Bank lending

Economy

Bank credit growth jumps to highest in 32 months

Combined loans of all commercial banks grew at their fastest rate in 32 months in September 2018, thanks to credit for the purchase of non-durable goods and services, livestock and crop production, and retail trade
A supermarket aisle of fast-moving consumer goods
Economy

Bank lending growth robust despite hitting the brakes in July

After growing at its fastest rate in 28 months in June, bank lending slackened in July, driven by drops in year on year lending to the telecommunications sub-sector and mortgages
Bank signposts at Oasis Mall, Kampala
Economy

Bank lending strengthens further

Bank of Uganda's record low policy rates could finally be having their desired effect on commercial bank loan advances, if the latest data is anything to go by
Logos of Uganda's commercial banks
EconomyPolitics & Policy

Lending growth still low despite BoU rate cuts

Bank lending to the private sector grew at a relatively restrained pace in February, even as the central bank cut its policy rate to its lowest level ever with the hope that loan approvals will increase, boosting economic growth
Bank signposts at Oasis Mall, Kampala
Economy

Private sector credit growth picks up in December

Domestic credit to the private sector rose by 6.2% in December from the same month in 2016, accelerating from November's 3.2% growth, figures from Bank of Uganda show
Bank signposts at Oasis Mall, Kampala
Economy

Private sector credit expands in February year-on-year

Commercial bank's credit to the private sector in February grew 7.5% year on year, driven by personal loans and household loans, and more lending to the agriculture and trade sectors.
Bank signposts at Oasis Mall, Kampala
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