Covid-19 effect on banking sector in Uganda Archives

Banks Restructured Loans Worth UGX 6.7 Trillion Due to Covid-19 -BoU Report

URNBanking & Financial ServicesDecember 2, 2020December 2, 2020

Banking institutions have since April restructured loans with clients worth UGX6.7 Trillion after repayments were affected by the Covid-19 pandemic. Bank of Uganda in April 2020 granted permission to all…

Finance Trust Bank drops Prime Lending Rate to 21% for new loans

Samuel MuhimbaCompany NewsAugust 10, 2020August 10, 2020

Finance Trust Bank (FTB) has become the 3rd commercial bank to reduce its Prime Lending Rate, revising it to a significant 21 percent from 22 percent per annum up effective…