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The Bank of Sierra Leone is the central bank of Sierra Leone. It issues the country's currency, known as the Leone . The bank formulates and implements monetary policy , including foreign exchange .
Website of Central Bank of Sierra Leone This page was last edited on 21 December 2024, at 17:13 (UTC). Text is available under the Creative Commons ...
Sierra Leone Commercial Bank (SLCB) is a Sierra Leone commercial bank. It is one of the commercial banks licensed by the Bank of Sierra Leone, the country's central bank and national banking regulator. [1] It serves large corporations, small and medium enterprises, and individual customers. It is operated and managed by indigenous Sierra Leonians.
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]
Toggle Sierra Leone subsection. 43.1 Central bank. 43.2 Commercial banks. 44 Somalia. ... Sierra Leone Commercial Bank [87] Skye Bank; Standard Chartered Bank; Union ...
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).
Sierra Leonean leone: Bank of Sierra Leone: 1963 ... Source: World Currency Composition of Official Foreign Exchange Reserves, International Monetary Fund [1]