Banks Restructured Loans Worth UGX 6.7 Trillion Due to Covid-19 -BoU Report

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Banking institutions have since April restructured loans with clients worth UGX6.7 Trillion after repayments were affected by the Covid-19 pandemic.Bank of Uganda in April 2020 granted permission to all banking institutions to provide credit relief through the restructuring of loans of both corporate and individual customers who were or would be affected by the COVID-19 pandemic. The objectiv