Regulatory Alerts2022-10-01
Bank of Uganda Instructions for the Monthly Credit Risk Report
The Bank of Uganda requires supervised financial institutions to submit a standardized monthly credit risk return detailing loan portfolio performance, impairment classification, and provisioning. The report mandates dual compliance with the Financial Institutions Act regulations of 2004 and IFRS 9 standards, requiring detailed breakdowns of expected credit losses, non-performing loans, and asset flows across economic sectors and borrower types. Institutions must calculate and reconcile general and specific provisions, track large exposures, insider credit facilities, restructured loans, and unsecured advances, and submit the completed forms within ten days of each month-end.
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