Bank of Uganda to interviene against COVID-19 effects on banks Archives

PEP Cuts Prices for All Products as Store Plans to Exit Uganda

URNCompany NewsJuly 22, 2020

PEP, the South African clothes retailer, has cut prices of all its products by 30% at all outlets in Uganda as the store plans to exit Uganda. The store with…

Bank of Uganda suspends payment of arrears as a precondition for loan restructuring; warns banks against excessive and or hidden restructuring fees

Muhereza KyamuteteraFinance The Big StoryApril 15, 2020April 15, 2020

Bank of Uganda has today issued guidelines to all supervised financial institutions, to operationalize the credit relief and loan restructuring measures announced in the Monetary Policy Statement of April 6,…

Bank of Uganda cuts CBR to a record lowest 8% over Covid-19

Muhereza KyamuteteraFinance The Big StoryApril 6, 2020April 6, 2020

Bank of Uganda (BoU) has today, April 6th, 2020, in the April 2020 Monetary Policy Committee (MPC) meeting reduced the Central Bank Rate (CBR) by 1 percentage point to 8…

Bank of Uganda to support banks against COVID-19 related complications; should they occur

Muhereza KyamuteteraFinance The Big StoryMarch 20, 2020March 20, 2020

A day after the ministry of finance warned that COVID-19 related complications could borrowers from trade, tourism, transportation, and construction sectors experience difficulties in repayments, thus worsening banking industry non-performing…