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NEWS : Local News  

Sierra Leone News : VP Foh Launches ACTB Savings and Loans Accounts
By John Koroma
Jun 23, 2017, 17:08
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Vice President of the Republic of Sierra Leone, Ambassador Dr. Victor Bockarie Foh yesterday Thursday June 22nd 2017 at a well-attended ceremony at the edifices of the ACTB Savings and Loans accounts office at Old Railway Line in Freetown officially launched the ACTB Savings and Loans Accounts to operate as micro savings and loans accounts throughout the country.

 

Whilst launching the ACTB Savings and Loans Accounts, Vice President Victor Bockarie Foh congratulates Staff, Management and Board of the ACTB Savings and Loans Accounts for upholding an exemplary character in securing a license from the Bank of Sierra Leone to operate as a Micro Finance institution in the country. He added that the government of Sierra Leone has prioritized financial policy in the agenda for prosperity and he entreats the private sector to take opportunity in the financial growth because it has the propensity to accelerate the economy of the country.  He went on to say that the ACTB Savings and Loans Accounts would have a direct positive impact in the lives of the citizens as it would give low income earners the opportunity to save their money and help to develop their lives. Vice President Victor Bockarie Foh added that the ACTB Savings and Loans accounts would help to create employment for people and also help in the reduction of poverty in the country. Vice president Victor Bockarie Foh urged all Sierra Leonean to replicate the good work of the ACTB Savings and Loans accounts and help to push the economy of the country.


The representative of the Deputy Bank Governor of Sierra Leone, Mr. I.K. Lamin disclosed that the ACTB Savings and Loans Account is poised to become a savings and accounts throughout the country. He disclosed that over the years, the institution Call to Business before attaining the status to operate as a Savings and Loans Account in the country, has been operating successfully and it has been tested to be a key player in the growth of the economy of the country. He went on to say that the ACTB Savings and Loans Account is in line with government agenda for prosperity and he assured that the ACTB Savings and Loans Account would be key in revenue generation of the country. He disclosed that the ACTB Savings and Loans Account has been accredited to operates as a savings and loans accounts because they have all what it takes to serve the people of Sierra Leone. He encouraged management and staff of ACTB savings and loan accounts to work in the direction of the country’s policy and entreat the general public to take advantage of the services that are provided by ACTB Savings and Loans Account throughout the country.

 

The Managing Director, Mr. David Kamara of ACTB Savings and Loans Accounts disclosed that the secret to this success is the combination of a keen sense of mission and strong leadership demonstrated by the management at home and abroad.

 

The Chief Executive Officer, Mr. Joe Abass Bangura in his brief statement said that the previously ACTB Savings and Loans Accounts known as a Call to Business Trading has been officially granted license by the Bank of Sierra Leone to operate Microfinance Bank in the country. He added that the application for a Deposit –taking license was triggered by the need to raise finance locally to meet the very ambitious plans of the company. He emphasized the role the private sector must play to drive the economy of the state. He disclosed that another important product that will be launched later is the electronic banking service involving ATM and Visa Cards and SMS and email alert services are also part of the package.


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