While Uganda’s financial sector grew in size with assets growing by more than 14.3%, the sector performance declined significantly with more financial institutions reported as undercapitalized, lower asset quality, increased number of loss-making banks, and lower return on investment. Below are a few sector highlights: There was a new entrant in the banking sector, Afriland …

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Figure 1: Centenary Bank’s jaws ratio year-on-year If you follow the developments in the banking sector, you could have noticed published financial reports by banks as 1st May 2020 approached. At Summit Consulting Ltd’s summitBI, we collect and publish the annual banking sector report.  Based on our analysis, 2019 was a year of mixed fortunate …

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The Daily Monitor, of 27th August 2020, published an article titled “Loans advanced for cars most likely to default, says report” page 36 as a result of the recently released summitBI Banking Sector Report, 2020. Volumes and value of used car imports have been declining in the last three years thus eating into government revenues. …

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