PostBank Uganda
Company type | 100% Government owned |
---|---|
Industry | Financial services |
Founded | 1926; 98 years ago (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:12.2 billion (US$3.17 million) (2021) |
Total assets | UGX:745 billion (US$193.3 million), (2021) |
Number of employees | 700+ (2020) |
Website | www |
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.[3][4]
Before that, PostBank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.[5]
Overview
As of December 2020[update], 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).[6][7]
History
PostBank 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.[5]
Ownership
PostBank Uganda is wholly owned by the Government of Uganda.[8]
Branch network
As of February 2021, PostBank Uganda maintained a branch network of 33 fixed branches and 17 mobile banking units, totaling 50 branches.[9]
Fixed branches
- Arua Branch - Arua
- Bombo Branch - Bombo
- Bugolobi Branch - Bugoloobi, Kampala
- 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
The 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
The 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
References
- ^ 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.
- ^ 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.
- ^ Javira Ssebwami (26 April 2022). "PostBank posts strong 2021 results; sets new record highs across major fundamentals". PML Daily. Kampala, Uganda. Retrieved 10 August 2022.
- ^ George Mangula (26 April 2022). "Post Bank posts 15.8 percent growth in gross profit". TheCooperator.news. Kampala, Uganda. Retrieved 10 August 2022.
- ^ 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
- Official Website
- v
- t
- e
- Banda
- Bugoloobi
- Bukoto
- Busega
- Butabika
- Bwaise
- Ggaba
- Kabalagala
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- Daily Monitor
- New Vision
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- Insurance Regulatory Authority of Uganda
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- Kampala–Masaka Road
- Kampala–Mityana Road
- Kampala–Hoima Road
- Kampala Northern Bypass Highway
- Kampala Southern Bypass Highway
- Kampala Outer Beltway
- Tondeka Metro Bus Service
landmarks
- Afrexim Bank House, Kampala
- Bulange
- Christ the King Catholic Church
- Uganda Parliament Buildings
- Kampala Capital City Authority Complex
- DFCU House
- Kampala Protea Hotel
- Kampala Hilton Garden Inn
- Kampala Hilton Hotel
- Kampala Serena Hotel
- Kampala Sheraton Hotel
- Imperial Hotels Group
- Imperial Royale Hotel
- Grand Imperial Hotel
- Janani Luwum Church House
- Kampala Kingdom Hotel
- Kampala Speke Hotel
- Mapeera House
- Movement House
- Munyonyo Commonwealth Resort
- Thobani Centre
- Speke Resort and Conference Center
- East African Development Bank Building
- Bank of Uganda Building Complex
- Mengo Palace
- Kabaka's Place Banda
- Namirembe Cathedral
- Rubaga Cathedral
- Makerere University Main Campus
- National Water and Sewerage Corporation Headquarters Building
- Kampala Tower
- Hotel Africana
- Kibuli Mosque
- Old Kampala Mosque
- Uganda Inspectorate of Government Towers
- Uganda Ministry of Education Complex
- Uganda Museum
- Uganda National Cultural Centre
- Uganda National Records Centre and Archives
- Kasubi Tombs
- DFCU House
- Pension Towers
- JLOS House Project
- Roman Catholic Archdiocese of Kampala
- Aga Khan University, Kampala
- Cavendish University Uganda
- Clarke International University
- Habib Medical School
- Institute of Petroleum Studies Kampala
- International Health Sciences University
- International University of East Africa
- ISBAT University
- Kampala International School
- Kampala University
- Kibuli Secondary School
- Kitante Hill Secondary School
- Kololo Senior Secondary School
- Kyambogo University
- Law Development Centre
- Makerere College School
- Makerere University
- Makerere University Business School
- Mengo Senior School
- Nabisunsa Girls' Secondary School
- Nakawa Vocational Training Institute
- Nexus International University
- Rubaga Community School
- Stafford University Uganda
- St. Augustine International University
- St. Lawrence University
- Uganda Christian University School of Medicine
- Team University
- Uganda Industrial Research Institute
- Uganda Management Institute
- Uganda Martyrs University School of Medicine
- Uganda National Entrepreneurship Development Institute
- Uganda Technology and Management University
- Victoria University Uganda
- Uganda National Council for Higher Education
- Aga Khan University Hospital, Kampala
- Butabika Hospital
- Case Medical Centre
- International Hospital Kampala
- Kadic Hospital
- Kampala Hospital
- Kampala Medical Chambers Hospital
- Kawempe General Hospital
- Kibuli Hospital
- Kiruddu General Hospital
- Lubaga Hospital
- Makerere University Hospital
- Mbuya Military Hospital
- Mengo Hospital
- Mulago Hospital
- Mulago Women's Referral Hospital
- Murchison Bay Hospital
- Upper Mulago Regional Referral Hospital
- Nakasero Hospital
- Naguru General Hospital
- Nsambya Hospital
- Paragon Hospital
- Uganda Cancer Institute
- Uganda Heart Institute
- Uganda Medical and Dental Practitioners Council
- Women's Hospital International and Fertility Centre
- Galilee Community General Jewish Hospital of Uganda
- International Medical Group
- Uganda Joint Medical Store
- A.F. Mpanga Advocates
- ENSafrica
- Kampala Associated Advocates
- Kasirye Byaruhanga and Company Advocates
- Kateera & Kagumire Advocates
- Katende Ssempebwa & Company Advocates
- Kigozi Ssempala Mukasa Obonyo Advocates
- Ligomarc Advocates
- Sebalu & Lule Advocates
- Apolo Nsibambi
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- David Serwadda
- Fred Ruhindi
- John Ssebaana Kizito
- Bulaimu Muwanga Kibirige
- Erias Lukwago
- Ian Clarke
- Jennifer Musisi
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- Maria Kiwanuka
- Laurence Sematimba
- Joseph Kizito
- Justinian Tamusuza
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- Eugene Sseppuya
- Phillip Ssozi
- Sudhir Ruparelia
- Wasswa Serwanga
- Yusef Sozi
- Margaret Zziwa
- Beti Kamya-Turwomwe
- Moses Matovu
- Mohammed Hamid
- Hasmukh Dawda