Banks Make UGX 874Bn Profits During Lockdown

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A Bank of Uganda (BoU) report has revealed that commercial banks recorded profits to a tune of UGX874 Billion between March and September 2020. This is despite the Covid-19 pandemic that led to the closure of many businesses after the country went into lockdown.  According to the Central Bank Quarterly Financial Stability Review report, the Banking Sector remained adequately capitaliz