Bank of Uganda’s move to limit loans exposure to real estate gets mixed reactions from sector players
Bank of Uganda’s Tumusiime Mutebile and Dr. Twinemanzi Tumubweine. By limiting lending to the real estate sector but continuing to ease down on the CBR, is the central bank giving with the right and raking with the left?
In a bid to limit over exposure to the real estate sector amidst what the central bank calls a potential “double-digit decline in real estate valuations” Bank of Uganda, last week, directed all lenders under its jurisdiction to limit their Loan to Value Ratio (LTV), for residential mortgages and loans for land purchase to a maximum 85 per cent.
In a June 1st circular to CEOs of all Commerci
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