Uganda Development Bank Ltd (UDB), the country’s national Development Finance Institution, has released its Quarter Three (Q3) of 2022 results highlighting solid growth as the Bank continues to facilitate economic recovery through tailored interventions that suit the country’s development needs. Through Q3, which covered the months of July, August, and September, UDB’s investment portfolio (gross loans) improved by 15% to close at UGX1.18trillion. Compared to the previous year, the annual growth registered was in the highs of 57 per cent. During the quarter, the Bank approved funding amounting UGX333 billion and disbursed UGX237 billion. “The funding was allocated to 72…
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