As it continues to grow by leaps and bounds under the astute dynamic leadership of Dr Ekundayo Gilpin, Rokel Commercial Bank (RCB) has been deservedly awarded the accolade of “Best Bank Governance” 2019 from the prestigious UK based Capital Finance International (CFI.co) magazine – a print news and online media that reports on business, economics and finance.

The citation in the magazine’s Winter edition reads: “….RCB welcomed a new Managing Director in 2017, DR Walton Ekundayo Gilpin, who wasted no time in aligning bank policy with a strategic vision to move the institution forward.

RCB ranks among the top three Sierra Leone banks in terms of total assets and plans to leverage its comprehensive suite of digital and mobile banking services to capture more of the country’s massive unbanked population. The CFI.co judging panel presents the Rokel Commercial Bank with the 2019 award for Best Bank Governance”

RCB was among over 100 global corporate giants including Walmart, Barclays, The Washington Post, ABA, the Commonwealth Bank that were selected and recognized by CFI through a very competitive process including nominations by the magazines global audience and in-depth research carried out by a team of experts from various countries.

The Magazine which covers critical global financial and economic issues increasingly covers African market trends dedicated a full page article explaining how the Rokel Commercial Bank has risen from the ashes to capture an enviable position in the country’s financial sector.RCB Managing Director, Dr Ekundayo Gilpin, receiving the award recently dedicated it to the Government and people of Sierra Leone.

He paid special tribute to the RCB management, board and staff for “their drive, passion and tenacity to embrace and implement forward looking policies that have positively impacted every aspect of the Bank’s operations”.Since Dr Gilpin took over a loss making demoralized RCB, the last three years witnessed an enviable growth, with 2019 a very fruitful year.

In 2018, RCB made Le66 billion profit after tax – a 30% increase from Le52 billion profit after tax in 2017. Profit before tax was Le79 billion – a significant leap from the Le62 billion profit in 2017. Customer deposits increased from Le770 billion in 2017 to 873 billion in 2018. The 2019 Balance Sheet will reflect similar performance trend.RCB is at the forefront of the country’s financial inclusion revolution employing new age mobile based products like the Rokel Sim Korpor which is taking banking to the previously unbanked and communities.