Of course, some of these households may be able to reduce their DTIs by purchasing a less expensive house or by delaying home purchase for the time it takes to pay off some existing debt. Nonetheless, the borrowers most affected by this aspect of the rule are likely also those who currently face tight access to credit, such as first-time or less-creditworthy borrowers.
The history of this institution demonstrates that it is committed to contributing to one of the nation’s strategic development priorities; that of promoting inclusive growth. At the time of becoming a commercial bank in November last year, Finance Trust had a capital base of UGX 28 billion, it had UGX 43 billion in customer deposits, and UGX 59 billion in loans.