ROKEL COMMERCIAL BANK TAKES OVER UNION TRUST BANK FOLLOWING BANK OF SIERRA LEONE’S INTERVENTION.
CULLED FROM TINC Breaking News!! Bank of Sierra Leone's Unprecedented Show of Confidence on Dr Walton Gilpin's leadership.... ROKEL COMMERCIAL BANK TAKES OVER UNION TRUST BANK. Rokel Commercial Bank is set to take over the management of Union Trust Bank after the latter was placed under Resolution by the Bank of Sierra Leone in line with Section 69 of the 2019 Banking Act and Section 5(1) (c) of the Bank of Sierra Leone (BSL) act 2019. In a press release dated 8th December 2025, the Bank of Sierra Leone stated; "the decision follows a thorough supervisory review and forms part of a structured, well-managed process designed to ensure continuity of banking services and protect the interest of all customers"* The Central Bank furthered that a strong, stable and well capitalized institution like Rokel Commercial Bank would provide *"long - term security"*for depositors at UTB. The release also assured the public that banking services from UTB would continue ...