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Tag Archives: PostBank

PostBank records Shs15.1bn profit after tax

Kampala, Uganda | THE INDEPENDENT | PostBank has announced its financial results with a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported a net profit of UGX. 15.1 billion, a solid year-over-year growth of 19.3% up from the UGX. 12.2 billion net profit …

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PostBank enters tier one territory for banks

PostBank Uganda has officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. Kampala, Uganda | THE INDEPENDENT | The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial institution that …

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PostBank net profit up 16.7%

Supported by earnings on deposits, loans, fees and commission Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda has reported an increase in profit after tax from Shs8.3bn in 2019 to Shs10bn in 2020 amidst the COVID-19 pandemic crisis. According to its financial results released on May 03, …

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Digital offers comedian Richard Tuwangye new opportunities

  Kampala, Uganda | THE INDEPENDENT | Life has not been the same for renowned Ugandan actor and comedian Richard Tuwangye aka Amoosi since the nationwide lockdown was announced in March 2020. The arts and creative sector from which Tuwangye makes a living was among the hardest hit. With social distancing …

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Edwin Keronga to head PostBank as Mukweli bows out

Kampala, Uganda | THE INDEPENDENT | Edwin Keronga has been appointed Managing Director of PostBank Uganda Limited, following the resignation of Stephen Mukweli. Mukweli who has been the bank’s Managing Director since the early 2000s, handed in his resignation to the bank’s board chairman Grace Bakunda on Friday, a day …

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