Matia Kasaija (2nd R), Minister of Finance, Planning, and Economic Development, Evelyn Anite (2nd L), State Minister of Finance for Investment and Privatization, Andrew Otengo Owiny (R), PostBank Uganda Board Chairman, and Julius Kakeeto (L), PostBank Uganda Managing Director during the bank’s 2024 Annual General Meeting (AGM) today 5th June 2025 at the Ministry of Finance, Planning and Economic Development (MoFPED) offices in Kampala
HABARI DAILY I Kampala, Uganda I Following PostBank’s transformation and strong progress over the last five years, the shareholders have approved it’s strategy to change its name and rebrand to Pearl Bank Uganda.
PostBank Uganda is wholly owned by the Government of Uganda, which holds 100% of the bank’s shares. It operates under the regulatory oversight of the Bank of Uganda.
According to the managers, this move will help the bank reposition itself better and attract stronger banking partners as well as high-value depositors that can continue scaling lending to MSMEs and Agriculture.
During its annual general meeting (AGM), Matia Kasaija, the Minister of Finance, Planning, and Economic Development, said, “Therefore, I stand here to announce that we shareholders of PostBank have approved the rebrand of the Bank to a name that evokes a sense of pride in all of us, in being Ugandan.”
He said the new name is known world over as a symbol of purity, wisdom, wealth, status, and prosperity.
“Taken from Sir. Winston Churchill’s portrayal of Uganda as ‘The Pearl of Africa’ for its natural beauty, abundant wildlife, and cultural diversity, PostBank will rebrand to become Pearl Bank Uganda Limited, which is subject to Bank of Uganda approvals.”
Kasaija hailed PostBank’s continued success as they begin this transition period of the rebrand.
“I invite all the Bank’s customers and Ugandans at large to be part of this journey that will strengthen the Bank’s ability to foster prosperity for Ugandans through driving sustainable financial inclusion and supporting governments ATMS strategy especially in Agriculture Value addition.”
Julius Kakeeto, PostBank Uganda Managing Director noted that rebranding is part of the wider strategy to grow PostBank into a leading indigenous commercial bank.
“Four years ago, the emphasis was on strengthening governance and risk management, deploying the right technology, improving service, and becoming profitable,” he noted.
He added that last year, the bank’s strategy evolved into delivering economic and social impact sustainably, as evidenced by rolling out a new Purpose of “Fostering Prosperity,” which is implemented through the high-level goals of Driving Financial Inclusion and Stimulating Entrepreneurship and Services.
“As mentioned by the Minister Kasaija, rebranding enables the bank to attract strategic partners and high-value deposit customers,” he said, adding that the move will enable the bank to continue supporting MSMEs and the agriculture value chain, in the process growing productivity and incomes of Ugandans,” added Kakeeto.
PostBank announced a Profit After Tax (PAT) of sh35.4 billion in the year 2024.
