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
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
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
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
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 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 sectorsMore Private sector credit
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
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
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
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
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
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
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
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
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
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
