• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home BUSINESS

Asset quality of country’s commercial banks still a concern, says Bank of Uganda

WILLIAM LUBUULWA by WILLIAM LUBUULWA
January 8, 2019
in BUSINESS, Finance
27
VIEWS
FacebookWhatsAppTwitter
BoU Governor Emmanuel Tumusiime-Mutebile. The Governor says that although the banks are continuously improving on NPLs, the quality of the lenders’ assets still needs improvement. (MONITOR PHOTO)

KAMPALA – The asset quality of Uganda’s banking sector “remains a concern,” even as the country’s commercial banks performed better in the past fiscal year, Bank of Uganda (BoU) has revealed.

In the June 2018 Financial Stability Report Issue No.10 recently released in Kampala by the Governor Emmanuel Tumusiime-Mutebile, BoU said: “The ratio of Non-Performing Loans (NPLs) to total loans declined to 4.4 percent in the 12 months through June from 6.2 percent a year earlier, but “credit quality could be affected by indirect market risks arising from interest-rate policy expectations in advanced economies.”

Promising numbers

BoU further reports that on top of the total bank assets growing to UGX27.4 trillion from UGX24.8 trillion, NPLs decreased by UGX136.8 billion. “Annual write-offs remained historically high but reduced to UGX246.5 billion from UGX289.1 billion,” the report said.

The Bank projects that 2018/19 could see a build-up in risks, “especially from rising inflationary pressures driven by oil prices, and domestic risks arising from the increasing fiscal deficits and exchange rate volatility.”

Outlook

The report indicates that the economy has signs of optimism in agriculture, construction, manufacturing and trade. However, more “increases in interest rates could heighten credit-default rates,” the Central Bank warned.

In the year to June 2019, the main focus for BoU will be on implementing the East African Community regional harmonised oversight and risk analysis policies for payment systems.

 

 

Comments

Tags: Asset quality poorBOUmutebiletop
Previous Post

Makerere releases graduation ceremony First Class lists

Next Post

Health Ministry did not return Shs3.6b to accounts committee - Report

Related Posts

Prof. Mary Okwakol, Prof. Paul Mugambi, Rev. Can. Dr. John Senyonyi, Dr. Umar Kakumba and Mr. Alfred Masikye Namoah at the Q4 UVCF at  Makerere Univeristy, Kampala Uganda. (PHOTO/PML Daily)
Education

Makerere hosts final 2019 Uganda Vice Chancellors’ Forum

December 12, 2019
22
Speaker of Parliament giving the Ambassodor of Iran H.E Seyed Morteza Mortazavi (PHOTO/PML Daily)
Agriculture

Iran to manufacture tractors in Uganda

December 12, 2019
30
Justice minister Kahinda Ofafiire (left) with Principal Judge Yorokamu Bamwine
NEWS

FULL LIST! Principal Judge deploys new judges, transfers 21 others

December 12, 2019
81
Front Row L-R: Dr. Samuel Baker Kucel, Prof. George Openjuru, Prof. Paul Mugambi, Rev. Can. Dr. John Senyonyi, Prof. Mary Okwakol, Acting Vice Chancellor-Dr. Umar Kakumba, Dr. Mouhamad Mpezamihigo and Dr. Muhammad Kiggundu Musoke with University Leaders after the Vice Chancellors' Forum (PHOTO/PML Daily)
Education

KIU’s Mpezamihigo appointed to represent Vice Chancellors’ Forum to UNEB

December 12, 2019
77
Bobi Wine says NRM adopting Bush War tactics to divide People Power (PHOTO/File)
NEWS

Bobi Wine: NRM adopting Bush War tactics to divide People Power

December 12, 2019
69
The UPDF Chief of Military Intelligence Brig Gen Abel Kandiho and South African Chief of Defence in charge of Intelligence (CDI) Lt Gen Jeremiah Nyembe (PHOTO/PML Daily)
NEWS

South Africa, Uganda spy chiefs strike deal on sharing intelligence information

December 12, 2019
37
Next Post
Health Minister Dr Jane Ruth Aceng has decried the Antibiotics resistance in Uganda citing that it costs the country millios (FILE PHOTO)

Health Ministry did not return Shs3.6b to accounts committee - Report

local

local

energyandminerals

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

Facebook Twitter Youtube RSS

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2019 PMLDAILY.COM

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2019 PMLDAILY.COM