The Central Bank of Sierra Leone closed Union Trust Bank (UTB), the country’s only indigenous private bank, on Wednesday, June 17, after determining that the institution was insolvent and no longer met the legal requirements applicable to commercial banks. The Governor of the Central Bank, Ibrahim Stevens, stated that this decision came after several supervisory…...
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Sierra Leone: Central Bank closes Union Trust Bank for insolvency
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
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