Kampala, Uganda | THE INDEPENDENT | PostBank Uganda’s agricultural loan book has registered commendable growth of 70% over a four-year period, from Ushs. 107 billion in 2021 to a 70% growth rate by June 2024. Officials attribute the impressive performance to favorable lending rates, government support, and other contributing …
Read More »PostBank aids farmers in Arua district
Arua, Uganda | THE INDEPENDENT | More than 150 cassava farmers and SMEs involved in different stages of the value chain in Arua District have gone through a 4-day extensive training under the PostBank Agri-SME Skills Development Programme, facilitated in partnership with Federation of Small and Medium Enterprises (FSME) to equip …
Read More »PostBank prepares150 Arua farmers to tap into East African market
Farmers in Arua Gain Value Addition Skills Under s Agri-SME Skills Development Programme Arua, Uganda | THE INDEPENDENT | To enable them explore trade opportunities across the region, more than 150 cassava farmers and SMEs involved in different stages of the value chain in Arua District have gone through …
Read More »PostBank introduces quick, easy to register ZeroFlex Digital Account
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has launched a Self-Onboarding ZeroFlex digital account to enable customers to self-register and have access to financial services anywhere and at any time without necessarily moving to the bank premises. The ZeroFlex account is a digital account that allows existing or new …
Read More »Ibrahim Kato named Chief Retail Officer at PostBank
Kampala, Uganda | THE INDEPENDENT | Ibrahim Kato is PostBank Uganda Limited’s new Chief Retail Officer. According to a statement from the bank, Kato will be responsible for the formation and execution of the bank’s business growth strategy across distribution channels, fintech business, aales, and bancassurance. “Ibrahim currently oversees the bank’s retail …
Read More »PostBank partners with Airtel
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda has partnered with Airtel Money to foster financial inclusion by eliminating charges on all transfers made from the PostApp and PostMobile to Airtel Money wallets. This initiative seeks to reduce the financial burden on PostBank customers while enhancing their access to a wide …
Read More »Postbank partners MTN Uganda to digitize PDM payments
Kampala, Uganda | THE INDEPENDENT | PostBank Uganda in partnership with MTN Uganda has launched “Wendi,” a mobile wallet platform designed to support the government in the seamless disbursement of Parish Development Model funds. The platform powered by PostBank strategically pivots on the group savings and funds management, digital money savings, …
Read More »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 …
Read More »PostalPay to slash cost of sending money from Europe to Uganda
Remittance inflows to Uganda stood at US$1.08 billion in 2021 Kampala, Uganda | RONALD MUSOKE | Uganda’s rural population will now be able to access key financial services through a new mobile application known as PostalPay. The app developed by cross border payment companies –Inpay and Eurogiro – in …
Read More »UAP Old Mutual and PostBank Uganda offer financial wellness class
Kampala, Uganda | THE INDEPENDENT | UAP Old Mutual is partnering with PostBank to organize a financial wellness class hosted on Twitter Spaces, Facebook as well as Zoom and YouTube. The webinar themed “Learn, Grow, Protect Your Finances,” will be moderated by TV personality, Mildred Tuhaise and is set to …
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