Covid-19 effect on banking sector in Uganda Archives

Targeted beneficiaries are in sectors such as primary agriculture, Agro Industrialization and manufacturing/industry. Courtesy photo

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

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 banking institutions

December 2, 2020

Banking & Financial Services

Finance Trust Bank. The bank becomes the latest commercial bank to reduce Lending rates following the call by the Central Bank to commercial banks to offer concessions to clients. Courtesy photo

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

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 7th September

August 10, 2020

Company News