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COVID-19 Forces Banks To Restructure Loans Worth Shs2Trn As Loan Approvals Fall Sharply

 The COVID-19 pandemic has hit Uganda’s banks hard, forcing commercial banks to restructure loans to a tune of Shs2.02Trn, the Uganda Bankers’ Association (UBA) has said. The Association made the revelation today while appearing with Bank of Uganda before Parliament’s National Economy Committee to discuss the impact of coronavirus on

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Absa Completes Separation From Barclays, Vows To Offer Competitive Products That Will Shake Sector

Absa Bank Uganda’s parent company, Absa Group Limited announced the substantial completion of critical projects on its Separation journey. Following Barclays PLC’s decision to sell down its controlling stake in Barclays Africa Group Limited in 2016 the bank was permitted to continue using the Barclays brand during the June 2017

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