Pride Microfinance changed into Pride Bank Limited after earning its Credit Institution License last November. Leaders announced this shift at Kampala Serena Hotel on Tuesday. The company grew from a small loan provider into a Tier II banking business over thirty years.
Executive Director Edward Nkangi said the bank will offer better savings products, more loans, and digital banking for customers. The bank promises to help more people access financial services through 47 branches across Uganda. Board Chair Fred Jachan Omach called the change a day to celebrate Pride Bank's new banking status. Uganda Bankers Association praised Pride Bank for targeting average businesses needing smaller loans of under 200 million.
Bank of Uganda Deputy Director Mackay Aomu explained how financial rules have evolved since 1993 to help organizations like Pride grow. He noted the bank has strong money reserves for future expansion. The company serves everyday Ugandans with basic banking needs rather than focusing on billion-dollar deals. Pride Bank aims to become the first choice for regular people seeking financial help throughout the country.
Executive Director Edward Nkangi said the bank will offer better savings products, more loans, and digital banking for customers. The bank promises to help more people access financial services through 47 branches across Uganda. Board Chair Fred Jachan Omach called the change a day to celebrate Pride Bank's new banking status. Uganda Bankers Association praised Pride Bank for targeting average businesses needing smaller loans of under 200 million.
Bank of Uganda Deputy Director Mackay Aomu explained how financial rules have evolved since 1993 to help organizations like Pride grow. He noted the bank has strong money reserves for future expansion. The company serves everyday Ugandans with basic banking needs rather than focusing on billion-dollar deals. Pride Bank aims to become the first choice for regular people seeking financial help throughout the country.
