Bank of Uganda winds up Mercantile Credit Bank after 30 years of banking

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The Bank of Uganda has today June 18th placed Mercantile Credit Bank Limited under liquidation, revoked its license, and made an order for the winding up of its affairs of  the bank’s affairs.  Bank of Uganda Deputy Governor, Mr Micheal Atingi- Ego noted in a statement action is necessary because the it has been determined that the continuation of Mercantile Credit Bank Limited’s