Wikipedia

Pearl Bank

Pearl Bank Uganda Limited is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank was formerly known as PostBank Uganda.[5]

Pearl Bank Uganda
Company type
Parastatal
IndustryFinancial services
Founded1926; 100 years ago (1926)
HeadquartersRoscoe Road, Kololo
Kampala, Uganda
Key people
Andrew Otengo Owiny
Chairperson[1]
Julius Kakeeto
Managing Director / Chief Executive Officer[2]
ProductsLoans, checking, savings, investments
RevenueIncreaseAftertax:UGX:47.3 billion (US$12,718,918) (2025)[3]
Total assetsUGX:1.875 trillion (US$504,185,437) (2025)[3]
Number of employees
1,153 (2023)[4]
Websitewww.pearlbank.co.ug

The institution received her tier-1 banking license in December 2021.[6][7] Before that, Pearl Bank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.[8]

Overview

edit

As of December 2025, Pearl Bank Uganda had total assets worth UGX:UGX:1.875 trillion (US$504.9), with shareholders' equity of UGX: 239.8 billion (US$64.5 million). At that time, the bank's customer deposits totaled UGX:790 billion (approx. US$381 million) and its loan book stood at UGX:749 billion (approx. US$201.4 million).[3]

History

edit

Pearl Bank Uganda has been in existence since 1926.[9] It started out as a department in the Post Office. In February 1998 PostBank Uganda Limited was incorporated in accordance with the Communications Act of 1997 to take over the operations of the former Post Office Savings department. Pearl Bank Uganda was incorporated under the Companies Act in February 1998 as a limited liability company. The bank's operations are supervised by the Bank of Uganda under the Financial Institutions Act. Before December 2021, it was classified as a Tier II Institution (Non-Bank Credit Institution), by the Bank of Uganda (BOU). That month, it received a Tier I banking license from BOU.[8]

In June 2025, the bank officially announced its rebrand to Pearl Bank Uganda Limited, pending final regulatory approval from the Bank of Uganda. In November 2025, Pearl Bank came out officially to the public. The name "Pearl Bank" is inspired by Uganda's global identity as the "Pearl of Africa." It reflects the bank's deep national roots, modern outlook, and purpose-driven ambition to foster prosperity for all Ugandans.[10]

Ownership

edit

Pearl Bank Uganda is wholly owned by the Government of Uganda.[9]

Branch network

edit

As of February 2021, Pearl Bank Uganda maintained a branch network of 33 fixed branches and 17 mobile banking units, totaling 50 branches.[11]

Fixed branches

edit
  1. Arua Branch - Arua
  2. Bombo Branch - Bombo
  3. Bugolobi Branch - Bugoloobi, Kampala
  4. Bulenga Branch - Bulenga
  5. City Branch - Nkrumah Road, Kampala (Head Office)
  6. Entebbe Branch - Entebbe
  7. Fort Portal Branch - Fort Portal
  8. Gulu Branch - Gulu
  9. Hoima Branch - Hoima
  10. Iganga Branch - Iganga[12]
  11. Jinja Branch - Jinja
  12. Kabale Branch - Kabale
  13. Kakiri Branch - Kakiri
  14. Kampala Road Branch - Kampala Road, Kampala
  15. Kamwenge Branch - Kamwenge[13]
  16. Kanungu Branch - Kanungu[14]
  17. Kasese Branch - Kasese
  18. Kayunga Branch - Kayunga
  19. Kitgum Branch - Kitgum
  20. Lacor Branch - Lacor Hospital, Gulu
  21. Lira Branch - Lira
  22. Masaka Branch - Masaka
  23. Mbale Branch - Mbale
  24. Mbarara Branch - Mbarara
  25. Mubende Branch - Mubende
  26. Mukono Branch - Mukono[1]
  27. Nakasongola Branch - Nakasongola
  28. Ndeeba Branch - Ndeeba, Kampala
  29. Ntungamo Branch - Ntungamo
  30. Soroti Branch - Soroti
  31. Wandegeya Branch - Wandegeya, Kampala
  32. William Street - Kampala.[15]
  33. Anaka Branch - Nwoya

Mobile branches

edit

Governance

edit

The activities of Pearl Bank Uganda are directed by its board of directors. As of February 2021, the chairperson of the board was Andrew Otenga Owiny.[1] The day-to-day activities of the bank are supervised by a team of ten bank managers, headed by the managing director. As of November 2019, the managing director and chief executive officer is Julius Kakeeto.[2]

Rebrand

edit

In June 2025, the shareholders of the bank, approved the name change from PostBank Uganda to Pearl Bank Uganda. The rebrand required approval from the Bank of Uganda.[5][18]

See also

edit

References

edit
  1. 1 2 3 Daily Monitor Reporter (19 February 2021). "PostBank Gets New Board Chair". Daily Monitor. Kampala. Retrieved 19 February 2021.
  2. 1 2 Javia Ssebwami (11 November 2019). "Post Bank Uganda announces new managing director". PML Daily. Kampala. Retrieved 3 April 2020.
  3. 1 2 3 Paul Murungi (30 March 2026). "Julius Kakeeto Steer Pearl Bank To UGX 47.3 Billion Profit As Rebrand Signals Rise of A Homegrown Banking Powerhouse Paving The Way For The Next Growth Phase". CEO Magazine. Kampala, Uganda. Retrieved 28 April 2026.
  4. ↑ "Postbank Uganda Integrated Report As of 31 December 2023" (PDF). Postbank Uganda. Kampala, Uganda. 31 July 2024. Retrieved 8 August 2024.
  5. 1 2 Martin Luther Oketch (12 June 2025). "PostBank rebrands to Pearl Bank". Daily Monitor. Kampala, Uganda. Retrieved 18 November 2025.
  6. ↑ Amon Katungulu (14 December 2021). "Pearl Bank elevated to tier one commercial bank". Nile Post Uganda. Kampala, Uganda. Retrieved 14 December 2021.
  7. ↑ Godfrey Ivudria (16 December 2021). "Post Bank Becomes A Fully-Fledged Commercial Bank". East African Business Week. Kampala, Uganda. Archived from the original on 16 December 2021. Retrieved 17 December 2021.
  8. 1 2 Dorothy Nakaweesi (15 December 2021). "Post Bank becomes Uganda's 27th commercial bank". Daily Monitor. Kampala, Uganda. Retrieved 16 December 2021.
  9. 1 2 "Our History". Retrieved 29 May 2020.
  10. ↑ Martin Luther Oketch (12 June 2025). "PostBank rebrands to Pearl Bank". Daily Monitor. Kampala, Uganda. Retrieved 28 April 2026.
  11. ↑ "List of Pearl Bank Branches". Pearl Bank Uganda. Archived from the original on 31 December 2013. Retrieved 29 May 2014.
  12. ↑ Kiirya, Donald (21 March 2009). "Central Bank commends PostBank". New Vision. Archived from the original on 31 May 2014. Retrieved 29 May 2014.
  13. ↑ Mafaranga, Hope (25 October 2009). "Uganda: Post Bank Goes to Kamwenge". New Vision via AllAfrica.com. Retrieved 29 May 2014.
  14. ↑ Baraire, Patson (7 November 2010). "Uganda: Kanungu Gets Its Second Commercial Bank". New Vision via AllAfrica.com. Retrieved 29 May 2014.
  15. ↑ Faridah Kulabako (18 February 2011). "Banks Intensify Branch Growth to Raise Customer Base". Daily Monitor. Kampala, Uganda. Retrieved 29 May 2014.
  16. ↑ Senyonyi, Taddewo (6 January 2014). "Banking On Wheels: Banks Innovatively Reaching Out to The Unbanked In Remote Areas". The CEO Magazine (Kampala). Retrieved 5 June 2014.
  17. ↑ Ghosh, Ishita (28 September 2010). "The Ugandan Millionaire". Theworkzine.com. Retrieved 29 May 2014.
  18. ↑ Lydia Labanya (6 June 2025). "Postbank Uganda Rebrands to Peal Bank Uganda". New Vision. Kampala, Uganda. Retrieved 18 November 2025.
edit
Retrieved from "https://en.wikipedia.org/w/index.php?title=Pearl_Bank&oldid=1351554673"