PostBank Uganda is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank received her tier-1 banking license in December 2021.[4][5]
| Company type | Parastatal |
|---|---|
| Industry | Financial services |
| Founded | 1926 |
| Headquarters | 4 - 6 Nkrumah Road Kampala, Uganda |
Key people | Andrew Otengo Owiny Chairperson[1] Julius Kakeeto Managing Director / Chief Executive Officer[2] |
| Products | Loans, checking, savings, investments |
| Revenue |  Aftertax:UGX:27.5 billion (US$7.44 million) (2023) |
| Total assets | UGX:1.071 trillion (US$289.62 million) (2023) |
Number of employees | 1,153 (2023)[3] |
| Website | www |
Before that, PostBank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.[6]
Overview
editAs of December 2023[update], PostBank Uganda had total assets worth UGX:1.071 trillion (approx. US$289.62 million), with shareholders' equity worth UGX:163.8 billion (approx. US$44.3 million).[3] At that time customer deposits totaled UGX:790 billion (approx. US$213.6 million), and its loan book stood at UGX:603 billion (approx. US$163 million).[7]
History
editPostBank Uganda has been in existence since 1926.[8] It started out as a department in the Post Office. In February 1998 PostBank Uganda Limited was incorporated in accordance with the Communications Act of 1997 to take over the operations of the former Post Office Savings department.
PostBank Uganda was incorporated under the Companies Act in February 1998 as a limited liability company. The bank's operations are supervised by the Bank of Uganda under the Financial Institutions Act. Before December 2021, it was classified as a Tier II Institution (Non-Bank Credit Institution), by the Bank of Uganda (BOU). That month, it received a Tier I banking license from BOU.[6]
Ownership
editPostBank Uganda is wholly owned by the Government of Uganda.[8]
Branch network
editAs of February 2021, PostBank Uganda maintained a branch network of 33 fixed branches and 17 mobile banking units, totaling 50 branches.[9]
Fixed branches
edit- Arua Branch - Arua
- Bombo Branch - Bombo
- Bugolobi Branch - Bugoloobi, Kampala
- Bulenga Branch - Bulenga
- City Branch - Nkrumah Road, Kampala (Head Office)
- Entebbe Branch - Entebbe
- Fort Portal Branch - Fort Portal
- Gulu Branch - Gulu
- Hoima Branch - Hoima
- Iganga Branch - Iganga[10]
- Jinja Branch - Jinja
- Kabale Branch - Kabale
- Kakiri Branch - Kakiri
- Kampala Road Branch - Kampala Road, Kampala
- Kamwenge Branch - Kamwenge[11]
- Kanungu Branch - Kanungu[12]
- Kasese Branch - Kasese
- Kayunga Branch - Kayunga
- Kitgum Branch - Kitgum
- Lacor Branch - Lacor Hospital, Gulu
- Lira Branch - Lira
- Masaka Branch - Masaka
- Mbale Branch - Mbale
- Mbarara Branch - Mbarara
- Mubende Branch - Mubende
- Mukono Branch - Mukono[1]
- Nakasongola Branch - Nakasongola
- Ndeeba Branch - Ndeeba, Kampala
- Ntungamo Branch - Ntungamo
- Soroti Branch - Soroti
- Wandegeya Branch - Wandegeya, Kampala
- William Street - Kampala.[13]
- Anaka Branch - Nwoya
Mobile branches
editThe mobile branches are located in the following towns and districts:[14]
- Budaka - Budaka District
- Bududa - Bududa District
- Bukedea - Bukedea District
- Butaleja - Butaleja District
- Fort Portal - Kabarole District
- Kamwenge - Kamwenge District
- Kapchorwa - Kapchorwa District
- Kibaale - Kibaale District
- Kyegegwa - Kyegegwa District[15]
- Kyenjojo - Kyenjojo District
- Manafwa - Manafwa District
- Pallisa - Pallisa District
- Sironko - Sironko District
- Tororo - Tororo District
Governance
editThe activities of PostBank Uganda are directed by its board of directors. As of February 2021[update], the chairperson of the board was Andrew Otenga Owiny.[1] The day-to-day activities of the bank are supervised by a team of ten bank managers, headed by the managing director. As of November 2019, the managing director and chief executive officer is Julius Kakeeto.[2]
See also
editReferences
edit- ^ a b c Daily Monitor Reporter (19 February 2021). "PostBank Gets New Board Chair". Daily Monitor. Kampala. Retrieved 19 February 2021.
- ^ a b Javia Ssebwami (11 November 2019). "Post Bank Uganda announces new managing director". Kampala: PML Daily. Retrieved 3 April 2020.
- ^ a b "Postbank Uganda Integrated Report As of 31 December 2023" (PDF). Postbank Uganda. Kampala, Uganda. 31 July 2024. Retrieved 8 August 2024.
- ^ Amon Katungulu (14 December 2021). "PostBank elevated to tier one commercial bank". Nile Post Uganda. Kampala, Uganda. Retrieved 14 December 2021.
- ^ Godfrey Ivudria (16 December 2021). "Post Bank Becomes A Fully-Fledged Commercial Bank". East African Business Week. Kampala, Uganda. Retrieved 17 December 2021.
- ^ a b Dorothy Nakaweesi (15 December 2021). "Post Bank becomes Uganda's 27th commercial bank". Daily Monitor. Kampala, Uganda. Retrieved 16 December 2021.
- ^ Muhereza Kyamutetera (11 April 2024). "Increased Lending To SMEs And Agriculture Leads Postbank Assets To Surpass UGX One Trillion". CEO Magazine Uganda. Kampala, Uganda. Retrieved 8 August 2024.
- ^ a b "Our History". Retrieved 29 May 2020.
- ^ "List of PostBank Branches". PostBank Uganda. Archived from the original on 31 December 2013. Retrieved 29 May 2014.
- ^ Kiirya, Donald (21 March 2009). "Central Bank commends PostBank". New Vision. Archived from the original on 31 May 2014. Retrieved 29 May 2014.
- ^ Mafaranga, Hope (25 October 2009). "Uganda: Post Bank Goes to Kamwenge". New Vision via AllAfrica.com. Retrieved 29 May 2014.
- ^ Baraire, Patson (7 November 2010). "Uganda: Kanungu Gets Its Second Commercial Bank". New Vision via AllAfrica.com. Retrieved 29 May 2014.
- ^ Faridah Kulabako (18 February 2011). "Banks Intensify Branch Growth to Raise Customer Base". Daily Monitor. Kampala, Uganda. Retrieved 29 May 2014.
- ^ Senyonyi, Taddewo (6 January 2014). "Banking On Wheels: Banks Innovatively Reaching Out to The Unbanked In Remote Areas". The CEO Magazine (Kampala). Retrieved 5 June 2014.
- ^ Ghosh, Ishita (28 September 2010). "The Ugandan Millionaire". Theworkzine.com. Retrieved 29 May 2014.
External links
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