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Centenary Bank opens Mukono branch
Publish Date: Feb 12, 2007
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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.

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