Subscribe | Sign In | Subscribe

Private sector credit

Entrance to the personal banking section of a bank
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
Crested Towers in Kampala, with the shorter tower housing offices of Stanbic Bank

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
Entrance to the personal banking section of a bank

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

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
Entrance to the personal banking section of a bank

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
A retail shopping centre in downtown Kampala, Uganda

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
Logos of Uganda's commercial banks

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 sectors

More Private sector credit

6 September 2017

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

24 July 2017

URA misses revenue collection target for 2016/17, but collects Shs1 trillion more

The Uganda Revenue Authority missed its revenue collection target in 2016/17 due to slow economic growth and low import volumes

19 June 2017

2017/18 Budget: Are we at a policy inflection point?

While many positive gains have been made on several fronts, Uganda needs to address its recent reduced growth rates

Patrick Mweheire, Stanbic Bank Ceo
17 May 2017

IMF calls for more intrusive bank supervision, and revises down growth forecast

The International Monetary Fund is the latest institution to downgrade Uganda's growth projections for the current financial year, following similar updates by the World Bank and the Bank of Uganda.

Bank of Uganda's head office in Kampala.
7 May 2017

Commercial bank lending growth slows in March

Commercial banks' lending to the private sector in March expanded by 6.2% year-on-year, less than February's 7.5% rate, but still the sixth consecutive month credit growth has been positive.

Bank signposts at Oasis Mall, Kampala
10 April 2017

Firms faced stricter lending standards in first three months of 2017

Banks applied stricter standards on loans to enterprises in the first three months of 2017 compared to the last quarter of 2016, a Bank of Uganda survey found.

Bank signposts at Oasis Mall, Kampala
6 April 2017

Private sector credit expands in February year-on-year

Commercial bank's credit to the private sector in February grew 7.5% year on year, driven by personal loans and household loans, and more lending to the agriculture and trade sectors.

Bank signposts at Oasis Mall, Kampala
8 September 2016

Commercial banks cut lending rates, but cautiously

A survey of commercial banks shows that a good number of them have cut their prime lending rate, a sign the Bank of Uganda's three consecutive rate cuts are having an effect.

A retail shopping centre in downtown Kampala, Uganda