- Head Office: +266 2231 7842
Toll Free Number: 80099920
WhatsApp Number: +26662579119
Lesotho PostBank was set up with total of share capital of M37 million. There was an initial capital of M20 million. However, it was later found to be inadequate and an additional M17 million was injected into the Bank. It began in 2005 as a book-based savings institution, before transitioning to basic retail banking in 2009-2013 whereby personal loans and debit cards were introduced. During the 2005-2013 period, the Bank incurred recurring losses that cumulatively added up to M103,4 million.
The Bank underwent significant transformation and turnaround from 2014 to the present date. There was introduction of diverse products and a restructuring of governance structures and the approach to risk and compliance management. The Bank also underwent digitization and introduced internet banking, mobile banking, and mobile money services. From 2014 to date, the Bank has achieved accumulated profits of M424 million.
LPB is a Retail Banking Institution with a mandate to serve mainly unbanked and under-banked economically active urban and rural population who do not have access to financial services in sustainable manner.
ision: To be a financially viable retail bank, committed to improving the life quality of Basotho and to exceed stakeholders’ and customers’ expectations.
ission: The Basotho bank intending to transform the living standard of our nation through customer centric financial services and innovations that result in economic growth.