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Private sector credit

Entrance to the personal banking section of a bank
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
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank

Private sector credit growth drops in December

Lending to the private sector slowed in December due to a decline in microfinance loans and stagnant growth in commercial bank loans
Entrance to the personal banking section of a bank

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
Overhead image of the downtown part of Kampala, with the logo of Diamond Trust Bank Uganda prominent and in the photographer's focus

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
Entrance to the personal banking section of a bank

Private sector lending rises to six-month high in August

Credit to Uganda's private sector rose to a six-month high in August as the economy continued a slow but steady recovery path, the central bank said on Tuesday ahead of its policy rate meeting
A retail shopping centre in downtown Kampala, Uganda

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
Logos of Uganda's commercial banks

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 statistics

Bank lending rises at fastest rate in four years

Bank lending to businesses and households grew at the fastest rate in four years in January, even as policymakers sounded the alarm over weak credit to the trade sector and several service sub sectors

More Private sector credit

17 May 2020

Bank lending growth falls to four-month low in March, but still strong

Bank lending to businesses grew at a robust pace in March, measured by the indicators' trend growth over the past two years, according to figures from the Bank of Uganda

A retail shopping centre in downtown Kampala, Uganda
8 April 2020

Private sector lending slows in February

Annual growth in bank lending to the private sector rose at its slowest pace in three months in February on a decline in loans to the transport and communication sector

A female person using a smart phone
5 March 2020

Bank lending firms up in January, but interest rates rise

The portfolio of commercial bank lending to the private sector, a measure of the financial sector's contribution to economic activity, firmed up in January, according to central bank data

Apartment blocks in Nalya Housing Estate, Kampala
10 February 2020

Bank lending to the private sector rebounds in December

Bank lending to businesses rebounded to a four-month high in December, largely driven by an increase in lending to the building, mortgage, construction and real estate; trade; and agriculture sectors

Apartment blocks in Nalya Housing Estate, Kampala
5 December 2019

Private sector credit growth recovers in October

A gauge of the financial sector’s contribution to economic activity rose in October from a 17-month low as agriculture loans and mortgages increased further, according to figures from the Bank of Uganda

9 September 2019

Bank lending to businesses recovers in July

Bank lending to businesses in Uganda recovered in July after dropping to its second-lowest level this year in June, signalling lower risk aversion and decline in the cost of credit

The Bank of Uganda in Kampala
17 June 2019

Private sector credit growth hits 39-month high in further sign of recovery

Bank lending in Uganda accelerated to a 39-month high in April, according to central bank statistics, on a rise in loans to manufacturing and trade

Signboards of banks at Oasis Mall in Kampala.
13 May 2019

Bank lending firms up in March

Growth in bank lending to the private sector was unchanged in March on an annual basis, but posted the fastest monthly rate in six months, Bank of Uganda figures show

A retail shopping centre in downtown Kampala, Uganda
13 January 2019

Bank lending to the private sector continues to strengthen

Commercial bank lending to the private sector, a leading indicator of the financial sector's contribution to economic activity, continues to improve with Bank of Uganda data showing a pickup in November

Signboards of banks at Oasis Mall in Kampala.
17 December 2018

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

Busy market in Kampala, Uganda