I WAS IN UCB WHEN DR. FRANK MWINE AS MANAGING DIRECTOR OF UGANDA COMMERCIAL BANK. REVOLUTIONIZED THE BANK.

The passing on of Former Managing Director of Uganda Commercial Bank Dr. Frank Mwine is very sad.  I was in the Bank as accountant when Dr. Mwine was Managing Director.  He will be remembered for some radical policies.  He expanded the bank so much to spread his ambitious rural farmers scheme.  He created a number of new branches and promoted many staff who were Supervisors and Accounts to branch managers.

MAY HIS SOUL REST IN PEACE

Uganda: Former UCB Managing Director Dead

 By Mark Keith Muhumuza

Kampala — The Former Uganda Commercial Bank (UCB) Managing Director and Chairman, Mr Frank Mwine is dead, the family has confirmed to The Daily Monitor.

Mwine, 73, died on Tuesday night in Los Angeles, United States. The cause of death is yet to be announced by the family.

For Ugandans, Mwine is known for his role as the boss of UCB, the largest bank in Uganda in the 1980's and early 1990's, before it was privatized in 2001.

In 1987, Mwine a lawyer left the World Bank to join UCB as the Chairman and Managing Director.

In the book Advancing the Ugandan Economy: A Personal Account, Dr Ezra Suruma, the Makerere University Vice Chancellor revealed that in the five years Mwine was the UCB MD, the bank expanded from 60 to 180 branches.

Spreading branches to rural areas was a mission Mwine took on in what was described an opportunity to bring banking services closer to the people in rural areas.

Mwine also led UCB through the turbulent times before Suruma took-over from him in 1993. In fact during the branch expansion at UCB, the state did not provide sufficient funds to keep those branches operational for a longer period of time. Even when he left the bank, Mwine was opposed to the privatization of UCB, insisting that a government run bank would cater for the financial requirements of people in rural areas.