Equity Bank Uganda revises prime lending rate downwards to 20.5%

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Equity Bank Uganda has revised its prime lending rate (PLR) reducing it significantly from 22% to 20.5% with effect from September this year. "We would like to inform our members and the general public that in light of the market conditions, we are glad to advise that our Ugandan shilling Prime lending rates will be revised from 22% to 20.5% effective 1st September 2020," said the bank in a re