PostBank on Tuesday announced its financial results reporting a 19% increase in net profit for the year ended December 31st, 2022. The state-owned bank reported that net profit reached UGX 15.1 billion, up from the UGX 12.2 billion reported in 2021. PostBank’s total assets grew significantly, by 21.3% from UGX 745 billion in 2021 to UGX 946. 6 billion in 2022, which is almost 1 trillion. The bank’s total income also increased from UGX 144.5 billion in 2021 to UGX 159.2 billion in 2022. Andrew Otengo Owiny, the Board Chairman of PostBank, expressed his satisfaction with the bank’s performance, noting…
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