Best bank: Ecobank Sierra Leone
Ecobank Sierra Leone recorded double-digit growth in its commercial banking operations last year, with gross loans to business customers up by 45% to $11.8 million. Customer deposits were up by 3%, reaching $25.7 million.
Ecobank’s digital platforms also demonstrated impressive growth. Omni Lite, the lender’s digital banking platform for small and medium-sized enterprises, handled transactions worth $47.13 million during the period.
The number of merchants using the bank’s point-of-sale terminals increased by 50%, with total transaction volume up by 45%.
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