WEB:https://www.rokelbank.sl/
Phone: 232-76-22-25-1
Sierra Leone

Description

Rokel Commercial Bank (formerly Barclays Bank) was established in 1917 as Barclays Bank DCO with 100% shares owned by the parent company.

In 1971 it was incorporated locally and renamed Barclays Bank of Sierra Leone Limited with 25% shares owned by Sierra Leoneans and 75% Barclays Bank International. The rationale behind this move was to encourage Sierra Leoneans to participate as owners and develop confidence in the Bank.

Basic banking services (i.e. Savings and Current Accounts, Foreign Exchange, Bills for Collection, Safe Custody etc.) were provided and branches were established across the country. The Bank had a network of 16 branches in various areas of the country at the outbreak of the war in 1992.

As a result of the intensification of the civil war the network was reduced in quick succession leading to one Bank/Branch in April, 1998.

On 17th September 1999, Barclays Bank PLC which was the majority shareholder at the time (60% shares) withdrew from its operations in Sierra Leone after extensive discussions with the Government of Sierra Leone. The Bank after consultations with the Government was renamed Rokel Commercial Bank (Sierra Leone) Limited. The Government of Sierra Leone now holds 51% shares, 49% shares owned by private institutions, organizations and individuals. Following a recent recapitalization, the Government now owns 65%shares and the remaining 35% is owned by private institutions, organizations and individuals.

“Rokel” is the name to the longest river in Sierra Leone and empties into the Atlantic Ocean. This depicts the greatness of the Bank as a gateway to Banking in Sierra Leone.

It thus follows that Rokel River by virtue of its prominence in the country and the bank because of its geographical spread, the Bank has been referred to as the Gateway to Banking in Sierra Leone.

The Bank currently has over three hundred members of staff and is being headed by the 4th Sierra Leonean Managing Director and CEO, Dr. Walton Ekundayo Gilpin. It has a management team of 41Senior Members of staff

Rokel Commercial Bank (SL) Ltd. is the dominant bank in the market place providing about 25% of all banking business in the country.

We currently hold in excess of 155,000 accounts with a yearly growth of at least 10%.

RCB maintains correspondent banking relationships with the following: Ghana International Bank Plc UK, Standard Chartered Bank New York and also has an agreement with Afreximbank to provide trade finance facilities for the importation of goods and services to the country through letters of credit.

As a member of the SWIFT network both internal and external remittances are guaranteed a 24 hour turnaround time.

Rokel Commercial Bank’s senior management team comprises professionals with extensive experience in the financial services industry and is capable of providing all forms of banking support services.

Our Managers are available at all times for discussions and serve as a focal point in providing excellent services at all times.

The Bank also provides competitive exchange rates for all transactions relating to foreign currencies and is very flexible in dealings on commission/transfers and other charges.

Rokel is well known for its innovation in terms of products and services and offers a wide range of products to suit the needs of different groups in society. These include and not limited to the following as products can be tailor-made to suit the needs of consumers:

  • Savings
  • Ordinary Savings
  • Premium Savings
  • Kombra Account
  • Kekeh Account
  • SWAG Accounts (Students With A Goal)
  • Current Deposit Accounts
  • Personal
  • Joint
  • Corporate
  • Associations, Clubs, NGOs etc
  • Foreign Currency Accounts
  • United States Dollars
  • British Pounds
  • Euros
  • Letters of Credits
  • Safe Deposits
  • Private Deposit Boxes
  • Investment Services
  • E-Banking Services
  • On-Line Banking
  • SMS Banking
  • Visa Debit Cards
  • Visa Point Of Sale
  • Rokel Sim korpor (Mobile App)

All our Branches provide real time banking services and the concept of banking with the bank is manifested through our network of branches.

At Rokel you are not only doing business, but you can take comfort in Banking with the bank of choice.

MISSION STATEMENT

“THE MISSION OF ROKEL COMMERCIAL BANK IS TO PROVIDE BANKING AND RELATED FINANCIAL SERVICES IN A MANNER THAT BUILDS STRONG, LASTING AND SATISFYING RELATIONSHIPS WITH CUSTOMERS, EMPOLYEES, SHAREHOLDERS AND THE COMMUNITIES IN WHICH THE BANK OPERATES”.

VISION STATEMENT-

“CREATING OPPORTUNITIES”