For the first semester of 2005, the non-performing loan (NPL) ratio of universal and commercial banks1 was back to a single-digit level at 9.2 percent. This is a reversal from a peak of 18.8 percent in October 2001 due to asset dispositions under the Special Purpose Vehicle (SPV) Law.
Ladies and gentlemen, allow me to reiterate the benefits of the CRB to the financial sector, which are as follows: •  The CRB is expected to improve the performance of the Uganda’s financial sector and stimulate economic development by making lending and borrowing easier faster, and ultimately cheaper.