Pearl Bank profit jumps to sh47.3b
Total income rose to about sh298b from sh248.1b, driven largely by interest income on loans and advances, which climbed to sh172.4b. Earnings from government securities also held firm, giving the bank a steady cushion.
Pearl Bank (formerly PostBank) has posted net profit of sh47.3b for the twelve months ending December 2025. (Credit: Pearl Bank)
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Pearl Bank (formerly PostBank) has posted net profit of sh47.3b for the twelve months ending December 2025, compared to sh35.4b recorded in the corresponding period in 2024.
Total income rose to about sh298b from sh248.1b, driven largely by interest income on loans and advances, which climbed to sh172.4b. Earnings from government securities also held firm, giving the bank a steady cushion.
“2025 was an instrumental year in the bank’s journey as it ushered in a new chapter following its rebrand from PostBank Uganda. The rebrand, which is a strategic move aimed at scaling the bank’s impact towards Uganda’s economic growth, including tapping into opportunities across the region,” Julius Kakeeto, chief executive at Pearl Bank, said.
Total expenditure for the period increased to about sh247.2b from sh208.5b, with operating expenses and interest costs on deposits taking the biggest share. Even so, profit before tax still rose to sh50.8b, showing the bank managed to keep growth ahead of rising costs.
“The bank delivered profitability while spearheading several government initiatives that included reaching out to households through the Parish Development Model, taking the lead on the Large-Scale Farmers lending programme, availing MSMES with credit and enabling over 1 million Ugandans access credit via the mobile phone,” Kakeeto said.
“The bank maintains a nationwide presence with branches, agency banking networks, and digital channels through which it extends affordable and sustainable financial solutions, as well as promoting a savings culture via the Wendi Mobile wallet and other touchpoints, that usher Ugandans into the money economy.”
Deposits grew sharply to sh1.42 trillion from about sh990.3b, a strong jump that suggests more customers are parking cash with the bank. Total assets stood at sh1.88 trillion, up from sh1.43 trillion the previous year.
Non-performing loans eased to about sh37.9b from sh40.6b, a modest decline that points to better loan recovery or restructuring efforts. Provisions for bad loans, however, dropped to sh8.1b from sh12.6b, which may signal either improved credit quality or a more cautious provisioning stance.