Union Trust Bank

Union Trust Bank
Company type	Private
Founded	1995
Headquarters	2 Howe Street; Freetown, Sierra Leone
Key people	Ajaratu M. Mahdi; Chairperson; James Sanpha Koroma; Chief Executive Officer
Products	Savings, Checking, Investments
Revenue	Aftertax: SLL: 1.466 billion (US$197,000) (2015)
Total assets	SLL:361.82 billion (US$48.6 million) (2015)
Number of employees	280 (2015)
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]

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^[update], 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^[update], 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

References

^ ^a ^b ^c ^d Union Trust Bank (31 March 2016). "Union Trust Bank Annual Report for the Year Ending 31 December 2015" (PDF). Freetown. Retrieved 2 May 2017.
^ 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.
^ ^a ^b Union Trust Bank (2 May 2017). "Introduction to Union Trust Bank Limited (UTB)". Freetown. Retrieved 3 May 2017.
^ 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.
^ Union Trust Bank (2 May 2017). "Branches of Union Trust Bank". Freetown. Retrieved 2 May 2017.
^ Samba, Augustine (15 November 2010). "In Sierra Leone, UTB Opens Njala Branch & Launches students and graduates account". Awareness Times. Freetown. Retrieved 2 May 2017.
^ Abu Bakarr Kargbo (18 February 2005). "Sierra Leone: Union Trust Bank Limited Open's Koidu Branch". Standard Times (Freetown). Retrieved 2 May 2017.
^ Bampia J Bundu (15 September 2008). "Union Trust Bank Opens Branch in New England Freetown, Sierra Leone". Awareness Times. Freetown. Retrieved 2 May 2017.
^ Pratt, Regina (5 November 2013). "Sierra Leone: UTB Records Another Milestone". Concord Times (Freetown) via AllAfrica.com. Freetown. Retrieved 2 May 2017.

External links

[Data-1] 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.

[Intro-3] 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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