friend alerted him about the takeover. He says that he will keep his money home or invest in other businesses to avoid making losses.
Fred Twinobusingye, the Crane Bank Branch Manager could not be reached for a comment.
The central Bank took over the management of the Bank with effect from October 20. According to Central Bank Governor Emmanuel Tumusiime Mutebile, the action was taken upon determination that Crane Bank Limited is a significantly under-capitalized institution and this poses systemic risks to the stability of the financial systems.