Banking in Sierra Leone

Source: Wikipedia, the free encyclopedia.

Banking in Sierra Leone consists of a central bank, the Bank of Sierra Leone, seven commercial banks, and six community banks.[1]

Banking sector

The

GDP at just over 4 percent.[3]

Community Banks

Community banks play the role of extended

microfinancing program and by empowering local communities.[2]

Community Banks
Name Founded District
Zimmi Community bank June 2005[4] Zimmi, Pujehun District
Kabala Community bank July 2008[5] Kabala, Koinadugu District
Marampa Masimera Community Bank
Yoni Community Bank Ltd
Mattru Community Bank Ltd July 2004[6] Mattru Jong, Bonthe District
Segbwema Community Bank Ltd February 2005[7] Segbwema, Kailahun District

See also

References

  1. ^ "Community Banks". Bank of Sierra Leone. Archived from the original on 13 November 2008. Retrieved 21 February 2011.
  2. ^ a b Sierra Leone: Poverty Reduction Strategy Paper IMF country report, International Monetary Fund, 2005, p. 58
  3. .
  4. ^ Fofana, M. S. (24 June 2005). "The Occasion of the Turning of the Sod Ceremony for the Zimmi Community Bank" (PDF). Bank of Sierra Leone. Archived from the original (PDF) on 13 November 2008. Retrieved 21 February 2011.
  5. ^ KAMARA, SAMURA M. W. (18 July 2008). "Statement by Dr. Samura M. W. Kamara, Governor, Bank of Sierra Leone, on the occasion of the official opening of the Kabala Community Bank at Kabala, on Friday 18 July 2008" (PDF). Bank of Sierra Leone. Archived from the original (PDF) on 11 November 2008. Retrieved 21 February 2011.
  6. ^ "Statement by the Deputy Governor on the occasion of the informal opening ceremony for the commencement of business at the Mattru Community Bank on Friday 16 July 2004". Bank of Sierra Leone. 16 July 2004. Archived from the original on 13 November 2008. Retrieved 21 February 2011.
  7. ^ Rogers, J. D. (21 February 2005). "Statement on the occasion of the official opening of the Segbwema Community Bank on Monday 21 February 2005". Bank of Sierra Leone. Archived from the original on 13 November 2008. Retrieved 21 February 2011.