| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1995 |
| Headquarters | Freetown, Sierra Leone |
| Key people | Dr. Sheku Tejan Kamara Chairman James Sanpha Koroma Chief Executive Officer |
| Products | Loans, Savings, Checking, Investments |
| Revenue | Aftertax: US$732,000 (2009) |
| Total assets | US$29+ million (SLL:125 billion) (2009) |
| Employees | 210+ (2009) |
| Website | Homepage |
Union Trust Bank (UTB), whose full name is Union Trust Bank Limited, is a commercial bank in Sierra Leone. It is one of the seventeen (17) commercial banks licensed by the Bank of Sierra Leone, the banking regulator in that country.[1]
Contents |
The bank is a small financial services provider in Sierra Leone. As of December 2009[update], the bank's total assets were valued at approximately US$29 million (SLL:125 billion), with an estimated shareholders' equity of approximately US$7.59 million (SLL:33 billion).[2]
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. The initial capital investment of US$345,000 (SLL:1.5 billion), was increased to US$690,000 (SLL:3 billion) in 2004.[3]
Union Trust Bank is a privately owned company. The exact shareholding in the stock of the bank is not publicly known at this time.
As of February 2011[update], UTB maintains branches at the following locations:[4]