Bank loans defy Covid-19 impact to post growth

Credit growth started picking up in Uganda in the quarter to December 2020, signalling potential recovery. PHOTO/COURTESY.

What you need to know:

  • At least 44.6 per cent of the gross loans in the banking sector have benefitted from credit relief measures since April 2020.
  • 12.5% Growth: The percentage at which loan advances grew in the period ended December 2020. 

Despite disruptions occasioned by Covid-19 commercial bank credit posted double digit growth for the year ended 2020. 

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