PostBank Uganda is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Uganda }), is a landlocked country in East Africa. The country is bordered to the east by Kenya, to the north by South Sudan, to the west by the Democratic Republic of the Congo, to the south-west by Rwanda, and to the south by Tanzania. The south ...

, licensed and supervised by the

Bank of Uganda The Bank of Uganda ( sw, Benki Kuu ya Uganda) is the central bank of Uganda. Established in 1966, by Act of Parliament, the bank is wholly owned by the government but is not a government department. History In 1979 and again in 1987, the Bank ...

, the country's

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

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:745 billion (approx. US$193.3 million), with shareholders' equity worth UGX:117.1 billion (approx. US$30.4 million). At that time customer deposits totaled UGX:507.2 billion (approx. US$131.6 million), and its loan book stood at UGX:454.9 billion (approx. US$118 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 Uganda is a presidential republic in which the President of Uganda is the head of state and the prime minister is the head of government business. There is a multi-party system. Executive power is exercised by the government. Legislative power is ...

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

# Arua Branch -

Arua Arua is a city and commercial centre within the Arua District in the Northern Region of Uganda. Location Arua is approximately , by road, north-west of Kampala, the capital and largest city of Uganda, Arua is about , by road, west of Gulu, ...

# Bombo Branch - Bombo # Bugolobi Branch - Bugoloobi, Kampala # City Branch - Nkrumah Road, Kampala (Head Office) # Entebbe Branch -

Entebbe Entebbe is a city in Central Uganda. Located on a Lake Victoria peninsula, approximately southwest of the Ugandan capital city, Kampala. Entebbe was once the seat of government for the Protectorate of Uganda prior to independence, in 1962. The ...

# Fort Portal Branch -

Fort Portal Fort Portal or Kabarole is a city located in the Western Region of Uganda. It is the seat of both Kabarole District and historically of the Toro Kingdom. Location Fort Portal in Kabarole District is located approximately by road, west of Kampa ...

# Gulu Branch -

Gulu Gulu is a city in the Northern Region of Uganda. It is the commercial and administrative centre of Gulu District. The coordinates of the city of Gulu are 2°46'54.0"N 32°17'57.0"E. The distance from Gulu to Kampala, Uganda's capital and larg ...

# Hoima Branch -

Hoima Hoima is a city in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Hoima District. It is also the location of the palace of the Omukama of Bunyoro. Location Hoima is approximately , by road, n ...

# Iganga Branch -

Iganga Iganga is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Iganga District. Location Iganga is located in Uganda's Busoga sub-region. It lies approximately , by road, northeast of the c ...

# Jinja Branch - Jinja # Kabale Branch -

Kabale Kabale is a town in the Western Region of Uganda. It is the chief town of Kabale District, and the district headquarters are located there. Sometimes nicknamed “Kastone” as in the local language Rukiga, a “kabale” is a small stone. Loca ...

# Kakiri Branch - Kakiri # Kampala Road Branch - Kampala Road, Kampala # Kamwenge Branch -

Kamwenge Kamwenge is a town in the Western Region of Uganda. It is the site of the Kamwenge District headquarters. Location Kamwenge is approximately , by road, west of Kampala, Uganda's capital and largest city. This is approximately , by road, south ...

# Kanungu Branch -

Kanungu Kanungu is a town in the Western Region of Uganda. It is the location of the district headquarters for Kanungu District. Location Kanungu is located approximately , on a winding dirt road, southwest of the town of Rukungiri, the nearest large ...

# Kasese Branch -

Kasese Kasese is a town north of Lake George in the Western Region of Uganda. It originally grew around the copper mine at Kilembe, while attention later turned to cobalt mining. It is the chief town of Kasese District, and the district headquart ...

# Kayunga Branch -

Kayunga Kayunga is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Kayunga District. Location Kayunga is approximately northeast of Kampala, Uganda's capital and largest city, on an all-we ...

# Kitgum Branch -

Kitgum Kitgum is a municipality in Kitgum District in the Northern Region of Uganda. The town is administered by Kitgum Municipality Council, an urban local government. It is the largest metropolitan area in the district and the site of the district h ...

# Lacor Branch -

Lacor Hospital St. Mary's Hospital Lacor, commonly referred to as Lacor Hospital, is a hospital in Gulu District, Northern Uganda. It was founded by Comboni Missionaries and is administered and managed by Roman Catholic Archdiocese of Gulu. Location Lac ...

# Lira Branch -

Lira Lira is the name of several currency units. It is the current currency of Turkey and also the local name of the currencies of Lebanon and of Syria. It is also the name of several former currencies, including those of Italy, Malta and Israe ...

# Masaka Branch -

Masaka Masaka is a city in the Buganda Region of Uganda, west of Lake Victoria. The city is the headquarters of Masaka District. Location Masaka is approximately to the south-west of Kampala on the highway to Mbarara. The city is close to the Equato ...

# Mbale Branch -

Mbale Mbale is a city in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Mbale District and the surrounding sub-region. Location Mbale is approximately , by road, northeast of Kampala, Uganda's capital ...

# Mbarara Branch -

Mbarara Mbarara City is a city in the Western Region of Uganda and the second largest city in Uganda after Kampala. The city is divided into 6 boroughs of Kakoba Division, Kamukuzi Division, Nyamitanga Division, Biharwe Division, Kakiika Division, Ny ...

# Mubende Branch -

Mubende Mubende is a town in the Central Region of Uganda. It is the main municipal, administrative, and commercial center of Mubende District and is the location of the district headquarters. Location Mubende is approximately , by road, west of Kampa ...

# Mukono Branch - Mukono # Nakasongola Branch -

Nakasongola Nakasongola is a town in Nakasongola District in the Central Region of Uganda. The town is the site of the district headquarters. Location Nakasongola is approximately north of Kampala, the capital and largest city of Uganda, on an all-weathe ...

# Ndeeba Branch - Ndeeba, Kampala # Ntungamo Branch -

Ntungamo Ntungamo is a town in the Western Region of Uganda. It is the largest town in Ntungamo District and the site of the district headquarters. Location Ntungamo is about , by road, southwest of the city of Mbarara, the largest city in Uganda's Wes ...

# Soroti Branch -

Soroti Soroti is a city in Eastern Region of Uganda. It is the main City, commercial, and administrative center in curved out of Soroti District, one of the nine administrative districts in the Teso sub-region. Soroti City was immediately approved f ...

# Wandegeya Branch - Wandegeya, Kampala # William Street - Kampala. # Anaka Branch - Nwoya

Mobile branches

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

Budaka District Budaka District is a district in the Eastern Region of Uganda. The town of Budaka is the site of the district headquarters. Location Budaka district is bordered by Pallisa District to the north, Mbale District to the east, Butaleja District to ...

# Bududa - Bududa District # Bukedea -

Bukedea District Bukedea District is a district in the Eastern Region of Uganda. The town of Bukedea is the site of the district headquarters. Location Bukedea District is bordered by Kumi District to the west and north, Bulambuli District to the east, Sironko D ...

# Butaleja -

Butaleja District Butaleja District is a district in Eastern Uganda. It is named after its 'chief town', Butaleja, where the district headquarters are located. Location Butaleja District is bordered by Budaka District to the north, Mbale District to the east, T ...

- Kabarole District #

- Kamwenge District # Kapchorwa - Kapchorwa District # Kibaale - Kibaale District #

Kyegegwa Kyegegwa is a town in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Kyegegwa District. Location Kyegegwa is located on the Mubende–Kyegegwa–Kyenjojo–Fort Portal Road, the main highway be ...

Kyegegwa District Kyegegwa District is a district in Western Region of Uganda. The town of Kyegegwa hosts the district headquarters. Location Kyegegwa District is bordered by Kibaale District to the north, Mubende District to the east, Kiruhura District to the ...

Kyenjojo Kyenjojo is a town in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Kyenjojo District and the site of the district headquarters. Location Kyenjojo is at the intersection of two major highways. ...

- Kyenjojo District # Manafwa -

Manafwa District Manafwa District is a district in the Eastern Region of Uganda. Manafwa is the district headquarters. Location Manafwa District is bordered by Bududa District to the north, Kenya to the east and south, Tororo District to the south-west, and Mb ...

Pallisa Pallisa is a town in Pallisa District of the Eastern Region of Uganda. Location Pallisa is approximately , by road, west of Mbale, the largest city in the Eastern Region of Uganda. This is approximately , by road, northeast of Kampala, the cap ...

Pallisa District Pallisa District is a district in Eastern Uganda. Like most other Ugandan districts, it is named after its chief town, Pallisa, where the district headquarters are located. Location Pallisa District is bordered to the north by (from west to east) ...

# Sironko - Sironko District #

Tororo Tororo is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Tororo District. History Tororo was garrisoned by the Uganda Army's Air and Sea Battalion during the Uganda–Tanzania War ...

Tororo District Tororo District is a district in the Eastern Region of Uganda. The town of Tororo hosts the district headquarters. Location Tororo District is bordered by Mbale District to the north, Manafwa District to the north-east, Kenya to the east, Busia ...

Governance

The activities of PostBank Uganda are directed by its board of directors. , the

chairperson The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by ...

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 A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

and

chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

Julius Kakeeto Julius Kakeeto, is a Ugandan accountant, businessman, and bank executive. He has served as the managing director and chief executive officer of PostBank Uganda since November 2019. Before that, from 2015 until 2019, he was the managing director ...

References

External links

Official Website
{{DEFAULTSORT:Postbank Uganda Financial services companies of Uganda Financial services companies established in 1926 Companies based in Kampala Government-owned companies of Uganda Postal savings system 1926 establishments in Uganda