2023: How banks made profits, reduced bad debts
Some banks have reported growth in profits, while others have experienced declines, often coupled with increased provisioning for potential bad and doubtful debts.
Source: monitor.co.ug
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Banks register increase in write-offs due to bad loans
Loan write-offs, according to Bank of Uganda, rose by Shs26.1b from Shs102.8b in the quarter ended June to Shs128.9b in September
Source: monitor.co.ug
Central bank reports massive  growth in cashless payments
All digital payment channels, among them debit and credit cards, points-of-sale, internet and mobile banking and Mobile money, according to Bank of Uganda, increased during the year ended March
Source: monitor.co.ug
Mobile Money Transactions Hit Shs 145trillion in Uganda
The value of mobile money transactions rose to 145.6 trillion shillings in the last six months ending March 2022. Relatedly, the value of internet and mobile banking transfers rose by 82.8% and 146.1% respectively. This comes amidst growing concerns from the public over the safety of mobile banking and transfer systems, with reports of theft
Source: thetowerpost.com