Banks shifted from loans to debt markets during Covid-19 pandemic, got bigger

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There was no change at the very top in Uganda’s banking sector, as Stanbic Bank Uganda maintained its position as the country’s biggest commercial bank, followed by Centenary Bank. But third place got a new entrant, with Standard Chartered edging out Absa Bank. Absa Bank Uganda, a subsidiary of South Africa’s Absa Group, slipped to fourth place after being overtaken by Standard Chartered