The Sierra Leone Commercial Bank (SLCB), on March 7th, 2024, made a groundbreaking announcement revealing a staggering profit before tax of Le119,000,000,000 (One hundred and Nineteen Billion Leones, Old Notes) for the fiscal year 2022.
It was further stated that following deductions for tax and other expenditures, SLCB achieved a remarkable net profit of SLE86,063,852,000 (Eighty-Six Billion and Sixty-Three Million Eight Hundred and Fifty-Two Thousand Leones).
Board Chairman of SLCB, Ira Nyake Amara, unveiled the aforementioned impressive financial results during the Bank’s 50th Annual General Meeting convened at its headquarters on Siaka Stevens Street in Freetown.
SLCB, boasting the highest number of branches and customers in Sierra Leone, solidifies its position as one of the country’s most profitable financial institutions.
Under the leadership of Yusufu Abdul Silla, the bank has exhibited resilience and a steadfast commitment to ethical standards and financial transparency.
The Government of Sierra Leone holds the majority of shares in SLCB, with 89.19%, while the National Social Security and Insurance Trust (NASSIT) holds 10.81% of the bank’s total shares.
