Skye Bank Sierra Leone set growth target

By sifaxadmin | September 4th, 2020

Olusegun Obasun, the new Managing Director, Skye Bank, Sierra Leone, has set a 3-year strategic growth plan for the company that will take it into the league of leading banks in the West African country.


In his presentation to the staff titled ‘Charting a market dominant future’ on assumption of duties, Obasun said the company has the potential to grow and become very successful. To do this, there is a need to drive aggressive growth of customer base across target sectors, drive customer acquisition across value chain of target sectors, leverage transaction banking solutions to grow non-interest income, create quality retail loans and develop and introduce innovative products and modify existing products to meet customer needs.


Some of the critical success factors outlined in the growth trajectory will include a 25% year-on-year increase in number of customers per segment, 20% year-on-year growth in interest income and 20% year-on-year growth in non-interest income.



To achieve this lofty vision, Obasun explained the important role the staff will need to play, adding that fostering a positive work climate, excellent interpersonal relationship among staff and positive communication will also be very decisive in meeting the set target.