UBA Sierra Leone Reports Strong 2025 Performance with NLe 988.9 Million Profit Before Tax

United Bank of Africa (UBA) Sierra Leone has reported a strong financial performance for the 2025 financial year, recording significant growth across several key indicators despite prevailing economic challenges.

According to the Bank’s Board-approved Annual Report and Audited Financial Statements, which have been endorsed by the Bank of Sierra Leone (BSL), UBA Sierra Leone achieved an 18.6% increase in Profit Before Tax (PBT), rising from NLe 833.6 million in 2024 to NLe 988.9 million in 2025. 

Profit After Tax (PAT) also increased substantially, reaching NLe 741.0 million compared to NLe 622.8 million in the previous year. Gross earnings grew by 18.1%, climbing from NLe 1.1 billion in 2024 to NLe 1.3 billion, while the Bank’s balance sheet expanded by 15.3% from NLe 5.2 billion to NLe 6.0 billion.

The growth was driven by an expanding customer base and increased activity across several business segments. Customer deposits rose by 8.5%, reaching NLe 3.8 billion compared to NLe 3.5 billion recorded in 2024. 

Profit, Earnings, and Assets Show Significant Growth

UBA Sierra Leone attributed its earnings growth to diversified revenue streams, including transactional banking, digital banking products, trade finance, and foreign exchange operations. Although operating expenses increased by 6.7% due to inflationary pressures and higher business volumes, the Bank improved its cost-to-income ratio from 18.1% to 16.6%, reflecting stronger operational efficiency and prudent cost management. 

Claudius Bart Williams, Board Chairman for UBA SL, described the Bank’s performance as the outcome of strategic direction:

“UBA Sierra Leone’s solid financial position and strategic initiatives help the bank support Sierra Leone’s economic development; of which we are proud. As a Bank, we remain confident in and focused on the Bank’s ability to create long-term value for our stakeholders,” he said.

The Bank also maintained a strong capital position during the year. Its share capital stood at NLe 139 million, exceeding the Central Bank’s 2025 regulatory minimum requirement of NLe 122 million.

Pointing to the institution’s financial stability, management confidently asserted that UBA is well-positioned to meet any and all upcoming capital requirements.

UBA Sierra Leone Makes Advances in Financial Inclusion

As part of efforts to support the Bank of Sierra Leone’s financial inclusion agenda, UBA Sierra Leone continued expanding access to banking services across the country. In 2025 alone, the Bank opened more than 70,072 new accounts and issued approximately 34,704 payment cards. 

The Bank said its Customer First (C1st) philosophy remains central to its operations, with customers benefitting from digital solutions such as mobile banking services and the AI-powered LEO platform, designed to provide convenient and seamless banking experiences. 

Managing Director and Chief Executive Officer, Mohamed Alhajie Samoura, said the results demonstrate both the dedication of the Bank’s workforce and the confidence customers continue to place in the institution. 

“Our 2025 results reflect the dedication of our team and the trust of our customers. We are proud to deliver strong financial performance while advancing our mission to make banking accessible to all Sierra Leoneans. Our focus on innovation, customer service, and operational excellence will continue to drive sustainable growth,” he stated. 

Some team members of UBA Sierra Leone

Looking ahead, UBA Sierra Leone plans to further expand its national footprint through the opening of additional branches, including a new outlet in Kono; strengthening UBA’s financial inclusion efforts and improving banking services in underserved communities.