Credit Growth

Economy

Lean times for banks’ loan growth and profits in FY17

There are no major threats to the stability of the financial system, at least as of June 2017, according to Bank of Uganda's Financial Stability Report
Economy

Private sector lending growth picks up in August

Uganda's private sector credit extension grew 6.2% in August from the same month in 2016, accelerating from July's 5.7%
Logos of Uganda's commercial banks
Economy

Bank credit to the private sector steady in July

An increase in loans to the agriculture and trade sectors, as well as personal loans and household loans, was responsible for the growth in bank credit to the private sector in July
Economy

Uganda’s economy grows at slowest rate in four years

Uganda's economy grew at an annual rate of 3.9% in the 2016/2017 financial year, the slowest rate in four years, with growth in all three main sectors slowing down compared to the previous year.
Economy

Commercial bank lending growth slows in March

Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.
Bank signposts at Oasis Mall, Kampala