Standard Chartered Bank (II) Ltd v Milton Kanzira Rwari [2026] UGHC 722
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The bank proved on a balance of probabilities that the borrower breached an unsecured personal loan of UGX 100,000,000 by failing to pay monthly instalments, and was indebted in UGX 71,451,566. The borrower's plea that the balance was payable by insurance covering retrenchment failed because he neither testified nor adduced any evidence that expiry and non-renewal of his employment contract was an insured event; a bare assertion in a written statement of defence is merely an attempt to escape liability. The prayer for interest at 18.5% per annum from the date of breach was refused as that was not an agreed term; interest at the court rate was awarded from judgment until payment in full. Costs followed the event.
Outcome
Judgment entered for the plaintiff bank for UGX 71,451,566 with interest at the court rate from judgment and costs; contractual interest from date of breach refused
Facts
By a loan application dated 10 May 2016 the defendant applied to the plaintiff bank for an unsecured term loan of UGX 100,000,000. The bank approved the facility and disbursed the money to the defendant's loan account on 18 May 2016. The loan was repayable over 58 monthly instalments of UGX 2,935,132 at interest of 18.5% per annum. The defendant serviced the loan irregularly and later defaulted, arrears and interest accruing. Despite reminders and a demand letter dated 9 March 2022, he failed to regularise the account, prompting the bank to recall the facility and demand UGX 71,451,566 as outstanding principal and accrued interest. In his written statement of defence the defendant admitted the loan and that instalments ceased when he ran out of means, but contended the facility was a salary loan insured against retrenchment and that the insurer, not he, was liable for the balance. The bank replied that the loan was a regular personal loan and that expiry and non-renewal of the defendant's employment contract was not an insured event. The defendant and his counsel did not attend the hearing and the suit proceeded ex parte.
Issues
- Whether the defendant breached the terms of the loan agreement.
- Whether the defendant is indebted to the plaintiff in the sum of UGX 71,451,566.
- Whether the plaintiff is entitled to the remedies sought, including interest at the contractual rate from the date of breach, general damages and costs.
Orders
- The defendant is indebted to the plaintiff in the sum of UGX 71,451,566 and is ordered to pay that sum to the plaintiff.
- The prayer for interest at 18.5% per annum from the date of breach until payment in full is refused.
- Interest at the court rate is awarded from the date of judgment until payment in full.
- Costs of the suit are awarded to the plaintiff.
Rules and key headnotes
Full judgment
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