PostBank Uganda

PostBank Uganda, a socially oriented financial institution, aims to empower its customers in a sustainable manner.

About PostBank

The only government bank in Uganda, PostBank was incorporated in 1998. The bank started out offering only basic savings products, but has since grown to offer other services, including credit facilities, money transfers, bill collection and financial literacy programs. PostBank now operates 31 branches, with three mobile banking vehicles that take services to the unbanked in remote areas — an innovation PostBank introduced to Uganda in 2007. The bank also employs point of sale terminals in savings and credit associations throughout the country to increase its service delivery to the rural unbanked, who are mostly women. PostBank is supervised by the Bank of Uganda under the Financial Institutions Act.

The Program

PostBank has over 260,000 clients and is attracting a growing number of women. The bank offers low-cost pricing for its products and recently introduced mentoring programs for its women customers. PostBank is the bank of choice for the Bulambuli Women Association, a group that has given PostBank more than 300 customers and is rated among the bank’s top 20 best performers.

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POSTBANK AT A GLANCE

PostBank was founded in 1998.

The institution operates 31 branches and three mobile banking units throughout Uganda.

The bank has over 260,000 clients.

PostBank is the bank of choice for the Bulambuli Women Association, and the group is rated among the bank’s top 20 best performers.

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The Opportunity - Uganda

  • 25%

    of early-stage entrepreneurial activity in Uganda came from women in 2013, GEM found.
  • 52%

    of Ugandan women got a loan in 2012, according to the World Bank.
  • 9%

    of all loans to women in Uganda in 2012 came from formal financial institutions, Findex data showed.
  • 76%

    of Ugandan women over age 15 were employed in 2012, according to the ILO.