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 East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

, 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 Ba ...

, 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 central ba ...

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.

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 # Bombo Branch -

Bombo Bombo may refer to: Music * ''Bombo'' (musical), a 1921 Broadway production starring Al Jolson * "Bombo" (song), by Norwegian singer Adelén *Bombo criollo or just bombo, a family of Latin American drums *Bombo legüero, an Argentine drum *An 18th ...

# 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. T ...

# 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 Kampal ...

# 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, nort ...

# 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, Uganda, 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” ...

# Kakiri Branch -

Kakiri Kakiri is a town located in Wakiso District in the Central Region of Uganda. Location Kakiri is approximately , by road, northwest of Kampala, the capital of Uganda. The town is located on the Kampala–Hoima Road, connecting Kampala to Uganda ...

# 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, southe ...

# 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 headquarters ...

# 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-weath ...

# 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 ...

# 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 Lacor ...

# Lira Branch - Lira # 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 capita ...

# 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, ...

# 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 Kampal ...

# Mukono Branch -

Mukono Mukono Town is a municipality in Mukono District in the Central Region of Uganda. The town is administered by the Mukono Town Council. The district headquarters are located in this town. Location Mukono Municipality is 21 km east of ...

# 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 Ndeeba is a neighborhood in the city of Kampala, Uganda's capital. Location Ndeeba is located in Lubaga Division, one of the five administrative divisions of Kampala. It lies on the southern edge of the city. It is bordered by Mengo to the nor ...

, Kampala # Ntungamo Branch -

Ntungamo Ntungamo is a town in the Western Region, Uganda, 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 larges ...

# 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 ...

# Wandegeya Branch -

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 ...

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

Mobile branches

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

Bududa Bududa is a town in the Eastern Region of Uganda. It is the main municipal, administrative, and commercial center of Bududa District. Location Bududa is located on the south-western slopes of Mount Elgon, approximately , by road, south-east of M ...

Bududa District Bududa District is a district in the Eastern Region of Uganda. Bududa is the chief town of the district. Location Bududa District is bordered by Sironko District to the north, Kenya to the east, Manafwa District to the south, and Mbale District ...

Bukedea Bukedea is a town in the Eastern Region, Uganda, Eastern Region of Uganda. It is the chief municipal, administrative, and commercial center of Bukedea District, and the district headquarters are located there. Location Bukedea is situated on the ...

- Bukedea District #

Butaleja Butaleja is a town in Eastern Region of Uganda. It is the main municipal, administrative and commercial center of Butaleja District and the district headquarters are located there. The district is named after the town. Location Butaleja is ...

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, To ...

Kabarole District Kabarole District is a district in Western Uganda. Kabarole District is part of the Kingdom of Toro. Its main town was Fort Portal before 1st July 2020 when it was elevated to a city, separating it from Kabarole district Government. The new Kabar ...

- Kamwenge District #

Kapchorwa Kapchorwa is a town in the Eastern Region of Uganda. It is the main municipal, commercial, and administrative center of Kapchorwa District. Initially the present day Kapchorwa was known as the Sebei Region. Location The town of Kapchorwa is loca ...

Kapchorwa District Kapchorwa District is a district in the Eastern Region of Uganda. The town of Kapchorwa is the district's main municipal, administrative, and commercial center, and is the site of the district headquarters. It is also the home district of Step ...

Kibaale Kibaale is a town in the Western Region of Uganda. It is the main municipal, administrative, and commercial center of Kibaale District, and the district headquarters are located there. Location Kibaale is in Buyaga County, approximately , by ro ...

Kibaale District Kibaale District, is a district in the Western Region of Uganda. The district headquarters are in the town of Kibaale. Location Kibaale District is bordered by Hoima District to the north, Kyankwanzi District to the north-east, Mubende District ...

# Kyegegwa -

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 s ...

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 Kyenjojo District is a district in the Western Region of Uganda. Kyenjojo town is the site of the district headquarters. Location Kyenjojo District is bordered by Kibale District to the north, Kyegegwa District to the east, Kamwenge Distric ...

Manafwa Manafwa is a town in the Eastern Region of Uganda. It is the largest town in Manafwa District and the site of the district headquarters. Location Manafwa is located approximately , by road, southeast of the city of Mbale, the largest metropoli ...

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 ...

# Pallisa -

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 is the largest metropolitan area in Sironko District of the Eastern Region of Uganda and the site of the district headquarters. Location Sironko is approximately by road, northeast of the city of Mbale on the highway between Mbale and ...

Sironko District Sironko District is a district in the Eastern Region of Uganda. The district was created in 2000 and had previously been part of Mbale District. Sironko is the main commercial town in the district. Location Sironko District is bordered by Bul ...

# Tororo -

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, Bus ...

Governance

The activities of PostBank Uganda are directed by its

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

. , the

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

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 especially ...

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 especially ...

is Julius Kakeeto.

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