FinanceNews & AnalysisThe Big Story

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

by CEO Reporter
Standard Chartered Bank Uganda offices
Standard Chartered bank Uganda. The bank will now pay UGX15 million in damages for illegally debiting a client's account. PHOTO/Courtesy

The Covid-19 pandemic saw a rise in bad debts and provisions for loan losses. But this had little effect on balance sheets as banks turned from loans to other assets

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