Bank lending
Banks set to ease credit standards on business loans
Banks expect to ease lending standards in the quarter ending in September as loan performance improves for businesses and declines for households, and demand for credit from firms increases, according to a Bank of Uganda survey
Lending to the private sector increases at its fastest rate in two years
Lending to the private sector grew at its fastest pace in two years in April, according to data from the Bank of Uganda, spurred by an increase in commercial bank lending
Strong economy to boost bank lending, deposits in 2024, says BMI
Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
Private sector credit slows in October
Pace of bank lending to the private sector also slowed down, after having risen to a four-month high in September
Lending to private sector accelerated to four-month high in September, BoU data shows
Private sector credit grew at its fastest pace in four months in September, providing a much-needed boost after a quarter in which the indicator recorded its slowest expansion since the second quarter of 2021
Credit standards for business loans tightened in third quarter, BoU says
A central bank survey showed that commercial bank lending criteria tightened for all sectors except electricity and water utilities
Loan growth weak in July
Loan growth at commercial banks was muted in July, underscoring the central bank's decision to ease monetary policy last month as it tries to boost economic growth
Bank lending slows in January
Lending growth slowed in January after rising to a seven-month high the previous month, according to data from the Bank of Uganda
Bank lending growth signals gradual recovery
Lending growth climbed to its highest level in seven months in December, an indicator that economic activity is gradually recovering from the impact of the coronavirus pandemic, according to Bank of Uganda statisticsMore Bank lending
Private sector lending slows in October
Credit growth in Uganda's private sector fell to its slowest pace in three months in October as agriculture and telecommunications loans dropped relative to the previous month
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
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 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
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
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
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.