Author: Press Release

Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again Recorded 115% growth in Gross Earnings, as PBT Grew by 263% to $757.84m, considered a splendid performance in its unaudited financial results for the third quarter which ended September 30, 2023, recording impressive growth across all key performance metrics.

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MONROVIA – The Board of Governors of the Central Bank of Liberia (CBL), proxying for the Monetary Policy Committee (MPC), met on Wednesday, 25 October 2023 and resolved to maintain the existing monetary policy rate (MPR) of 20% and the reserve requirement ratios of 25% for Liberian dollars (L$) and 10% for United States (US) dollars. The Bank has retained these measures to contain any potential build-up of inflationary pressures in the economy over the medium-term.

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