In Uganda, the profitability of commercial banks increased to reach 1,073.9 billion shillings (nearly 290 million USD) at the end of 2021, informs the Central Bank in its annual supervision report (ASR). This represents an increase of 26.9% compared to the previous year. “The non-performing loan ratio remained largely unchanged between 2020 and 2021, at 5.27% versus 5.26% respectively. Overall, the short-term risk to financial stability remains high from a macroeconomic perspective given the general tightening of monetary policy, shocks on the
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