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Pearl Bank (formerly PostBank Uganda), has launched a festive campaign dubbed “Pearl Santa”, an initiative to celebrate its customers across select branches countrywide with surprise visits from Pearl Santa, who will share the joy of the Christmas spirit. The festive holiday is always characterized with merry making and the spirit of coming together with friends and family as they gear up for the Christmas holidays. Priscilla Akora, the Head of Marketing and Communications at Pearl Bank said, “This festive season, we wanted to celebrate our customers in a way that is personal and meaningful. Inviting our very own Pearl Santa…
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Following their great performance in the subsequent games they have participated in, the Gazelles have received a Women’s Day boost from PostBank Uganda and Crown Beverages Limited (CBL), to celebrate…
As the famous saying goes, “A journey of 1,000 miles begins with one step,” well, the banking sector has had an interesting one, it has had to traverse miles to finally reach the digital banking era we are all enjoying with ease today. Imagine having to move with a passbook where your banking records are kept with the aid of a banking officer, well this would not be a scenario that a Gen Z would want to be part of as they prefer real-time activity thanks to the 21st Century technological advancements, because one can now open an online account…
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Two years, after being granted a tier one commercial banking license in December 2021, assets of the government-owned PostBank Uganda (PBU) in 2023 crossed the UGX1 trillion mark, reaching a record UGX1.071 trillion. Results released this week, show that total assets grew by 14% from UGX943 billion to reach UGX1.071 trillion, a growth of UGX128 billion. This, according to Julius Kakeeto, the bank’s Managing Director / CEO, was on the back of double-digit growth and “above-industry-average growth rates” in deposits, lending and subsequently income and net profits. Lending grew by 26% from UGX480 billion in 2022 to UGX603 billion, a…
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In one of his very first media interviews, Julius Kakeeto, the transformational PostBank Uganda (PBU) Chief Executive Officer, told CEO East Africa Magazine that his mid-term agenda was to transform the government-owned financial institution into a “tier 1 fully fledged digital commercial bank at the heart of the country’s economic growth”. Digitalisation, according to Kakeeto was the fastest and the most affordable and efficient way the bank could achieve its mission to offer affordable financial services that drive financial inclusion to many of Uganda’s unserved population, with a major focus on agriculture and Micro, Small and Medium-sized enterprises. “It is…
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The Uganda Bankers’ Association’s Chairperson, Citibank’s Sarah Arapta is female too- the first woman to. Some financial institutions such as Finance Trust Bank- have taken it further by having an all-female Board Chairperson, CEO and Executive Director while others like Stanbic Bank, Uganda’s largest Bank and have both CEO and Executive Director as female. You could argue this is still under-representation, which it actually is, given that there are more females than males in the population, but given where we have come from, this is good progress. Some of the largest banks such as Stanbic where 45% is female and…
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Priscilla Akora is the new Head Marketing and Communications at PostBank Uganda Limited. In her new role, she will be responsible for driving integrated marketing communications, as well as reputational strategy for PostBank. Prior to her appointment as the Head of Marketing and Communications, Priscilla worked as Marketing Manager, PostBank Uganda where she played a critical role in the refurbishment of the branch network to improve customer experiences and was part of the team that delivered the on its transformation journey which resulted in the acquisition of a Tier One license to operate as a fully-fledged commercial bank. Last year,…
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