By Amin Kef (Ranger)

United Bank for Africa (Sierra Leone) Limited has reported a strong financial performance for the year ended 31 December 2025, posting a profit after tax of NLe741.046 million, according to its audited financial statements released by the bank.

The financial results show significant growth across key performance indicators, reflecting the bank’s continued expansion, improved operational efficiency, and increasing customer confidence in its services.

According to the audited statements, UBA Sierra Leone recorded total interest income of NLe1.078 billion in 2025, up from NLe909.253 million in 2024. Net interest income also increased to NLe990.233 million from NLe824.176 million during the previous year, demonstrating the bank’s ability to generate stronger returns from its lending and investment activities.

The bank further reported growth in fees and commission income, which rose to NLe191.243 million compared to NLe174.658 million in 2024. Net trading and foreign exchange income stood at NLe52.123 million, while total net operating income increased to NLe1.203 billion from NLe1.027 billion recorded in the preceding year.

Despite higher operational expenditures associated with business expansion and service delivery, UBA Sierra Leone maintained strong profitability. Profit before income tax increased to NLe988.997 million from NLe833.642 million in 2024, while profit after tax rose to NLe741.046 million compared to NLe622.830 million in the previous financial year.

The Statement of Financial Position also highlights the bank’s growing asset base. Total assets increased substantially to NLe6.080 billion in 2025 from NLe5.253 billion in 2024. Loans and advances to customers grew significantly to NLe1.705 billion, reflecting the bank’s continued support to businesses and individuals across Sierra Leone.

Customer deposits also experienced notable growth, rising from NLe3.514 billion in 2024 to NLe3.876 billion in 2025. This increase underscores growing public trust in the bank and its expanding role within Sierra Leone’s financial sector.

UBA Sierra Leone’s shareholders’ funds strengthened further during the year, reaching NLe991.823 million compared to NLe770.057 million in 2024. The increase was driven by retained earnings and improved profitability, positioning the bank for continued growth and resilience in a competitive banking environment.

The audited financial statements were approved by the Board of Directors on 26 March 2026 and signed on behalf of the Board by Director Jacqueline A. Williams, Managing Director/Chief Executive Officer Mohamed Samoura, and Chairman Dr. Claudius Bart-Williams.

The independent audit conducted by Baker Tilly Sierra Leone expressed an unmodified opinion, confirming that the financial statements present a true and fair view of the financial position of United Bank for Africa (Sierra Leone) Limited as of 31 December 2025 and of its financial performance and cash flows for the year in accordance with International Financial Reporting Standards (IFRS) and the Banking Act of Sierra Leone.

The positive financial results reinforce UBA Sierra Leone’s position as one of the country’s leading financial institutions, committed to delivering innovative banking solutions while supporting economic growth and financial inclusion nationwide. https://thecalabashnewspaper.com/uba-sierra-leone-records-another-year-of-strong-growth-and-financial-resilience/