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Economy
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
March 5, 2020
Economy
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
February 10, 2020
Economy
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
December 5, 2019
Economy
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
September 9, 2019
Economy
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
June 17, 2019
Economy
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
May 13, 2019
Economy
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
January 13, 2019
Economy
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
December 17, 2018
Economy
Bank credit growth jumps to highest in 32 months
Combined loans of all commercial banks grew at their fastest rate in 32 months in September 2018, thanks to credit for the purchase of non-durable goods and services, livestock and crop production, and retail trade
November 9, 2018
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
September 10, 2018
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