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. Before that, PostBank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.

Overview

, 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). 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).

History

PostBank Uganda has been in existence since 1926. 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.

Ownership

PostBank Uganda is wholly owned by the Government of Uganda.

Branch network

As of February 2021, PostBank Uganda maintained a branch network of 33 fixed branches and 17 mobile banking units, totaling 50 branches.

Fixed branches

Mobile branches

The mobile branches are located in the following towns and districts:

Governance

The activities of PostBank Uganda are directed by its board of directors. , the chairperson of the board was Andrew Otenga Owiny. 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.