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Financial institutions lower interest rates to entice borrowers

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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. Subscribe to Our ChannelFor more news visit us on Twitter our Facebook page


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