JULIUS KAKEETO: Investing in new technologies, revamping our digital banking platforms, revamping our branch network all paid off with good results PostBank Uganda Limited has released its 2021 financials, registering double-digit growth across all its major business parameters. Customer deposits grew by 13% from UGX449 billion in 2020 to UGX507.2 billion while lending grew by 35.9% from UGX334.7 billion to UGX454.9 billion- a growth of UGX120.2 billion! Increased lending pushed a 20.9% growth in total income- from UGX119.5 billion to UGX144.5 billion, hence a healthy 21.5% growth in net profit- from UGX10.1 billion to UGX12.2 billion. Shareholder Funds also grew by 15.5% from UGX101.4 billion to UGX117.1 billion. In this interview, Julius Kakeeto, Chief Executive Officer/ Managing Director speaks about the Bank’s performance and the future as a fully-fledged tier-one commercial bank.
Julius Kakeeto Managing Director / CEO PostBank Uganda Limited
PostBank is now a fully-fledged commercial bank, and the year has not been easy for the sector. What are the highlights for the year 2021?
2021 was a tough year owing to the COVID-19 pandemic. Many customers were still suffering from the effects of the 2020 lockdown and then they had to deal with another lockdown in 2021. At PostBank, we focused on supporting the adversely affected businesses t
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