By Charles Bwogi
CENTENARY Rural Development Bank (CERUDEB) has opened its 26th branch in Mukono.
â€œWe give primacy to small borrowers and depositors, which explains why we have expanded our network,â€ the bankâ€™s board chairman, Dr. Ddumba Ssentamu, said at the opening of the branch.
Ssentamu said the banksâ€™ sh146b loan portfolio covers mainly small and medium borrowers who constitute 90% of the bankâ€™s clientele.
â€œWe have a commitment to joining hands with the Government in the fight against poverty,â€ he said adding that the bank would open another branch in Wakiso next month.
The guest of honour, the Nabagereka of Buganda, Lady Sylvia Nagginda, commended the bankâ€™s move to spread out.
She said financial institutions should be at the centre of development of any society.
â€œI am pleased to hear that the bank has products for the disadvantaged,â€ Nagginda said.