AYV News, October 7, 2024
Since 2017, Rokel Commercial Bank has demonstrated that local brands can compete both nationally and internationally through innovation and strategic growth.
Recently, R.C Bank opened a second branch in Bo and announced further expansion plans across Sierra Leone, aiming to strengthen its presence in provincial areas as well.
Mrs. Millicent Cole, Director of Credit Risk, recalled that in 1999, when the bank changed ownership, it was operating as a single branch after Barclays had closed all its locations. Today, R.C Bank boasts 21 branches, including outlets, and is the first bank in the country to have two branches in Bo city.
“We now have two branches in Bo city. Very soon, we will be opening two more branches, with another one before our next anniversary. When Barclays left, we had fewer than 100 employees, but today, we have over 500, a testament to the bank’s contribution to employment in Sierra Leone,” she stated.
She also expressed gratitude to God for blessing the bank with a great team and credited the dynamic and visionary leadership of Managing Director Dr. Walton Ekundayo Gilpin for the bank’s growth.
Managing Director Dr. Walton Gilpin emphasized the significance of an active banking sector for a thriving economy. He encouraged account holders to engage in various banking transactions beyond simple deposits and withdrawals, noting the range of services offered by R.C Bank, including banking cards, mobile apps for transactions, balance checks, and insurance payments.
Dr. Gilpin also underscored the bank’s commitment to reaching underserved areas, stating that R.C Bank has branches throughout the country and plans further expansion.
His vision is to elevate Sierra Leone’s financial sector and extend R.C Bank’s presence beyond national borders. He highlighted R.C Bank’s pioneering step of opening a second branch in Bo, setting a precedent for other banks by enhancing service delivery.
By implementing strong risk management frameworks, adhering to regulatory requirements, and embracing digital innovation, R.C Bank has built credibility and established long-term stakeholder relationships. Dr. Gilpin stressed the importance of forging strategic partnerships and ensuring regulatory compliance to help Sierra Leonean banks strengthen their competitive position, drive sustainable growth, and contribute to the country’s economic development, as well as Africa’s.
R.C Bank (SL) Ltd. is now fully digital, in line with the theme of its 25th anniversary: “Digitalization Towards Customer Satisfaction,” focusing on bringing banking services to the grassroots.
As R.C Bank continues to expand, it is poised to become a key player in the financial landscape, attracting investors and positioning itself for success in Sierra Leone’s market.
