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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 http://www.ntv.co.ugFollow us on Twitter http://www.twitter.com/ntvugandaLike our Facebook page http://www.facebook.com/NTVUganda

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commercial economic fiscal monetary banking budgeting business numbers numeric pecuniary pocket across the counter commissary exchange financial for sale in demand in the market market marketable mercantile merchandising popular profit-making profitable retail saleable sales supplying trade trading wholesale wholesaling budgetary money capital cash double texting academy association asylum business clinic college company conservatory establishment fixture foundation guild hospital orphanage school seminar seminary society system think tank university institute curtailed decreased diminished junior lessened low minor reduced secondary subordinate bush-league lesser lower rung nether pared down second-class second-fiddle second-string smaller subjacent under elevated important increased major superior higher belittle debase degrade demean diminish disgrace dishonor humble humiliate lower mortify reduce shame bad-mouth blister criticize cut down to size cut to the quick decry deprecate 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