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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.
Telephone banking is a service provided by a bank or other financial institution that enables customers to perform over the telephone a range of financial transactions that do not involve cash or financial instruments (such as checks) without the need to visit a bank branch or ATM.
Sierra Leone Commercial Bank Limited, state-owned; Rokel Commercial Bank (SL) Limited; Standard Chartered Bank (SL) Limited, part of Standard Chartered Group; Union Trust Bank Limited; Guaranty Trust Bank (SL) Limited, part of GTCO Group; Vista Bank (SL) Limited, part of Vista Bank Group; First Bank (SL) Limited, part of First Bank of Nigeria Group
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. [3]
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
Sierra Leone Commercial Bank; U. Union Trust Bank This page was last edited on 18 January 2020, at 21:13 (UTC). Text is available under the Creative Commons ...
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 universal bank is a type of bank which participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and ...
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