Will Commercial banks reverse sh440b in potential loan losses?
Despite the disruptions caused by the outbreak of the coronavirus (COVID-19) in Uganda in March last year, commercial banks have been resilient and continue to weather the storm. However, with the virus still not relenting, will commercial banks reverse sh440b in potential loan losses, writes Ali Twaha.
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Will Commercial banks reverse sh440b in potential loan losses?
By NewVision Reporter
Journalists @NewVision
Uganda’s commercial banks have weathered the disruptions occasioned by the coronavirus for the last 12 months. However, a surge in provisions for bad debts could mean more pain is yet