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Added: 1 month 3 weeks ago
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Commercial banks lower interest rates to entice borrowers
Players within the local financial sector are adjusting their lending rates downwards in some instances by an average spread of nearly 3%, in a move largely aimed at persuading more borrowers.

Players within the local financial sector are adjusting their lending rates downwards in some instances by an average spread of nearly 3%, in a move largely aimed at persuading more borrowers.

Currently the financial sector holds a credit portfolio of approximately 12 trillion shillings lent out to the public, a figure the lenders are now keen on growing, according to the Uganda Bankers’ Association.