BOU Revokes Mercantile Credit Bank’s License
The Bank of Uganda (BoU) has taken decisive action against Mercantile Credit Bank Limited, announcing the revocation of the bank's license and its placement under liquidation, effective immediately.
The Bank of Uganda (BoU) has taken decisive action against Mercantile Credit Bank Limited, announcing the revocation of the bank's license and its placement under liquidation, effective immediately.
The Deputy Governor of the Bank of Uganda announced the revocation of the licence of Mercantile Credit Bank Limited, which has also been placed under liquidation, and made an order for the winding up of its affairs.