PostBank Uganda
Encyclopedia
PostBank Uganda is a non-bank credit institution in Uganda
. As of May 2010, PostBank Uganda was a small credit institution whose asset base was estimated at about US$39 million.
. In February 1998 PostBank Uganda Limited was incorporated in accordance with the Communications Act of 1997 to take over the operations of the former Post Office Savings department.
PostBank Uganda was incorporated under the Companies Act in February 1998 as a limited liability company. The bank's operations are supervised by the Bank of Uganda
under the Financial Institutions Act. It is classified as a Tier II Institution (Non-Bank Credit Institution), by the Bank of Uganda
, the national banking regulator.
PostBank Uganda subscribes to the Depositors Insurance Scheme at Bank of Uganda
. In the event of failure of PostBank Uganda, the bank's depositors are insured up to Sh 3 million (approximately US$1,600.00), per eligible account. In 2009, PostBank Uganda applied to the Bank of Uganda
to become a fully licensed commercial bank
.
Fixed Branches
The mobile branches are located in the following towns and districts:
Mobile Branches
. The current Chairman of the Board is Eldard Kansiime.
Uganda
Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...
. As of May 2010, PostBank Uganda was a small credit institution whose asset base was estimated at about US$39 million.
History
PostBank Uganda has been in existence since 1926. It started out as a department in the Post OfficePost office
A post office is a facility forming part of a postal system for the posting, receipt, sorting, handling, transmission or delivery of mail.Post offices offer mail-related services such as post office boxes, postage and packaging supplies...
. In February 1998 PostBank Uganda Limited was incorporated in accordance with the Communications Act of 1997 to take over the operations of the former Post Office Savings department.
PostBank Uganda was incorporated under the Companies Act in February 1998 as a limited liability company. The bank's operations are supervised by the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
under the Financial Institutions Act. It is classified as a Tier II Institution (Non-Bank Credit Institution), by the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
, the national banking regulator.
PostBank Uganda subscribes to the Depositors Insurance Scheme at Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
. In the event of failure of PostBank Uganda, the bank's depositors are insured up to Sh 3 million (approximately US$1,600.00), per eligible account. In 2009, PostBank Uganda applied to the Bank of Uganda
Bank of Uganda
The Bank of Uganda is the Central Bank of the Republic of Uganda. Established in 1966, by Act of Parliament, BOU is 100% owned by the Government of Uganda, but is not a government department.-Organization and Governance:...
to become a fully licensed commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
.
Branch Network
As of May 2010, PostBank Uganda maintains a branch network of twenty-nine (31) fixed branches and thirteen (17) mobile banking units, totaling forty-seven (48) branches. The list of fixed branches includes:Fixed Branches
- Arua Branch - AruaAruaArua is a town in Arua District, Northern Uganda. An important local commercial centre, it is a base for a large refugee population from Southern Sudan and the Democratic Republic of the Congo and is an aid distribution centre for those nations.-Location:...
- Bombo Branch - BomboBombo, Uganda-Location:Bombo is located approximately , by road, north of Uganda's capital, Kampala. The coordinates of the town are:00 34 40N, 32 32 42E .-Municipalities in Luweero District:Bombo is a municipality in Luweero District...
- Bugoloobi Branch - Bugoloobi, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- City Branch - Nkrumah Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
Head Office - Entebbe Branch - EntebbeEntebbeEntebbe is a major town in Central Uganda. Located on a Lake Victoria peninsula, the town was at one time, the seat of government for the Protectorate of Uganda, prior to Independence in 1962...
- Fort Portal Branch - Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Gulu Branch - GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Hoima Branch - HoimaHoimaHoima is a town in Western Uganda. It is main municipal, administrative and commercial center of Hoima District in Uganda. It is also the location of the palace of the Omukama of Bunyoro.-Location:...
- Iganga Branch - IgangaIganga.Iganga is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Iganga District and the district headquarters are located there. The district is named after the town.-Location:...
- Jinja Branch - JinjaJinja, UgandaJinja is the largest town in Uganda, Africa. It is the second busiest commercial center in the country, after Kampala, Uganda's capital and only city. Jinja was established in 1907.-Location:...
- Kabale Branch - KabaleKabaleKabale is a city in Western Uganda. It is the 'chief town' of Kabale District and the district headquarters are located there. The district is named after the town.-Location:...
- Kakiri Branch - KakiriKakiri-Location:Kakiri is located approximately , by road, northwest of Kampala, Uganda's capital and largest city. The town is located on the highway between Kampala and Hoima. The coordinates of Kakiri are:00 25 12N, 32 23 24E ....
- Kampala Road Branch - Kampala Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Kamwenge Branch - KamwengeKamwengeKamwenge is a town in Western Uganda. It is the 'chief town' of Kamwenge District and the district headquarters are located there. The district is named after the town.-Location:...
- Kasese Branch - KaseseKaseseKasese is a town in Western Uganda, lying north of Lake George. It originally grew around the copper mine at Kilembe, while attention later turned to cobalt mining. It is the 'chief town' of Kasese District and the district headquarters are located there...
- Kayunga Branch - KayungaKayungaKayunga is a town in Central Uganda. It is the main municipal, administrative and commercial center of Kayunga District. The district is named after the town.-Location:...
- Kitgum Branch - KitgumKitgumKitgum is a municipality in Kitgum District, in Northern Uganda. The town is administered by Kitgum Town Council, an Urban Local Government within Kitgum District Administration...
- Lacor Branch - Lacor Hospital, GuluGuluGulu is a city in Northern Uganda. It is the commercial and administrative centre of Gulu District. The city is located at 2˚46'48N 32˚18'00E, on the metre gauge railway from Tororo to Pakwach. Gulu is located approximately , by road, north of Kampala, Uganda's capital and largest city...
- Lira Branch - LiraLira, UgandaLira is a city in Northern Uganda. It is the main municipal, administrative and commercial centre of Lira District. Lira was the main metropolitan center of the now defunct Lango District ....
- Masaka Branch - MasakaMasakaMasaka is a town in Central Uganda, lying west of Lake Victoria. It is the chief town of Masaka District. Besides being the headquarters of Masaka District, the town is the regional headquarters and largest metropolitan area in Lyantonde District, Sembabule District, Lwengo District, Bukomansimbi...
- Mbale Branch - MbaleMbaleMbale is a city in Eastern Uganda. It is the main municiplal, administrative and commercial center of Mbale District and the surrounding sub-region. The district is named after the town.-Location:...
- Mbarara Branch - MbararaMbararaMbarara is a town in Western Uganda. It is the main municipal, administrative and commercial center of Mbarara District and the location of the district headquarters. It is also the largest urban centre in Western Uganda.-Location:...
- Mubende Branch - MubendeMubendeMubende is a town in Central Uganda. It is the main municipal, administrative and commercial center of Mubende District and is the location of the district headquarters. Mubende is the sister city of Tumwater, Washington, USA.-Location:...
- Nakasongola Branch - NakasongolaNakasongolaNakasongola is a town in Central Uganda. It is the location of the district headquarters for Nakasongola District. The district is named after the town.-Location:...
- Ndeeba Branch - NdeebaNdeeba-Location:Ndeeba is located on the southwestern edge of the city of Kampala. It is bordered by Mengo to the north, Katwe to the northeast, Kibuye to the east, Makindye and Najjanankumbi to the southeast, Kabowa to the south, Mutundwe to the west and Lubaga to the northwest...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - Nkrumah Road Branch - Nkrumah Road, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Ntungamo Branch - NtungamoNtungamoNtungamo is a town in Western Uganda. It is the largest town in Ntungamo District and the district headquarters are located there. The district is named after the town.-Location:...
- Soroti Branch - SorotiSorotiSoroti is the main municipal, commercial and administrative centre of Soroti District in Eastern Uganda, lying near Lake Kyoga. It is known for the rock formation near the town as well as a variety of Muslim mosques, Hindu temples, Sikh gurdwaras as well as several churches that meet in various...
- Wandegeya Branch - WandegeyaWandegeyaWandegeya is a neighborhood within the city of Kampala, Uganda's capital and largest metropolitan area.The name is derived from the weaver birds, , which used to inhabit the area prior to the 1990s.-Location:...
, KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen... - William Street Branch - William Street KampalaKampalaKampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...
- Koome Island Branch - Koome IslandKoome IslandKoome is an island in Lake Victoria, Uganda. The correct spelling that matches the phonetic pronunciation is with two "O"s.-Location:Koome Island is located in Mukono district, in northwestern Lake Victoria, in Central Uganda. It is one of the eighty-four islands in the Ssese Islands archipelago...
The mobile branches are located in the following towns and districts:
Mobile Branches
- BudakaBudaka townBudaka is a town in Eastern Uganda. It is the 'chief town' of Budaka District and the district headquarters are located there. The district is named after the town-Location:...
- Budaka DistrictBudaka DistrictBudaka District is a district in Eastern Uganda. It is named after Budaka, its 'chief town', where the district headquarters are located.-Location:... - BududaBududaBududa is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Bududa District. The district was named after the town.-Location:...
- Bududa DistrictBududa DistrictBududa District is a district in Eastern Uganda. Like most other Ugandan districts, it is named after its 'chief town', Bududa.-Location:Bududa District is bordered by Sironko District to the north, the Republic of Kenya to the east, Manafwa District to the south and Mbale District to the west... - BukedeaBukedeaBukedea is a town in Eastern Uganda. It is the chief municipal, administrative and commercial center of Bukedea District and the district headquarters are located there. The district is named after the town.-Location:...
- Bukedea DistrictBukedea DistrictBukedea District is a district in Eastern Uganda. It's named after its 'chief town', Bukedea, where the district headquarters are located.-Location:... - ButalejaButalejaButaleja is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Butaleja District and the district headquarters are located there. The district is named after the town.-Location:...
- Butaleja DistrictButaleja DistrictButaleja District is a district in Eastern Uganda. Its named after its 'chief town', Butaleja, where the district headquarters are located.-Location:... - Fort PortalFort PortalFort Portal is a town in Western Uganda. It is the seat of both Kabarole District and Toro Kingdom.-Location:Fort Portal is located approximately by road, west of Kampala, Uganda's capital and largest city, on an all-tarmac two-lane highway...
- Kabarole DistrictKabarole DistrictKabarole District is a district in Western Uganda. Kabarole District is part of the Kingdom of Toro, one of the traditional monarchies that are constitutionally recognised in modern-day Uganda. The kingdom is coterminus with Toro sub-region... - KamwengeKamwengeKamwenge is a town in Western Uganda. It is the 'chief town' of Kamwenge District and the district headquarters are located there. The district is named after the town.-Location:...
- Kamwenge DistrictKamwenge DistrictKamwenge District is a district in Western Uganda. Like most other Ugandan districts, it is named after its 'chief town', Kamwenge, where the district headquarters are located. Kamwenge District is part of the Kingdom of Toro, one of the ancient traditional monarchies in Uganda... - KapchorwaKapchorwaKapchorwa is a town in Eastern Uganda. It is the main municipal, commercial and administrative center of Kapchorwa District. The district is named after the town.-Location:...
- Kapchorwa DistrictKapchorwa DistrictKapchorwa District is a district in Eastern Uganda. It is named after Kapchorwa, the main municipal, administrative and commercial center of the district, where the district headquarters are located.-Location:... - KibaaleKibaaleKibaale is a town in Western Uganda. It is the main municipal, administrative and commercial center of Kibaale District, and the district headquarters are located there...
- Kibaale DistrictKibaale DistrictKibaale District, sometimes spelled as Kibale District, is a district in Western Uganda. Like most other Ugandan districts, it is named after its 'chief town', Kibaale, where the district headquarters are located.-Location:... - KyegegwaKyegegwaKyegegwa is a town in Western Uganda. It is the main municipal, administrative and commercial center of Kyegegwa District. The district is named after the town.-Location:...
- Kyegegwa DistrictKyegegwa DistrictKyegegwa District is a district in Western Uganda. It is named after its 'chief town', Kyegegwa, where the district headquarters are located.-Location:... - KyenjojoKyenjojoKyenjojo District is a district in Western Uganda. Like most Ugandan districts, it is named after its 'chief town', Kyenjojo, where the district headquarters are located.-Location:...
- Kyenjojo District - ManafwaManafwaManafwa is a town in Eastern Uganda. It is the largest town in Manafwa District and the district headquarters are located there. The district is named after the town.-Location:...
- Manafwa DistrictManafwa DistrictManafwa District is a district in the Eastern Uganda. Like most Ugandan districts, it is named after its 'chief town', Manafwa, where the district headquarters are located.-Location:... - PallisaPallisaPallisa is a town in Eastern Uganda. It is the 'chief town' of Pallisa District. The district is named after the town.-Location:Pallisa is located approximately , by road, west of Mbale, the largest city in the sub-region...
- Pallisa DistrictPallisa DistrictPallisa District is a district in Eastern Uganda. Like most other Ugandan districts, it is named after its chief town, Pallisa, where the district headquarters are located.-Location:... - SironkoSironkoSironko is a town in Eastern Uganda. It the largest metropolitan area in Sironko District and is the location of the district headquarters. The district is named after the town.-Location:...
- Sironko DistrictSironko DistrictSironko District is a district in Eastern Uganda. The district was created in 2000 and had previously been part of Mbale District. Like most Ugandan districts, it is named after its main commercial town, Sironko.-Location:... - TororoTororoTororo is a town in Eastern Uganda. It is the main municipal, administrative and commercial center of Tororo District. The district was named after the town.-Location:...
- Tororo DistrictTororo DistrictTororo District is a district in Eastern Uganda. Like most other Ugandan districts, it is named after its "chief town", Tororo.-Location:Tororo District is bordered by Mbale District to the north, Manafwa District to the northeast, the Republic of Kenya to the east, Busia District to the south,...
Board of directors
The activities of the PostBank Uganda are directed by the bank's Board of DirectorsBoard of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. The current Chairman of the Board is Eldard Kansiime.