Non-Performing Loans Jump to UGX 783billion – BOU

Getting your Trinity Audio player ready...

The amount of money where borrowers have not made any payments for at least three months grew by 15 per cent to UGX783 billion between January and March 2020, the Bank of Uganda has said. This is a growth from UGX666.3 billion of loans not being paid as registered in December 2019.Also referred to as non-performing loans (NPL), their growth is an indicator of a bad economy where borrowers are unab

Thank You For Reading CEO East Africa Magazine.

Please SUBSCRIBE for UNLIMITED ACCESS to our game-changing stories or LOG IN for existing members.

Non-Performing Loans Jump to UGX 783billion – BOU

Banks and pension funds feast on gov’t securities gravy train as businesses get more starved of credit and choked by high interest rates.

Ugandan Banks Succumb To Central Bank Pressure To Drop Charges On Early Loans Repayment

Q&A: Paul Ssali, Country Managing Partner, Deloitte Uganda, on his rise to the top and staying sane in the fast and dynamic lane

I&M Bank Uganda Extends Community Support to Kampala School for the Physically Handicapped, Uganda Cancer Institute, and other communities

Mini-grid Investors Seek Longer Concession Periods to Boost Uganda’s Renewable Energy

Hearing of Dr Sudhir’s ￡170 mn UK case against dfcu Bank to resume after court dismisses bank’s interim application

Related Stories

You May Also Like