Bank of Uganda has approved requests by financial institutions and empowered them on a 3rd restructure for credit facilities to customers who have been impacted by Covid-19 In a circular by Governor Emmanuel Tumusiime Mutebile to chief executives of Commercial banks, Credit facilities, Microfinance Deposit-taking Institutions, the Central Bank states: “Reference is made to the Guidelines on Credit Relief and loan restructuring measures issued vied circular dated 14th April 2020 Ref: DGV 121. Particular attention is drawn to the General Provision Section 1(a) second sentence that states as follows; Any SFI, may on application to BoU, request for further restructuring(s)…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
