PostBank gets new board chair

 Mr Julius Kakeeto, Postbank’s managing director speaking at the launch of new branch in Mukono

In a bid to serve its client sufficiently, PostBank Uganda has opened its newest branch in Mukono.

Speaking at the official launch of the branch on Wednesday, Mr Julius Kakeeto, the bank’s managing director; “I am extremely delighted to present to you the newest addition to the PostBank family, Mukono is a hub of economic activity and through this branch, we are now able to bring affordable and community banking services closer to the people of the greater Mukono area.”

Mr Kakeeto also unveiled the new Board Chairman, Andrew Otenga Owiny who he said joins the bank with a wealth of experience sitting and chairing boards of both local and international companies.

Mr Otenga has, over the years served on numerous other Boards of organizations across Africa. From aBi Finance Limited, G4S Secure Solutions (Uganda) Limited, CAL Merchant Bank Limited (now Cal Bank Limited) in Accra, Ghana; National Merchant Bank of Zimbabwe Limited (‘NMBZ’) in Harare, Zimbabwe, to Securities Discount Company Limited (‘SDC’) in Accra, Ghana.

He has also served on the board of the Uganda Securities Exchange (USE), National Social Security Fund (‘NSSF’), Uganda Stock Brokers Association (‘USBA’), Rugby Union to mention but a few. With his leadership, Postbank shall not only continue to transform the lives of Ugandans but shall stay true to its mission to offer affordable services in a sustainable manner for social-economic development of Ugandans nationwide.

Situated on the Kampala- Jinja Highway, Mukono district is a hub of economic activity, with 80 percent of activities being agribusiness.

The Director Non-Banking Financial Institutions (NBFI) at Bank of Uganda, Mr Ivan Amagaragariho commended PostBank for its efforts towards bringing financial services closer to the masses, and pledged the Central Bank’s support towards ensuring a more robust banking industry and stable economy.