THE FINANCIAL STABILITY REPORT 2023 IS OUT The Bank's 2023 Financial Stability Report Seventh edition has been published on the Bank's website. it contains an interesting insight into the global and domestic economic landscapes as well as a detailed assessment of the financial system in Sierra Leone. it is an insightful and educative report. Highlight The banking sector in Sierra Leone exhibited resilience in the face of slowing domestic economic growth, high inflation, and rapid depreciation of the Leone in the wake of the still on-going Russia-Ukraine war and other geopolitical tensions. The sector continued to be well-capitalised, profitable, and liquid. However, the favourable financial indicators were largely due to the banking sector’s significant exposure to the government and the associated assumed high liquidity and low risk of these investments. Government securities offered very high nominal returns, coupled with a zero percent regulatory risk rating. This was also reflected in an even lower ratio of credit to the private sector relative to GDP which is very low both by international and regional standards read more here: 2023 FINANCIAL STABILITY REPROT-FINAL.pdf or scan the QR code below and read on your device