Macro Analysis /
Uganda

Uganda's private sector credit growth outlook remains uneven

  • Despite recent growth (8.7% yoy), Uganda's private sector credit has been choppy

  • Outlook for 2021 remains the same as in 2020 with credit supply affected by increased risk aversion from lenders

  • Asset quality relatively stable for banks; Stanbic Uganda expected to perform better than peers – we reiterate Buy

Uganda's private sector credit growth outlook remains uneven
Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
6 August 2021
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