History
The bank was founded in 1983 as a credit trust, Centenary Rural Development Trust (CRDT), by six individuals: (a) Simeon Lutaakome (b) Hugh Francis Pulle (RIP) (c) Paul Kateregga (d) Vincent Kirabo kya Maria (e) Emmanuel Mpande (RIP) and (f) John Ogutu (RIP). In 1985, CRDT began to provide financial services to the public. Centenary Bank became a fully licensed commercial bank in 1993, after receiving a banking license from the Bank of Uganda, Uganda's central bank. As of December 2011, Centenary Bank was the 6th largest commercial bank in Uganda, with an asset base estimated at US$381.3 million (UGX:944 billion), representing approximately 7% of all bank assets in the country at that time. Centenary Bank is the second-largest indigenous Ugandan bank, behind Crane Bank.
Read more about this topic: Centenary Bank
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