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President Koroma Unveils UBA

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President Koroma Unveils UBA

By Joseph Milton Lebbie…………………………

The United Bank of Africa (UBA) has extended its tentacles to the Southern city of Bo where President Dr. Ernest Bai Koroma past Friday officially opened the Bo branch of the bank located along Dambala Road.

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The colorful ceremony was held at the bank office and attracted several other top government functionaries among them the Vice-President, Victor Foh, the Bank Governor, Dr. Kaifala Marah and the Minister of Information and Communications, Mohamed Bangura who chaired the occasion.

In his opening remarks, the Chairman for the occasion, Mohamed Bangura, said he was delighted to chair the landmark ceremony because he is a customer of the bank which he described as bank among banks.

He hailed UBA for towing the line of President Koroma’s Agenda for Prosperity and expressed hope that UBA will extend to other parts of the country so that it will continue to provide jobs for many Sierra Leoneans.

The Information Minister noted that the Agenda for Prosperity can never succeed without a robust private sector, making UBA’s extension to Bo very necessary and timely.

The UBA Board Chairman, Kofi Macauley, thanked government for its continued support to UBA which he referred to as a Sierra Leonean bank as Sierra Leoneans will soon start to have shares in the bank.

Mr. Macauley informed that in 2015, UBA paid eight billion Leones tax to government and paid ten billion Leones in 2016, pointing out that UBA has employed 124 Sierra Leoneans.

While unveiling the bank, President Koroma, on behalf of the government and people of Sierra Leone, congratulated UBA for stretching out to Bo which, he noted, is a clear indication that the country is fast returning to economic normalcy after the economic devastation Ebola caused.

The President stressed that we must encourage our banks to stick to their core businesses, noting that banks have a very crucial role to play in the economic recovery of this nation.

President Koroma concluded by wishing to see that Sierra Leoneans will start having shares at UBA.

The occasion was climaxed by President Koroma making the first ATM withdrawal from the bank.

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