Banks total assets under management hits sh53 trillion
The growth was also driven in part by the favourable macroeconomic conditions and robust liquidity and capital buffers in the banking sector, the report said.
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The Bank of Uganda took over the control of Mercantile Credit citing the lender’s inability to address its undercapitalisation, poor governance, and insolvency. (New Vision/File Photo)
By NewVision Reporter
Journalists @NewVision
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KAMPALA - Supervised financial institutions (SFIs) total assets under management grew by 8.4% to sh53 trillion from sh49.7 trillion for the twelve months ending June 2024.
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