Mutebile cautions on high lending rates

Mutebile 2

The high cost of financing is hindering the growth of commercial banks in rural areas.

This is an observation made by the Central Bank governor Emmanuel Tumusiime Mutebile.

He has blamed this on the

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lending rates.

Speaking at the launch of the Orient bank branch Acacia Mall Mutebile said until this is dealt with, the banking sector will remain confined in urban places.