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Message: [QUOTE="Munyaradzi Mafaro, post: 50061, member: 636"] Uganda's banks have made serious money moves lately. Customer savings jumped to 38 trillion shillings during the first three months of 2025. People trust their banks more than before. The Bank of Uganda released a report showing financial companies stay strong and healthy. Banks can lend money to businesses and support government projects. Banks put more money into government bonds during this time. They raised their investment from 29.9 percent to 30.4 percent of total assets. The central bank says this helps keep everything stable. Foreign currency savings grew by 6.6 percent during the quarter. Local shilling deposits also went up by 2.7 percent. Banks have plenty of cash on hand right at 20.5 trillion shillings total. This beats the required minimum by a huge amount. The banking system holds 51.8 percent liquid assets compared to the 20 percent rule. Commercial banks bought more government securities to boost their cash reserves. Credit institutions also added to their liquid holdings. Lending activity picked up speed across the country. Banks gave out 22.9 trillion shillings worth of loans during the period. This represents a 6.8 percent jump from the previous year. Private sector borrowing stayed strong despite a small dip in percentage terms. Bad loans remain under control according to bank officials. The healthy banking sector helps Uganda's economy grow steadily. More deposits mean people have confidence in their financial system. Higher lending supports businesses and families who need capital. Strong banks provide a solid foundation for the country's development plans. [/QUOTE]

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