UBA Sierra Leone commences Banking Operations

July 23 2008

United Bank for Africa (Sierra Leone) Limited on Tuesday July 22, 2008 commenced banking operations in Freetown, Sierra Leone at the bank’s first branch and Head Office located at 15 Charlotte Street, Freetown.

UBA Sierra Leone is now set to provide the full range of corporate and consumer banking services followed the official presentation of the banking operating licence by the apex regulatory institution, the Bank of Sierra Leone.

Receiving the licence, the Managing Director/CEO of UBA Sierra Leone, Mr Abdulrahman Yinusa urged Sierra Leoneans to embrace UBA and view the bank as a partner in the development and economic growth of the country. “As Africa’s global Bank, we are committed to bringing comprehensive world-class financial services to all the markets in which we operate and make positive contributions to their respective economies at large,” he remarked.

In addition to introducing innovative products and services to the market, he said UBA Sierra Leone is determined to change the way people bank in Sierra Leone, asserting that the bank will make banking accessible for all and provide banking solutions that suit the needs of the customer. According to Yinusa, UBA Sierra Leone will leverage technology to continuously improve on service quality and product delivery in a cost effective manner.

UBA Sierra Leone brings to Seven the number of African countries where UBA Group currently has presence [i.e. Nigeria, Ghana, Uganda, Cameroon, Cote d’Ivoire, Liberia, Sierra Leone]. The group’s increasing network in Africa now spans countries in West, Central and East Africa, in addition to international presence in London, New York and the Cayman Islands.

UBA Plc is the largest banking group in West Africa with total assets in excess of US$15bn and more than 6 million customers across the region. It is a full service financial services institution, offering retail banking, corporate and investment banking, private equity, asset management, stock broking and custodian services.

As a recognized leader within the financial services industry, the bank is a key driving force of the region’s economic development. The group has embarked on an ambitious transformation program driven by its vision to create Africa’s global bank.

For further information please contact:
Manja Kargbo-Abdulai
UBA (SL) Limited
Mobile: +232-76981560 or +234-8073020771
www.ubagroup.com