Pearl Bank


Pearl Bank Uganda Limited is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank was formerly known as PostBank Uganda.
The institution received her tier-1 banking license in December 2021. Before that, Pearl Bank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.
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Overview

, Pearl Bank Uganda had total assets worth UGX:1.427 trillion, with shareholders' equity of UGX:165 billion. In December 2023, customer deposits totaled UGX:790 billion, and its loan book stood at UGX:603 billion.

History

Pearl Bank Uganda has been in existence since 1926. It started out as a department in the Post Office. 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.
Pearl Bank 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. Before December 2021, it was classified as a Tier II Institution, by the Bank of Uganda. That month, it received a Tier I banking license from BOU.
In June 2025, the bank officially announced its rebrand to Pearl Bank Uganda Limited, pending final regulatory approval from the Bank of Uganda. In November 2025, Pearl Bank came out officially to the public.
The name “Pearl Bank” is inspired by Uganda’s global identity as the “Pearl of Africa.” It reflects the bank’s deep national roots, modern outlook, and purpose-driven ambition to foster prosperity for all Ugandans.

Ownership

Pearl Bank Uganda is wholly owned by the Government of Uganda.

Branch network

As of February 2021, Pearl Bank Uganda maintained a branch network of 33 fixed branches and 17 mobile banking units, totaling 50 branches.

Fixed branches

  1. Arua Branch - Arua
  2. Bombo Branch - Bombo
  3. Bugolobi Branch - Bugoloobi, Kampala
  4. Bulenga Branch - Bulenga
  5. City Branch - Nkrumah Road, Kampala
  6. Entebbe Branch - Entebbe
  7. Fort Portal Branch - Fort Portal
  8. Gulu Branch - Gulu
  9. Hoima Branch - Hoima
  10. Iganga Branch - Iganga
  11. Jinja Branch - Jinja
  12. Kabale Branch - Kabale
  13. Kakiri Branch - Kakiri
  14. Kampala Road Branch - Kampala Road, Kampala
  15. Kamwenge Branch - Kamwenge
  16. Kanungu Branch - Kanungu
  17. Kasese Branch - Kasese
  18. Kayunga Branch - Kayunga
  19. Kitgum Branch - Kitgum
  20. Lacor Branch - Lacor Hospital, Gulu
  21. Lira Branch - Lira
  22. Masaka Branch - Masaka
  23. Mbale Branch - Mbale
  24. Mbarara Branch - Mbarara
  25. Mubende Branch - Mubende
  26. Mukono Branch - Mukono
  27. Nakasongola Branch - Nakasongola
  28. Ndeeba Branch - Ndeeba, Kampala
  29. Ntungamo Branch - Ntungamo
  30. Soroti Branch - Soroti
  31. Wandegeya Branch - Wandegeya, Kampala
  32. William Street - Kampala.
  33. Anaka Branch - Nwoya

Mobile branches

The mobile branches are located in the following towns and districts:
  1. Budaka - Budaka District
  2. Bududa - Bududa District
  3. Bukedea - Bukedea District
  4. Butaleja - Butaleja District
  5. Fort Portal - Kabarole District
  6. Kamwenge - Kamwenge District
  7. Kapchorwa - Kapchorwa District
  8. Kibaale - Kibaale District
  9. Kyegegwa - Kyegegwa District
  10. Kyenjojo - Kyenjojo District
  11. Manafwa - Manafwa District
  12. Pallisa - Pallisa District
  13. Sironko - Sironko District
  14. Tororo - Tororo District

Governance

The activities of PostBank Uganda are directed by its board of directors., the chairperson of the board was Andrew Otenga Owiny. The day-to-day activities of the bank are supervised by a team of ten bank managers, headed by the managing director. As of November 2019, the managing director and chief executive officer is Julius Kakeeto.

Rebrand

In June 2025, the shareholders of the bank, approved the name change from PostBank Uganda to Pearl Bank Uganda. The rebrand required approval from the Bank of Uganda.