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.[5]
The institution received her tier-1 banking license in December 2021.[6][7] Before that, Pearl Bank Uganda was classified as a non-bank credit institution, still under the supervision of the Bank of Uganda.[8]
Overview
As of December 2025[update], Pearl Bank Uganda had total assets worth UGX:UGX:1.875 trillion (US$504.9), with shareholders' equity of UGX: 239.8 billion (US$64.5 million). At that time, the bank's customer deposits totaled UGX:790 billion (approx. US$381 million) and its loan book stood at UGX:749 billion (approx. US$201.4 million).[3]
History
Pearl Bank Uganda has been in existence since 1926.[9] 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 (Non-Bank Credit Institution), by the Bank of Uganda (BOU). That month, it received a Tier I banking license from BOU.[8]
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.[10]
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.[5][18]
