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Daily Monitor Monday May 03 2021 Increasing loan losses will be a key aspect that is expected to be examined amid rising customers’ inability to repay loans. PHOTO |FILE Summary According to data compiled from different commercial banks’ financial results, provisioning for bad loans and loan losses, which is an accounting requirement, grew to a combined Shs364.7b compared to Shs215.5b in the same period in 2019. Advertisement Provisions for loan losses grew exponentially in the period ended December 2020, increasing by Shs149.1b, according to financial results released by different commercial banks. This was the highest growth in over years, signaling a difficult period for the banking sector and borrowers, whose capacity to repay loans was highly impacted by Covid-19. ....
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