UBA Sierra Leone, under the leadership of Mohamed Samoura as the acting Managing Director, has defied all odds and achieved astonishing success.
The bank has set new standards in the industry with its impressive financial performance and a rapidly growing customer base. Let’s delve into the details of their remarkable journey.
Despite the challenging economic landscape, UBA Sierra Leone has recently announced record-breaking profits in its 2022 Financial Year report. The bank reported a staggering Profit Before Tax (PBT) of SLE 271 million and a Profit After Tax (PAT) of SLE 203 million, indicating an exceptional year-on-year growth rate of 71%. These outstanding results have propelled the bank’s average return on equity to an impressive 52.2%, surpassing the previous year’s figure of 39.3%.
UBA Sierra Leone’s success story extends beyond its own growth and prosperity. The bank has significantly increased its corporate tax contributions to the government, with a notable surge from SLE 40 million in 2021 to SLE 67.9 million in 2022. This exemplifies UBA’s commitment to playing a vital role in the economic development of Sierra Leone.
The bank’s remarkable growth is further reflected in its expanding customer base. UBA Sierra Leone witnessed a surge in customers, surpassing 450,000 in 2022 compared to over 246,000 in the previous year.
This rapid increase has resulted in a remarkable 64% growth in gross earnings. Additionally, the bank’s net interest income has soared by an impressive 70%, escalating from SLE 163.7 million to an impressive SLE 278.9 million.
With Mohamed Samoura at the helm, UBA Sierra Leone is poised for even greater achievements. The bank’s unwavering dedication to customer satisfaction, innovation, and strategic growth has positioned it as a formidable force within the industry. As UBA continues to prioritize these key factors, it is without a doubt that UBA Sierra Leone will thrive and establish new benchmarks for excellence in the future.
