COVID-19: Banks Restructure Loans Worth UGX 2 Trillion

The Uganda Bankers’ Association has revealed that commercial banks have restructured loans to a tune of 2.02 trillion Shillings as a result of the effects of the COVID-19 lockdown on businesses.According to the Association’s Executive Director Wilbrod Owor, in the first month of restructuring, commercial banks received more than 750,000 restructuring applications. Of these, 755,000 requests wo