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The Bank is engaged in policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion (AFI). [2] On 20 December 2012, the member institution announced specific commitments [ 3 ] toward AFI's Maya Declaration to move further toward the eradication of financial exclusion in Sierra Leone.
This is a list of commercial banks in Sierra Leone, as updated in October 2024 by the Bank of Sierra Leone. [1] List of commercial banks
The Civil War destroyed many of the branches of the country's commercial banks and as of 2005 there were 34 commercial bank branches, the majority in the major towns. [2] Procedures for obtaining loans have been assessed as very complicated and there is a relatively low ratio of private credit to GDP at just over 4 percent.
The bank is named after the Rokel River, the longest river in Sierra Leone. RCB serves members of the public, small and medium enterprises (SMEs), as well as large corporations. According to the bank's web site, it one of the three largest commercial banks in the country by assets. [2]
A look at Visalia's largest home builder and how BofA lost its crown in the Valley
The central bank of the country is the Bank of Sierra Leone which is in the capital, Freetown. The country operates a floating exchange rate system, and foreign currencies can be exchanged at any of the commercial banks, recognized foreign exchange bureaux and most hotels.
TD Bank: The standard daily limit is $1,250 when using a Visa debit card or ATM card for cash withdrawals, while the bank’s Private Client customers have limits of $1,500.
In January 2006, Bank of the West opened a representative office in Tokyo, Japan, and in September 2007, it opened a representative office in Taipei, Taiwan. [9] As of June 2016, Bank of the West's CEO is Nandita Bakshi. [10] In 2022, the bank was listed as one of the Best Places to Work for Disability Inclusion by the Disability Equality Index ...