PostBank reorganisation pays off; assets defy Covid-19 to grow by 38%, reaching a record UGX675 bn

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PostBank Uganda’s bid to become a tier-one bank got another boost, following an above-industry 2020 growth.   Results published last week show, PostBank, the 100% government-owned financial institution, crossed the UGX500 billion assets rubicon, reaching UGX675 billion— a 38% increase, from the UGX490.6 billion registered in 2019. At UGX675 billion, PostBank, although a tier-two ins