At the UK-Sierra Leone Trade and Investment Conference held in London on Thursday June 6th 2019, Stuart Ponder, senior vice president INTL FC Stone informed His Excellency President Bio that through the Sierra Leone Commercial Bank, it sends over £50 Million Pounds into Sierra Leone annually.
Stuart Ponder who acknowledged the presence of SLCB’s Deputy Managing Director, Mr. Bockarie Kalokoh said, “We are a leading provider of payment service to Sierra Leone. We work very closely with Sierra Leone Commercial Bank.”
In line with President Bio’s appeal to British private sector investors to come and establish businesses in Sierra Leone in his government’s quest to provide thousands of new jobs for the youth, SLCB diligently provides a wide range of financial services to its customers that, as pointed out by Stuart Ponder, international investors can make use of to easily transfer money in and out of the country.
As a credible credit worthy financial institution, since its establishment in 1973 by the Government of Sierra Leone as its sole shareholder, SLCB under successive managements and board of directors has maintained a leading position as the country’s largest financial service provider to individuals, SMEs, large corporations, industries and embassies.
Speaking with this reporter, the dynamic Deputy Managing Director, Mr. Bockarie Kalokoh noted that the bank is making serious strides because of team work.
“We are working as a team and we will work very hard to maintain the standard of the bank and top position in the financial industry”. Kalokoh noted.
SLCB with its headquarters on Siaka Stevens Street in Freetown has branches in Freetown, Bo, Kenema, Makeni, Koidu, Cline Town, Mobimbi, Njala, and Waterloo.
It offers online banking, current accounts, savings accounts, fixed deposits, foreign currency accounts, loans and advances, investment management, and money transfer services.
SLCB based on the World Bank and the Central Bank’s recommendation to bring more people into the formal banking sector has responded with Mi Yone banking kiosks in the rural communities of Adonkia in Goderich, Wilberforce and Jui as pilots for taking banking services to the doorsteps of the unbanked. This serve is of great help to people in those communities as they no longer have to journey to a branch office or headquarters to do their banking.
Recently having migrated into the world of digital banking, SLCB customers can now access their SLCB accounts using the Bank’s internet banking service anywhere, anytime, no matter where you are with just the click of a mouse.
With SLCB’s internet banking customers can:
- Check balances
- View transaction information
- View statements up to two months old
- Transfer money between one’s accounts
- Purchase Bearer Bonds and Treasury Bills
- Order Cheque book for collection at counter
- Order extended statement of account for collection at counter
- Download forms
- Effect Standing Orders
- Stop Payment of Cheques
SLCB also offers other products and services such as transferring fund anywhere both locally and internationally.
SLCB’s commitment to excellence in service delivery is guided by a set of core values and principles.
SLCB offers competitive interest rates and bank charges on interest and foreign exchange rates and various bank charges.
Financing Options for Your Small Business
Are you a small business owner or entrepreneur? SLCB can work with you to provide structured financing for your start-up or small enterprise, whatever you need a helping hand with. SLCB is always ready to help you learn about the range of options they offer to help you grow your business which includes:
- Flexible loans
- Cash-flow finance
- Lines of credit
Corporate Social Responsibility
SLCB’s approach to Corporate Social Responsibility is built on best practices.
SLCB is committed to investing in social programmes in education, sports and environmental challenges for communities countrywide. Our scope of community engagement initiatives are focused on, but not limited to, the following areas:
SLCB is committed to supporting efforts aimed at combating health issues. To achieve this, we have been partnering with local organizations to promote awareness of health issues and providing financial support to projects that fit the Bank’s CSR Strategy.
In education, SLCB’s intervention ranges from providing scholarships, support in school materials and infrastructural development. Adoption of deprived schools in poor rural communities may be undertaken on a case by case basis.
As the ‘People’s Bank’, SLCB’s goal is to have a lasting impact on the communities involved, with a blend of corporate financial contributions with in-kind giving (donations) and volunteering service of our staff who take part in community volunteering.