Thursday, November 12 2009
The Bank fo Uganda has come out to assure the public that Centenary Rural Development Bank is safe and sound and that customers can continue to transact all their their business with the bank normally.
It is a small number of customers from Centenary Bank who are affected and their bank accounts are being investigated by the police. The investigations though do not affect the financial condition of the bank or its ability to continue carrying on its banking business in a normal manner.
Centenary Bank is strong and solvent and has the ability to continue carrying on its banking business in the normal manner. The Bank of Uganda was responding to the November 10, 2009 edition of the Red Pepper that it was factually incorrect.
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