Pride Bank Limited, is a Tier II credit institution in

Uganda Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. It 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 ...

. It is licensed by the

Bank of Uganda The Bank of 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 of Uganda managed to ma ...

, the

central bank A central bank, reserve bank, national bank, or monetary authority is an institution that manages the monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the mo ...

and national banking regulator.

Overview

, the institution's total assets were valued at UGX:455,557,125,000 (approx. US$125.56 million), with shareholders' equity of UGX:168,557,125,000 (US$46.46 million). During the 12 months ending 31 December 2023, the institution made an after-tax profit of UGX:7,687,853,000 (approx. $2.12 million).

History

PMFL was founded in 1995 as a

non-governmental organization A non-governmental organization (NGO) is an independent, typically nonprofit organization that operates outside government control, though it may get a significant percentage of its funding from government or corporate sources. NGOs often focus ...

with the support of the

Norwegian Agency for Development Cooperation The Norwegian Agency for Development Cooperation (Norad) is a directorate under the Norwegian Ministry of Foreign Affairs. It is primarily concerned with offering development aid to international partners, but in matters regarding Norway's Inter ...

. Its major objective was to offer credit to the poor, targeting those in the agricultural sector. In 1999, it was incorporated as a limited company and changed its name to Pride Africa Uganda Limited. The institution provides financial services to that segment of the Ugandan population who are not served or are unable to access financial services through Ugandan commercial banks. PBL's focus are the micro, small, and medium size

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

s. It is therefore prohibited from dealing in

foreign exchange The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it i ...

. In 2003, the Uganda government acquired 100 percent shareholding in the enterprise, changing the name to Pride Microfinance Limited Uganda. In 2005, it attained the status of a Tier III (an MDI), according to the Banking Act of 2003. In February 2016, Ugandan media reported that the government was planning to merge PMFL with

PostBank Uganda 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 Ug ...

, to form an agricultural bank.

Developments

On 29 April 2025, Pride Microfinance officially rebranded to Pride Bank Limited, a Tier II credit institution, following appropriate licensing by the

on 26 November 2024. Fred Jachan Omach was introduced as the new chairman of Pride Bank. Edward Nkangi was introduced as the new executive director of the bank. At that time the bank's core capital was reported as UGX174 billion (US$47.78 million).

Branch network

The entire branch network of the company included the following locations, as of June 2014: # Arua Branch - Avenue Road,

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

# Bugiri Branch - Mivule Road,

Bugiri Bugiri is a town in the Eastern Region of Uganda. It is the chief town of Bugiri District, and the district headquarters are located there. The town was elevated to Municipal Council status in 2019. Location Bugiri is located approximately , b ...

# Bukoto Branch - Victoria Office Park, 6-9 Ben Kiwanuka Okot Close,

Bukoto Bukoto is a township within the city of Kampala, Uganda's capital and largest metropolitan area. Location Bukoto is bordered by Kisaasi to the north, Kigoowa to the north-east, Ntinda to the east, Naguru to the south-east, Kololo to the south ...

Kampala Kampala (, ) is the Capital city, capital and largest city of Uganda. The city proper has a population of 1,875,834 (2024) and is divided into the five political divisions of Kampala Central Division, Kampala, Kawempe Division, Kawempe, Makindy ...

Main Branch # Bushenyi Branch - High Street,

Bushenyi Bushenyi is a town in Western Uganda. It is the 'chief town' of Bushenyi District and the site of the district headquarters. The district is named after the town, in keeping with the practice in most of the districts in the country. Location Bus ...

# Buwenge Branch - Kamuli Road, Buwenge # Kampala City Branch - Mukwano Arcade, Kampala # Fort Portal Branch - Rukidi Road,

Fort Portal Fort Portal formerly Kabarole () is a city located in the Western Region, Uganda, Western Region of Uganda. It is the seat of both Kabarole District and historically of the Tooro Kingdom. Etymology Fort Portal was named after British Diplomac ...

# Gulu Branch - Cemetery Road,

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 city's distance from Kampala, Uganda's capital and large ...

# Entebbe Road Branch - Metropole House, Entebbe Road, Kampala # Hoima Branch - Old Tororo Road,

Hoima Hoima is the second capital 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 located approximately northwest of K ...

# Ibanda Branch - High Street,

Ibanda Ibanda is a town in the Western Region of Uganda. It is the main political, administrative, and commercial centre of Ibanda District and the site of the district headquarters. It started way back in the 1990s and was elevated from a trading ce ...

# Iganga Branch - Main Street,

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

# Ishaka Branch - Rukungiri Road,

Ishaka Ishaka is a town in the Western Region of Uganda. It is one of the municipalities in Bushenyi District. Location Ishaka is located in Igara County, in Bushenyi District, approximately , by road, west of Mbarara, the largest city in the sub-regio ...

# Jinja Branch - Main Street, Jinja # Kabalagala Branch - Muyenga Road,

Kabalagala Kabalagala is a neighbourhood in Kampala, the capital and largest city in Uganda. It houses some of the leading partygoers in the city. It is located next to Nsambya where the American Embassy in Uganda is found. Location Kabalagala is bordered b ...

# Kabale Branch - Kabale Road,

Kabale Kabale City is a city in the Western Region of Uganda. It is the main city of Kabale District, and the district headquarters are located at Makanga hills. It is sometimes nicknamed "Kastone" as in the local Rukiga language, a "kabale" is a sma ...

# Kabingo Branch - Kabingo Trading Center,

Isingiro District Isingiro District is a Districts of Uganda, district in the Western Region, Uganda, Western Region of Uganda. The town of Isingiro is the district's main municipal, administrative, and commercial center. Location Isingiro District is bordered b ...

# Kabwohe Branch - Mbarara Road,

Kabwohe Sheema, also Sheema Municipality, is an urban centre in the Western Region, Uganda, Western Region of Uganda. It is the largest municipality in Sheema District. Location Sheema lies on the Mbarara–Ishaka Road, approximately west of Mbarara, th ...

# Kagadi Branch - High Street, Kagadi # Kasese Branch - Saad Building,

Kasese Kasese is a town in the Western Region, Uganda, Western Region of Uganda. It is the capital of Kasese District. Kasese is also the largest town in the Rwenzururu region. In 2020 it had an estimated population 115,400. It lies north of Lake Georg ...

# Katwe Branch - Katwe Road, Katwe # Kawempe Branch - Bombo Road,

Kawempe Kawempe is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Kawempe Division, one of the five administrative divisions of Kampala. Location Kawempe is located on the northwestern edge of Kampala. ...

# Lira Branch - Oboe Avenue,

Lira Lira is the name of several currency units. It is the current Turkish lira, currency of Turkey and also the local name of the Lebanese pound, currencies of Lebanon and of Syrian pound, Syria. It is also the name of several former currencies, ...

# Lugazi Branch - Ntenga Road,

Lugazi Lugazi is a town in the Buikwe District of the Central Region of Uganda. The town is also called "Kawolo", and the two names are interchangeably used by the local inhabitants. Location The town is on the Kampala-Jinja Highway, approximately ...

# Masaka Branch - Kampala Road,

Masaka Masaka is a city in the Central Region, Uganda, Buganda Region in 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 ...

# Mbale Branch - Republic Street,

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 northeast of Kampala, Uganda's capital city, on ...

# Mbarara Branch - High Street,

Mbarara Mbarara City is a city in the Western Region, Uganda, 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, ...

# Mukono Branch - Kampala-Jinja Highway, Mukono # Nakawa Branch - UMA Show Ground,

Nakawa Nakawa is an area in the city of Kampala, Uganda's capital. It is also the location of the headquarters of Nakawa Division, one of the five administrative divisions of Kampala. Location Nakawa is located on the eastern edge of the city of Kamp ...

# Naakulabye Branch - Hoima Road, Basiriak Building,

Naakulabye Naakulabye, also Nakulabye, is a neighborhood within the city of Kampala, the capital and largest city in Uganda. Location Naakulabye is located in Lubaga Division, in northwestern Kampala. It is bordered by Makerere Kikoni to the north, Makerer ...

# Nateete Branch - Masaka Road,

Nateete Nateete is a location in the city of Kampala, Uganda's capital. Location Nateete is located in Lubaga Division, on the southwestern edge of the city of Kampala. It is bordered by Busega to the north, Lungujja to the northeast, Lubaga to the n ...

# Pader Branch - Main Street, Pader # Rukungiri Branch - Rukungiri Road,

Rukungiri Rukungiri is a town in Rukungiri District of the Western Region of Uganda. It is the site of the district headquarters. Geography Rukungiri is approximately north of Kabale, the largest city in the Kigezi sub-region. It is about , southwest o ...

# Soroti Branch - Solot Avenue,

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

# Wandegeya Branch - Bombo-Gayaza Roundabout,

Wandegeya Wandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area. The name is derived from the weaver birds, (''Endegeya'' in Luganda), which used to inhabit the area prior to the 1990s. Location Wandegeya ...

References

External links