• Latest
  • Trending
  • All

Banking institutions have since April restructured loans with clients worth 6.7 Trillion Shillings after repayments were affected by the Covid-19 pandemic.

December 4, 2020
Omuliro gusaanyizzaawo ekisulo ky’abayizi ku ssomero lya Shida Aisha orphanage Centre e Iganga

Omuliro gusaanyizzaawo ekisulo ky’abayizi ku ssomero lya Shida Aisha orphanage Centre e Iganga

May 27, 2025

UPDF ekalambidde ku ky’okusazaamu enkolagana yaayo ne Germany – erumiriza Ambassador Mathias Schauer okukuta n’obubinja obusekeeterera government ya Uganda

May 27, 2025
Cameroon erangiridde ttiimu egenda okuzannya ogw’omukwano ne Uganda Cranes

Cameroon erangiridde ttiimu egenda okuzannya ogw’omukwano ne Uganda Cranes

May 27, 2025
CBS@ 29 – ekutusaako omwoleso okuva nga 17 – 22 June ku mazaalibwa gaayo

CBS@ 29 – ekutusaako omwoleso okuva nga 17 – 22 June ku mazaalibwa gaayo

May 27, 2025
Mathias Mpuuga atongozza ekibiina ekiggya ki Democratic Front – akabonero muti

Mathias Mpuuga atongozza ekibiina ekiggya ki Democratic Front – akabonero muti

May 27, 2025
Government esuubizza okuwaayo obuwumbi bwa shs 2 okutegeka olunaku lw’abajulizi e Namugongo ku ludda olw’ekkanisa

Government esuubizza okuwaayo obuwumbi bwa shs 2 okutegeka olunaku lw’abajulizi e Namugongo ku ludda olw’ekkanisa

May 27, 2025
Elias Luyimbaazi Nalukoola ajulidde mu by’okumugoba mu parliament – akakiiko k’ebyokulonda tekagenda kujulira kategeka kuddamu kulonda mu Kawempe North

Elias Luyimbaazi Nalukoola ajulidde mu by’okumugoba mu parliament – akakiiko k’ebyokulonda tekagenda kujulira kategeka kuddamu kulonda mu Kawempe North

May 26, 2025

FIFA U17 World Cup 2025 – Uganda Cubs eteekeddwa mu kibinja K

May 26, 2025
Ttabamiruka wa Buganda Bumu North American Convention 2025 akomekkerezeddwa. 

Ttabamiruka wa Buganda Bumu North American Convention 2025 akomekkerezeddwa. 

May 26, 2025
Abalamzi Abakulisitaayo 427 okuva mu west Nile batuuse e Luweero

Endwadde ezitasiigibwa zeyongedde okwegiriisiza mu batuuze be Nansana

May 26, 2025
Abalamzi Abakulisitaayo 427 okuva mu west Nile batuuse e Luweero

Kyankwanzi district calls for integration of additional healthcare services into routine child immunization

May 26, 2025
Kooti esazizzaamu okulondebwa kwa munna NUP Luyimbaazi Nalukoola ku kifo ky’omubaka wa Kawempe North

Kooti esazizzaamu okulondebwa kwa munna NUP Luyimbaazi Nalukoola ku kifo ky’omubaka wa Kawempe North

May 26, 2025
  • Home
  • News
    • News
    • World News
    • Health
    • CBS FM
    • Amawulire
    • Business
    • Sports
    • Opinions
    • Features
    • Entertainment
  • ABOUT US
  • ON-AIR PROGRAMS
    • CBS FM 88.8
    • CBS FM 89.2
  • DEPARTMENTS
    • BOARD OF DIRECTORS
    • MANAGEMENT
  • BUGANDA
  • CBS ASSOCIATES
    • Nsindikanjake Holdings Limited
    • CBS-PEWOSA NGO
    • Cbs Fans Club
    • Entanda ya Buganda magazine
    • Eyeterekera Sacco
    • Kyadondo Sacco
    • Busiro Sacco
    • Buddu Sacco
  • CBS PARTNERS
    • Stromme Foundation
    • Ebitongole byóbwakabaka
  • EVENTS
  • Archive
  • CONTACTS
CBS FM
89.2 FM Emmanduso
Live
88.8 FM Eyobujjajja
Live
Advertisement
  • Home
  • News
    • News
    • World News
    • Health
    • CBS FM
    • Amawulire
    • Business
    • Sports
    • Opinions
    • Features
    • Entertainment
  • ABOUT US
  • ON-AIR PROGRAMS
    • CBS FM 88.8
    • CBS FM 89.2
  • DEPARTMENTS
    • BOARD OF DIRECTORS
    • MANAGEMENT
  • BUGANDA
  • CBS ASSOCIATES
    • Nsindikanjake Holdings Limited
    • CBS-PEWOSA NGO
    • Cbs Fans Club
    • Entanda ya Buganda magazine
    • Eyeterekera Sacco
    • Kyadondo Sacco
    • Busiro Sacco
    • Buddu Sacco
  • CBS PARTNERS
    • Stromme Foundation
    • Ebitongole byóbwakabaka
  • EVENTS
  • Archive
  • CONTACTS
No Result
View All Result
89.2 FM
89.2 FM
88.8 FM Eyobujjajja
88.8 FM
Home Amawulire

Banking institutions have since April restructured loans with clients worth 6.7 Trillion Shillings after repayments were affected by the Covid-19 pandemic.

by Namubiru Juliet
December 4, 2020
in Amawulire, Features, News, Opinions, Uncategorized
0 0
0
0
SHARES
33
VIEWS
Share on FacebookShare on Twitter
Bank Of Uganda Yet To Formally Revoke Licenses Of 7 Defunct Banks »  Business Focus

Bank of Uganda in April 2020 granted permission to all banking institutions to provide credit relief through the restructuring of loans of both corporate and individual customers who were or would be affected by the COVID-19 pandemic.

The objective according to the Bank of Uganda (BoU) Quarterly Financial Stability Review report was to safeguard financial stability and alleviate the impact of the COVID-19 pandemic on the financial sector and economic growth.

The benefiting sectors from the credit relief include that of trade, real estate, manufacturing and transport which were the hardest hit by the pandemic.

The Central Bank says that the status of this measure as of the end of September 2020 indicated that all banking institutions, except one which is yet to receive any applications, have extended considerable credit relief to borrowers affected by the pandemic thus far.

“The cumulative loans that have been granted credit relief between April 2020 and end-September 2020 amount to Shillings 6.7 trillion, which is 40 percent of the banking sector’s loan portfolio. The acceptance rate for applications is high at 97.4 percent,” reads part of the report.

The report also indicates that after accounting for credit relief that has matured or expired as well as new applications restructured during the month, the stock of restructured loans as at end of September 2020 was Shillings 5.2 trillion, equivalent to 31.5 percent of gross loans.

“Loans that have been restructured for a second time increased by 60.8 percent from Shillings 264.1 billion in August 2020 to Shillings 424.9 billion in September 2020, and these account for 8.1 percent of all restructured loans. This trend suggests that the financial condition of some borrowers that received credit relief remains distressed,” further reads the report.

As a remedy for concerns regarding the potential impact of past due to restructured loans on banks’ performance, the Central Bank has taken measures including stress tests conducted to determine the adequacy of banking institutions’ provisions and capital buffers to absorb the shock if all the past-due loans were to deteriorate.

The report indicates that the number of loans under credit relief that are past-due by at least one monthly repayment increased from Shillings 134.1billion as at end of July 2020 to Shillings 763.2 billion at end of September 2020.

The Central Bank commits to continue to engage banking institutions to ensure that they proactively recognize and prudently provide for potential loan losses and maintain adequate capital and liquidity buffers to absorb the shock.

ShareTweetPin
Namubiru Juliet

Namubiru Juliet

Recent Posts

  • Omuliro gusaanyizzaawo ekisulo ky’abayizi ku ssomero lya Shida Aisha orphanage Centre e Iganga
  • UPDF ekalambidde ku ky’okusazaamu enkolagana yaayo ne Germany – erumiriza Ambassador Mathias Schauer okukuta n’obubinja obusekeeterera government ya Uganda
  • Cameroon erangiridde ttiimu egenda okuzannya ogw’omukwano ne Uganda Cranes
  • CBS@ 29 – ekutusaako omwoleso okuva nga 17 – 22 June ku mazaalibwa gaayo
  • Mathias Mpuuga atongozza ekibiina ekiggya ki Democratic Front – akabonero muti

Recent Comments

No comments to show.
CBS FM

Copyright © 2022 CBS FM.

Navigate Site

  • ABOUT US
  • Bbingwa
  • BOARD OF DIRECTORS
  • Buddu Sacco
  • BUGANDA
  • Busiro Sacco
  • CBS ASSOCIATES
  • Cbs Fans Club
  • CBS FM 88.8
  • CBS FM 89.2
  • CBS PEWOSA Trade Fair
  • CBS-PEWOSA NGO
  • CBSFM Birthday 22 June
  • CONTACTS
  • DEPARTMENTS
  • Ebitongole byóbwakabaka
  • Entanda ya Buganda magazine
  • EVENTS
  • Eyeterekera Sacco
  • home
  • Kyadondo Sacco
  • MANAGEMENT
  • Nsindikanjake Holdings Limited
  • ON-AIR PROGRAMS
  • Stromme Foundation

Follow Us

No Result
View All Result
  • ABOUT US
  • Bbingwa
  • BOARD OF DIRECTORS
  • Buddu Sacco
  • BUGANDA
  • Busiro Sacco
  • CBS ASSOCIATES
  • Cbs Fans Club
  • CBS FM 88.8
  • CBS FM 89.2
  • CBS PEWOSA Trade Fair
  • CBS-PEWOSA NGO
  • CBSFM Birthday 22 June
  • CONTACTS
  • DEPARTMENTS
  • Ebitongole byóbwakabaka
  • Entanda ya Buganda magazine
  • EVENTS
  • Eyeterekera Sacco
  • home
  • Kyadondo Sacco
  • MANAGEMENT
  • Nsindikanjake Holdings Limited
  • ON-AIR PROGRAMS
  • Stromme Foundation

Copyright © 2022 CBS FM.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

- Select Visibility -