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Barclays pulls out

    ABIDJAN

    Barclays Bank has sold its stake in Barclays Bank Sierra Leone to the government, the government in Freetown announced. The new entity will reportedly be called Rokel Commercial Bank.

    Barclays has had operations in Sierra Leone for 82 years but last week it decided to pull out because many of the local branches of Barclays Bank Sierra Leone were destroyed and investments were virtually impossible, AFP reported.

    The new agreement now leaves Standard Chartered Bank as the only foreign commercial bank in the country.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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