Union Trust Bank

Last updated
Union Trust Bank
Company typePrivate
Founded1995
Headquarters2 Howe Street
Freetown, Sierra Leone
Key people
Ajaratu M. Mahdi
Chairperson
James Sanpha Koroma
Chief Executive Officer
Products Savings, Checking, Investments
RevenueIncrease2.svgAftertax: SLL: 1.466 billion (US$197,000) (2015) [1]
Total assets SLL:361.82 billion (US$48.6 million) (2015) [1]
Number of employees
280 (2015) [1]
Website Homepage

Union Trust Bank (UTB), whose full name is Union Trust Bank Limited, is a commercial bank in Sierra Leone. It is licensed as a "commercial bank" by the Bank of Sierra Leone, the central bank and national banking regulator. [2]

Contents

Overview

The bank, according to its website, is the only privately owned indigenous commercial bank in the country, as of May 2017. [3] As of December 2015, the bank's total assets were valued at SLL:361.817 billion (approximately US$48.6 million), with shareholders' equity of SLL: 58.162 billion (approximately US$7.811 million). [1]

History

UTB was founded in 1995 by Sierra Leonean individuals and corporations and was registered as a limited liability company. It began offering banking services following the issuance of a commercial banking license by the Bank of Sierra Leone. [3] On 17 March 2017, the bank celebrated the opening of its headquarters building, on Howe Street, in Freetown, performed by Ernest Bai Koroma the president of Sierra Leone. [4]

Branch Network

As of May 2017, UTB maintains branches at the following locations: [5]

(1) Main Branch - Lightfoot-Boston Street, Freetown (2) Njala University Branch - Njala University, Mokonde Campus, Moyamba District [6] (3) Kenema Branch - 19 Hangha Road, Kenema, Eastern Province (4) Bo Branch - 7 Bojon Street, Bo, Southern Province (5) Kono Branch - 5 Old Yengema Road, Koidu, Kono District [7] (6) Kambia Branch - Sierra Leone-Guinea Highway, Kambia (7) Lumley Branch - Lumley Road, Freetown (8) Kissy Branch - 49 Baibureh Road, Kissy, Freetown (9) Magburaka Branch - Kono Makeni Highway, Magburaka (10) Liverpool Street Branch - Liverpool Street, Freetown (11) Brookfields Branch - Main Motor Road, Freetown (12) New England Ville Branch - Jomo Kenyatta Road, Freetown [8] (13) Lunsar Branch - Lunsar [9] (14) Yoni Branch - Mile 91, Freetown Bo Highway

See also

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References

  1. 1 2 3 4 Union Trust Bank (31 March 2016). "Union Trust Bank Annual Report for the Year Ending 31 December 2015" (PDF). Freetown. Retrieved 2 May 2017.
  2. ↑ Bank of Sierra Leone (2 May 2017). "List of Licensed Commercial Banks in Sierra Leone" (PDF). Freetown: Bank of Sierra Leone . Retrieved 2 May 2017.
  3. 1 2 Union Trust Bank (2 May 2017). "Introduction to Union Trust Bank Limited (UTB)". Freetown. Retrieved 3 May 2017.
  4. ↑ State House Communications Unit (21 March 2017). "Sierra Leone News : "UTB Is an Indigenous Business Sierra Leoneans Should Be Proud of" – Says President Koroma". Awareness Times. Freetown. Retrieved 2 May 2017.
  5. ↑ Union Trust Bank (2 May 2017). "Branches of Union Trust Bank". Freetown. Retrieved 2 May 2017.
  6. ↑ Samba, Augustine (15 November 2010). "In Sierra Leone, UTB Opens Njala Branch & Launches students and graduates account". Awareness Times. Freetown. Retrieved 2 May 2017.
  7. ↑ Abu Bakarr Kargbo (18 February 2005). "Sierra Leone: Union Trust Bank Limited Open's Koidu Branch". Standard Times (Freetown). Retrieved 2 May 2017.
  8. ↑ Bampia J Bundu (15 September 2008). "Union Trust Bank Opens Branch in New England Freetown, Sierra Leone". Awareness Times. Freetown. Retrieved 2 May 2017.
  9. ↑ Pratt, Regina (5 November 2013). "Sierra Leone: UTB Records Another Milestone". Concord Times (Freetown) via AllAfrica.com . Freetown. Retrieved 2 May 2017.
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