Fresh from a rich 2018, Ugandan banks in the 3 months ending 31st March 2019 posted combined revenues of UGX772.2 billion, an increase of 17.2% from the UGX658.9 billion reported in March 2018.
According to Bank of Uganda’s latest Financial Stability Review report, the growth in revenue was driven by “improvements in asset quality” that “translated into reduction in provisions for bad
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