Bank lending
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
Private sector credit
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