Union Trust Bank (UTB), whose full name is Union Trust Bank Limited, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Sierra Leone Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the northern half of the nation. Covering a total area of , Sierra ...

. It is licensed as a "commercial bank" by the

Bank of Sierra Leone The Bank of Sierra Leone is the central bank of Sierra Leone. It issues the country's currency, known as the Sierra Leonean leone, Leone. The bank formulates and implements monetary policy, including foreign exchange. Organisation and activit ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator.

Overview

The bank, according to its website, is the only privately owned indigenous commercial bank in the country, as of May 2017. , 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).

History

UTB was founded in 1995 by

an 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. On 17 March 2017, the bank celebrated the opening of its headquarters building, on Howe Street, in Freetown, performed by

Ernest Bai Koroma Ernest Bai Koroma (born 2 October 1953) is a Sierra Leone, Sierra Leonean politician who served as the fourth President of Sierra Leone from 17 September 2007 to 4 April 2018. Born and raised in Makeni in northern Sierra Leone, Koroma spent mo ...

the president of Sierra Leone.

Branch Network

, UTB maintains branches at the following locations: (1) Main Branch - Lightfoot-Boston Street,

Freetown Freetown is the capital and largest city of Sierra Leone. It is a major port city on the Atlantic Ocean and is located in the Western Area of the country. Freetown is Sierra Leone's major urban, economic, financial, cultural, educational and p ...

(2) Njala University Branch -

Njala University Njala University (NU) is a public university located in Njala and Bo, Sierra Leone. It is the second largest university in Sierra Leone (after the Fourah Bay College) and is also part of the University of Sierra Leone. The largest and main camp ...

, Mokonde Campus,

Moyamba District Moyamba District is a district in the Southern Province of Sierra Leone, with a population of 318,064 in the 2015 census. Its capital and largest city is Moyamba. The other major towns include Njala, Rotifunk and Shenge. The district is the la ...

(3) Kenema Branch - 19 Hangha Road,

Kenema Kenema is the third largest city in Sierra Leone (after Freetown and Bo, Sierra Leone, Bo), and the largest city in the country's Eastern Province, Sierra Leone, Eastern Province. It is the capital of Kenema District and a major economic center of ...

, Eastern Province (4) Bo Branch - 7 Bojon Street, Bo, Southern Province (5) Kono Branch - 5 Old Yengema Road,

Koidu Koidu Town (or Sefadu) is the capital and largest city of the diamond-rich Kono District in the Eastern Province of Sierra Leone. The population of Koidu Town is 124,6based on the 2015 Sierra Leone national census. Koidu Town is the fifth larg ...

Kono District Kono District is a district in the Eastern Province of Sierra Leone. Its capital and largest city is Koidu, Koidu Town. Motema is the second most populous city in the district. The other major towns in the district include Yengema, Tombodu, J ...

(6) Kambia Branch - Sierra Leone-Guinea Highway, Kambia (7) Lumley Branch - Lumley Road,

(8) Kissy Branch - 49 Baibureh Road, Kissy,

(9) Magburaka Branch - Kono Makeni Highway,

Magburaka Magburaka is the Capital (political), capital and largest city of Tonkolili District in the Northern Province, Sierra Leone, Northern Province of Sierra Leone. Its population was 16,313 in the 2004 census. and a current estimate of 40,313. It is ...

(10) Liverpool Street Branch - Liverpool Street,

(11) Brookfields Branch - Main Motor Road,

(12) New England Ville Branch - Jomo Kenyatta Road,

(13) Lunsar Branch -

Lunsar Lunsar is a town in Marampa Chiefdom, Port Loko District in the Northern Province of Sierra Leone. It is the largest town in Port Loko District by population. The Britannica estimate of the population of Lunsar is 36,1 The town is one of the main ...

(14) Yoni Branch - Mile 91, Freetown Bo Highway

References

External links

Website of Union Trust Bank

Website of Bank of Sierra Leone

{{DEFAULTSORT:Union Trust Bank Banks of Sierra Leone Banks established in 1995 1995 establishments in Sierra Leone Companies based in Freetown

Overview

History

Branch Network

See also

References

External links