Company NewsFinanceNews & AnalysisThe Big Story

Early Christmas for PostBank as BoU upgrades government-owned financial institution to fully-fledged commercial bank

by Muhereza Kyamutetera
The Exco team behind PostBank’s upgrade to a tier one (fully fledged) commercial bank. L-R front row: Chief HR &Admin Judy Kikonyogo; Managing Director/CEO Julius Kakeeto and Company Secretary/ Chief Legal Officer Justine Tumuheki Wabwire. L-R back row: Chief Credit Officer Martin Mugisha; Executive Director, Andrew Kabeera; Chief Finance Officer Peter Ssenyange and Chief Business Officer ,Andrew Agaba.
Getting your Trinity Audio player ready...
Bank Of Uganda has issued PostBank a license to operate as a tier-one commercial bank.  Henceforth, PostBank shall no longer be categorized as a credit institution but as a deposit-taking financial institution that gives loans for consumption and investment to make a profit. The bank can now carry out all the functions and services of commercial banks as stipulated in the Financial Institu

Thank You For Reading CEO East Africa Magazine.

Please SUBSCRIBE for UNLIMITED ACCESS to our game-changing stories or LOG IN for existing members.

Tagged:
About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.