Bank lending

BankingEconomy

Strong economy to boost bank lending, deposits in 2024, says BMI

Improved economic conditions and lower lending rates are expected to increase demand for bank credit, in contrast to last year when loan growth slowed
BMI predicts that loan growth in 2024 will be driven by personal and household loans, borrowing from the agriculture sector, and the construction sector.
Economy

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
Entrance to the personal banking section of a bank
Economy

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

Credit standards for business loans tightened in third quarter, BoU says

A central bank survey showed that commercial bank lending criteria tightened for all sectors except electricity and water utilities
The Bank of Uganda Coat of Arms at the Bank of Uganda HQ in Kampala, Uganda
Economy

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
A retail shopping centre in downtown Kampala, Uganda
Economy

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
Logos of Uganda's commercial banks
Economy

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
Economy

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
Economy

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
Economy

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
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