In a significant development for the country’s financial landscape, the Sierra Leone Commercial Bank (SLCB) has announced a dividend payout of Le12 billion to the government, thus reflecting a robust financial performance as of the year 2023.

The announcement was made during the bank’s 51st Annual General Meeting (AGM) held on November 7, 2024, at the bank’s Pent House Conference Hall.

Mr. Ira Nyake Amara, Board Chairman of SLCB, emphasised the bank’s key results, attributing its success to strategic initiatives that include expanding its customer base, enhancing digital banking services, and investing in local development projects.

These efforts have not only bolstered the bank’s market position but have also aligned with national goals of financial inclusion and support for small and medium enterprises (SMEs).

The substantial profits generated by SLCB in the past year helped facilitated the generous payout of the dividend, which underscores the bank’s pivotal role in the national economy. The bank’s commitment to sustainable financial practices and its contribution to public finance will support vital development programs in the country.

The Board of Directors and other representatives expressed gratitude for SLCB’s achievements, thus highlighting that the dividend will aid various initiatives aimed at improving public services and infrastructure.

They commended SLCB for its exemplary position in the banking sector and the importance of collaboration between government entities and financial institutions in fostering national progress.

As Sierra Leone navigates its path toward economic resilience, SLCB remains steadfast in its commitment to delivering value to shareholders and supporting the nation’s development goals.