Commercial banks recorded about Shs685.7b in non-performing loans for the period ended December 31, 2019, according to details compiled from annual performance results.
In the period under review, according to details Stanbic Bank, which is Uganda's largest bank by assets, registered the biggest share of non-performing loans, posting Shs120b in 2019.
Dfcu Bank, which inherited a large trove of bad loans from defunct Crane Bank, registered a slight growth in non-performing loans from Shs80.8b to Shs89b in the period while Centenary Bank, which has been expanding across Uganda in the last five years, registered a substantial growth from Shs39.8b in 2018 to Shs60.8b.
Orient Bank, which recorded a reduction in net losses to Shs1b from Shs5.5b in the period, registered a leap in non-performing loans from Shs14.8b in 2018 to Shs60b in 2019.
During the period, DTB registered Shs46.6b in non-performing loans from Shs27b in 2018 while Housing Finance Bank posted Shs36.35b from Shs20.6b in 2018.
United Bank for Africa, which in the period recovered from years of losses, registered the least amount of non-performing loans reducing its stock from 60.5m in 2018 to Shs24.7m in 2019.
