Government has resolved to increase PostBank’s authorised share capital by 400% from UGX100 Billion to UGX500 Billion. For customers, this means that access to low-priced financing would further be enabled while the Bank will benefit in terms of reduced cost of operations. The move was revealed to the press Evelyn Anite, the Minister of State for privatisation and Investment after a closed-door Annual General Meeting held on August 23, at the Ministry of Finance, Planning and Economic Development in Kampala. Hon. Anite lauded PostBank for attaining Tier One status and congratulated the new Board and Management for reviving the bank’s…
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