Rokel Commercial Bank (RCB) has been honored by Forbes Africa for its leading role in transforming Sierra Leoneβs banking sector through digital innovation, inclusive financial practices, and adherence to international banking standards. The recognition highlights RCBβs contributions to economic development, entrepreneurship, and financial inclusion. This milestone underscores the bankβs mission to empower individuals and businesses across the country with modern financial solutions.
Since Dr. Ekundayo Walton Gilpin took over as Managing Director/CEO in 2017, RCB has undergone a remarkable transformation. Faced with outdated systems and declining public trust, Dr. Gilpin launched a strategic overhaul that included a complete rebranding and digitization initiative. His vision turned RCB into a customer-focused institution, reflected in the bankβs new identity marked by phantom blue and gold colors and a revamped service delivery model. Today, RCB offers 24/7 mobile banking services accessible even in remote areas, reinforcing its status as a modern financial powerhouse.
RCBβs digital transformation has played a major role in its financial success. From a modest profit of 1.5 billion Leones (US$65.6 million) in 2016, the bank recorded a staggering 65 billion Leones (US$2.8 billion) pre-tax profit by the end of 2017. Dr. Gilpin attributes this growth to strong collaboration between the Board, management, and staff, all of whom embraced a culture of excellence, innovation, and strategic planning. The bank now meets the needs of both tech-savvy youth and traditional customers through inclusive, accessible services.
Through strategic partnerships with banks in the U.S., U.K., and Turkey, RCB facilitates international transactions and strengthens Sierra Leoneβs investment appeal. Moreover, the bank continues to drive financial inclusion through tailored initiatives such as salary schemes and SME lending programs, which provide underserved communities with access to finance. These efforts are not only reducing loan defaults but also enabling small businesses and individuals to thrive.
As Sierra Leone implements Vision 2030 to achieve long-term economic transformation, RCB is aligning its strategies to support national goals. The bank plans to expand its branch network, enhance corporate lending, and introduce environmental and social responsibility programs. With a century-long legacy and forward-looking leadership, RCB is redefining the future of banking in Sierra Leone and positioning itself as a regional financial leader under Dr. Gilpinβs dynamic stewardship.
