Liberia - U.S. Banks and Local Correspondent Banks Liberia - U.S. Banks
One of Liberia’s nine commercial banks, International Bank (IB), is partially U.S-owned. The bank partners with Pan African Capital Group, Databank Group, and Trust Bank of the Gambia, and its correspondent banks are Ghana International Bank Plc, Bank of Beirut, MEAB, and BMCE Bank International. There is a limited number of correspondent banking relationships in Liberia. The U.S. Embassy in Monrovia is not aware of any specific country programs currently offered by ExIm Bank in Liberia. The Nigerian-owned United Bank for Africa (UBA) has branches in about 20 African countries, with subsidiaries in New York and London, while Ecobank operates in several African countries. Its headquarters, Ecobank Transnational, is located in Togo with subsidiaries in United Kingdom and France. Guaranty Trust Bank has subsidiaries in a few African countries and the United Kingdom. First International Bank (FIB) Liberia, with branches in four African countries, operates five MoneyGram and Western Union retail outlets in the country.
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