SIERRA LEONE
BANKING SECTOR
PERFORMANCE
SECTOR ANALYSIS.
How Profitable were Banks In Sierra
Leone During 2013?
T
he 2013 published financial statements for commercial banks in Sierra Leone were quite impressive to say the
least. Guaranty Trust Bank (GTB) came
out tops in terms of profitability and total
assets base, recording 32% of the total
profits published by the 7 commercial
banks under review. United Bank for Africa (UBA) and Standard Chartered Bank
(SCB) were the 2nd and 3rd most profitable recording 18%1 and 17%1 respectively of the total profits of the 7 banks.
Ecobank (ECO) recorded 16%1 of the
total profit. ECO is gradually proving