Michael Karokora Mugabi

Housing Finance Bank, one of Uganda’s top ten lenders and the biggest mortgage lender with over 50% market share, has started rolling out a credit restructuring exercise to its customers, on a case by case basis. The bank has asked customers who anticipate some challenges in servicing their credit obligations with the bank to reach out to the bank. In a public customer notice, Mr. Michael Mugabi, the bank’s Managing Director, said that, in the wake of the COVID-19 pandemic, Housing Finance Bank will stand with its customers by extending “our resources towards finding mutual solutions that will minimize the…