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Monday, August 8, 2022

World Business Outlook Rates Rokel Commercial Bank as “Most Trusted Commercial Bank”


By Abubakarr Harding

Rokel Commercial Bank has been declared as the Most Trusted Commercial Bank in Sierra Leone for 2022 by the Singapore based World Business Outlook.

Rokel Commercial Bank was awarded alongside over 150 financial institutions in Africa, Asia and the Middle East. The awards are done every year targeting business and financial institutions that have exhibited leadership and mastery to achieve success in the financial industries of their respective countries.

Winners are selected through a research and data collection process by a highly qualified editorial team drawn from across the respective regions participating in the process. After a careful review of nominations, winners are announced on the integrity of their applications and current accomplishments.

Receiving the award, Head of Corporate Affairs, Millicent Cole said the bank remains committed in repositioning itself as a leader in the country’s financial sector. She added that the phenomenal transformation taking place at the bank has been due to the efforts of a forward-looking management over the last four years. “The bank has performed exceptionally well over the years… It had installed a new banking software which has placed it on a competitive edge locally and internationally,” she maintained.

The Rokel Commercial Bank, as a leading proponent of financial inclusion had embarked on a massive expansion drive, opening new branches and outlets in Bonthe, Tongo, Fourah Bay College, Kissy, Wilberforce, Juba, Wilkinson Road etc. In the last four years, it has recorded enviable profit and growth indices.  A Small and Medium Enterprise (SME) development scheme launched last year is changing the lives of motorcycle riders in Bo District and traders in Freetown.

For the first time in over three decades, the bank paid over Le6 Billion as dividend to its Prudential Shareholder, the Government of Sierra Leone last year. With an incredible, corporate social responsibility profile, the Rokel Commercial Bank has clearly risen from the ashes from a loss making to profit making financial entity recording positive retained earnings.




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