| Union Trust Bank | |
| Type: | Private |
| Foundation: | 1995 |
| Num Employees: | 280 (2015) |
| Revenue: | Aftertax: SLL: 1.466 billion (US$197,000) (2015) |
| Assets: | SLL:361.82 billion (US$48.6 million) (2015)[1] |
| Homepage: | 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]
The bank, according to its website, is the only privately owned indigenous commercial bank in the country, as of May 2017.[3], 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]
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]
, 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