Private sector credit

Economy

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 signposts at Oasis Mall, Kampala
Economy

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
Logos of Uganda's commercial banks
Opinion

Commercial banks are key players in the agri-business value chain

While it’s true that most commercial banks in Uganda are not ideally structured to finance individual small-holder farmers directly, the reality is that they still play critical roles within the sector, making them an indispensable part of the overall ecosystem
Two men standing in a tea processing facility
Economy

Good news for the economy as lending to real estate grows faster

Private sector credit growth improved slightly in April, showing its best year-on-year rate in 24 months, figures published by the central bank show
Construction workers at a construction site
EconomyPolitics & Policy

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
Bank signposts at Oasis Mall, Kampala
Economy

BoU keeps policy rate steady on low inflation and robust growth

The central bank maintained its policy rate at the same level as February 2018, saying its line with its goals of supporting economic growth and keeping inflation within target levels
Bank of Uganda's head office in Kampala.
Economy

Bank of Uganda cuts key rate on private sector credit growth concerns

Bank of Uganda found more room to cut its benchmark rate on concerns about sluggish private sector credit growth and the cost of loans
Bank of Uganda's head office in Kampala.
Economy

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
Bank signposts at Oasis Mall, Kampala
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
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