Page 4 of 14  Unfortunately, the pool of prime borrowers – mainly large, well established companies – is small in Uganda. Hence if they are to expand their loan portfolios in a financially sustainable manner, banks will have to bring into the credit market more small and medium sized enterprises (SMEs).
This is a key component – indeed, perhaps the key component – of the financial infrastructure of the euro zone. Its rapid development owes much to the major efforts of the European Central Bank in elaborating its monetary policy procedures and its liquidity operations. To be sure, European financial integration has not proceeded at the same pace across all sectors and markets.