Private sector credit
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