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Analysis & OpinionsBanking

BoU: Loan Defaults To Increase, Banks With Higher Lending Rates Have Small Market Share

Prof. Emmanuel Tumusiime-Mutebile, BoU Governor/ Daily Monitor Photo The Bank of Uganda (BoU) has warned commercial against unnecessarily increasing lending rates, revealing that banks with higher interest rates tend to have higher Non-Performing Loans (NPLs). This is contained in the State of the Economy report for September released by BoU

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