Pearl Bank posts Shs47b profit in first results since rebrand
Pearl Bank Uganda has reported strong financial results for the year ended December 31, 2025, posting a net profit of Shs47.3 billion in its first performance release since rebranding from PostBank Uganda. The results signal a solid start under the bank’s new identity, following shareholder approval of the name change in June 2025 and regulatory […] The post Pearl Bank posts Shs47b profit in first results since rebrand appeared first on Daily Star.
Black News 
Pearl Bank Uganda has reported strong financial results for the year ended December 31, 2025, posting a net profit of Shs47.3 billion in its first performance release since rebranding from PostBank Uganda.
The results signal a solid start under the bank’s new identity, following shareholder approval of the name change in June 2025 and regulatory clearance from the Bank of Uganda in November.
The bank’s profit after tax rose from Shs35.4 billion in 2024, representing a 34 per cent increase, driven by growth in interest income, improved asset utilisation and cost discipline.
Customer deposits surged to Shs1.42 trillion, up from Shs990 billion the previous year, reflecting growing confidence in the bank’s stability and service offering. The increase strengthens the bank’s capacity to extend credit to key sectors of the economy.
A notable driver of growth was the performance of the bank’s digital platform, Wendi, whose wallet deposits rose sharply to Shs240.5 billion from Shs45.5 billion in 2024.
Total income grew to Shs298 billion, supported by strong returns from loans, investment securities and non funded income streams. The bank also maintained a strong capital position, with a capital adequacy ratio of 24.87 per cent, well above regulatory requirements.
Managing director Julius Kakeeto said the performance reflects the bank’s strategy to position itself as a national, impact driven financial institution aligned with Uganda’s development agenda.
“The growth in customer deposits is a clear vote of confidence, while the rapid adoption of Wendi demonstrates the role of digital platforms in expanding access to financial services,” Kakeeto said.
He added that the bank is focused on promoting financial inclusion and supporting entrepreneurship through tailored financial solutions.
Financial statements show that total assets grew by 31 per cent to Shs1.87 trillion, supported by prudent risk management and strategic asset allocation. The loan book also expanded to Shs749 billion, underscoring the bank’s continued lending despite a challenging environment marked by rising interest rates.
The bank contributed Shs32 billion in taxes during the year.
Board chairman Andrew Otengo Owiny described the rebrand as a defining milestone in the bank’s transformation, noting that it has repositioned the institution as a modern, development oriented commercial bank.
“The rebranding exercise is nearing completion and has already begun to yield benefits. It reflects the shareholders’ vision and confidence in the bank’s long term strategy,” Owiny said.
Finance minister Matia Kasaija welcomed the results, linking the bank’s performance to broader economic growth, but urged it to increase lending to productive sectors.
“Credit is the fuel that will drive the next phase of Uganda’s economic transformation,” Kasaija said.
State minister for finance Evelyn Anite said the bank’s performance demonstrates the potential of homegrown financial institutions and challenged it to expand its footprint.
“It is encouraging to see a fully Ugandan bank delivering results at this level. Pearl Bank should leverage its position to compete more aggressively both locally and regionally,” Anite said.
Pearl Bank said it is well positioned to sustain its growth, citing a strong balance sheet, expanding customer base and a fast growing digital ecosystem.
With profitability rising, deposits expanding and digital adoption accelerating, the bank enters the next phase of its growth with increased confidence in its ability to deliver value to customers, shareholders and the wider economy.
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