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Banks 2018 surprise

Low interest rates still hinder industry profitability

Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks will pull off a surprise profit growth amidst low interest rates that dominated 2018. This is due to a sharp decline in the Non Performing Loans and growth in the private sector credit as prospective investors sought for more credit to finance various investments.

Patrick Mweheire, the chief executive officer at Stanbic…
Banking Industry News

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