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 institution is already larger than nearly half of all tier-one commercial banks in the country. This unprecedented growth, in what has been the toughest year in Uganda’s recent banking history, was majorly driven by a 25% increase in lending- from UGX 267.1 billion to UGX335 billion-…
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