Pearl Bank Uganda has reported a strong financial performance in its first annual results since rebranding, posting a net profit after tax of Shs47.3 billion for the year ended December 31, 2025.
The result represents a 34 percent increase from Shs35.4 billion recorded in 2024, marking a solid start under its new identity following the transition from PostBank Uganda.
The performance reflects rising customer confidence, expansion of digital services, and continued alignment with national development priorities.
The bank’s total assets grew by 31 percent to Shs1.87 trillion, while customer deposits rose sharply by 43 percent to Shs1.42 trillion, strengthening its lending capacity.
Its loan portfolio expanded to Shs749 billion, supported by growth in both interest income and non-funded revenue streams, with total income reaching Shs 298 billion.
A key driver of the results was the rapid uptake of the bank’s digital platform, Wendi, whose deposits increased more than fivefold to Shs240.5 billion.
The platform has expanded financial access nationwide, supported by more than 10,000 agents operating across parishes and sub-counties, and over 15,000 SACCOs onboarded to the system in support of grassroots financial inclusion initiatives such as the Parish Development Model.
Managing Director Julius Kakeeto said the performance reflects successful execution of the bank’s strategy to build a national, impact-driven financial institution.
He said the growth in deposits demonstrates public trust, while the uptake of digital services shows how technology is reshaping access to financial solutions.
“We remain focused on staying relevant to the everyday lives of Ugandans while delivering sustainable growth,” he said.
Board Chairman Andrew Otengo Owiny described the rebranding as a turning point in the institution’s transformation, saying it has positioned Pearl Bank as a modern commercial bank aligned with Uganda’s development agenda.
Government officials welcomed the results. Finance Minister Matia Kasaija said the performance mirrors broader economic growth and urged the bank to increase lending to productive sectors of the economy.
State Minister for Finance Evelyn Anite highlighted the significance of Pearl Bank as a fully Ugandan institution, encouraging it to expand its competitiveness beyond the domestic market.
Beyond profitability, the bank reported increased lending to key sectors. It disbursed Shs340 billion to agriculture, benefiting more than 11,000 farmers, while Shs398 billion went to micro, small and medium enterprises, supporting nearly 18,000 businesses.
More than 7,000 micro enterprises also accessed financing aimed at strengthening grassroots economic activity.
Pearl Bank also became the first commercial bank in Uganda to attain Level 3 Sustainability Certification from the European Organisation for Sustainable Development, underscoring its focus on responsible banking practices.
With rising assets, expanding digital uptake and a growing customer base, the bank says it is positioned to sustain its growth trajectory while deepening financial inclusion and expanding lending to key sectors of the economy.
