Centenary Bank opens Mukono branch
Publish Date: Feb 12, 2007
Newvision Archive
  • mail
  • img

By Charles Bwogi

CENTENARY Rural Development Bank (CERUDEB) has opened its 26th branch in Mukono.

“We give primacy to small borrowers and depositors, which explains why we have expanded our network,” the bank’s board chairman, Dr. Ddumba Ssentamu, said at the opening of the branch.

Ssentamu said the banks’ sh146b loan portfolio covers mainly small and medium borrowers who constitute 90% of the bank’s clientele.

“We have a commitment to joining hands with the Government in the fight against poverty,” 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 bank’s move to spread out.

She said financial institutions should be at the centre of development of any society.

“I am pleased to hear that the bank has products for the disadvantaged,” Nagginda said.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact

  • mail
  • img
blog comments powered by Disqus
Also In This Section
FORMER president Dr. Apollo Milton Obote has been honoured for his distinguished service to Busoga College Mwiri and the nation....
THE Ministry of Health has appealed to religious groups to counsel men to stop having extramarital sex to stem the raising rates of HIV infections....
THE Chinese community in Uganda on Tuesday celebrated their 62nd independence anniversary....
MAKERERE University has sued the National Insurance Corporation (NIC) over a sh16.7b pension savings package it claims the insurance giant owes it....
PRESIDENT Yoweri Museveni will lead the alumni of the University of Dar-es-Salaam in Uganda to a fundraising drive targeting sh1b for the Tanzania-based institution....
THE UPDF officers, dressed in neatly pressed uniforms complete with gleaming black boots, took to the podium, many accompanied by their spouses. Then, they were decorated....
Is Uganda ready for the pope's visit?
Can't Say
follow us
subscribe to our news letter