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 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
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 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
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
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
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
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 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
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
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%