The financial sector mainly comprises of the banking and the insurance industries which are being regulated by the Central Bank and the Sierra Leone Insurance Commission (SLICOM) respectively.
This sector has made significant gains since the gloomy days of the civil war as the general populace had lost confidence in the banking industry and the concept of insurance was considered insignificant.
This sector has potential for growth and this can be manifested through various forms of financial intermediation and improvements in customer services.
BDO Sierra Leone plays a key role in the financial sector being the auditors for a huge portfolio of commercial banks and insurance companies.
The firm also provides tax and other regulatory compliance services to operators in the sector.