Licensed by the central bank of Lesotho, the LPB was incorporated in 2004 and started its operations in 2005, offering savings and deposit taking services. In 2010 it diversified into lending and in 2012 introduced electronic transaction services. To date the PostBank has rolled out 14 branches and ATMs in Maseru, Maputsoe, Hlotse, Qacha,s nek, Quthing, Mafeteng and Thaba-Tseka with new once to be deployed soon. Since starting operations, LPB has attracted a substantial client base and has introduced additional products to address diverse needs of its customers. While retaining book-based savings account, it has also introduced debit cards for transacting business. Other products and services include, but are not limited to, the selling of airtime in ATMs and POSs and local and regional bank transfers. In addition to the introduction of new products, the Postbank now segments its customers into retail and business, and offers products that suit these distinct portfolios.
