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

CEO Reporter

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.

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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 Instit

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