Dr. Adam Mugume

Dr. Mugume the Acting Deputy Governor has laid out 29 very clear guidelines, laying out both lenders and borrowers' rights, obligations and responsibilities.

BOU’S DR. ADAM MUGUME: The 29 things lenders and borrowers must know about BoU’s credit relief measures

1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when they meet
Dr. Mugume the Acting Deputy Governor has laid out 29 very clear guidelines, laying out both lenders and borrowers' rights, obligations and responsibilities.

Bank of Uganda suspends payment of arrears as a precondition for loan restructuring; warns banks against excessive and or hidden restructuring fees

Bank of Uganda has today issued guidelines to all supervised financial institutions, to operationalize the credit relief and loan restructuring measures announced in the Monetary Policy Statement of April 6, 2020. In

 

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